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The total U.S. market for nondestructive testing (NDT) technologies is valued at nearly $2.5 billion in 2010. This market is forecast at more than $2.3 billion in 2015, representing a compound annual ...
The total U.S. market for nondestructive testing (NDT) technologies is valued at nearly $2.5 billion in 2010. This market is forecast at more than $2.3 billion in 2015, representing a compound annual growth rate (CAGR) of -0.9% between 2010 and 2015.Nondestructive testing techniques play a crucial role in the manufacturing sector. Preliminary data for 2010 indicate that the U.S. manufacturing sector is recovering. BCC estimates the 2010 market for manufacturing NDT equipment at about $422 million, or 2% more than in 2009. By 2015, the market will exceed $590 million, a 6.9% compound annual growth rate (CAGR) since 2010.The U.S. aerospace industry purchased about $269 million worth of NDT equipment and supplies in 2009, a figure that is projected to decline to $265 million in 2010. By 2015, this sector is expected to be worth nearly $316 million, reflecting a compound annual growth rate (CAGR) of 3.6%.INTRODUCTION STUDY GOAL AND OBJECTIVESThis BCC Research report will provide an overview of current technology developments and an assessment of the U.S. nondestructive testing (NDT) equipment market. The goals of this report are to: Provide an overview of NDT technologies.Identify companies actively engaged in the development and manufacture of NDT equipment.Assess new developments by analyzing recent patents granted for NDT-related technologies.Identify technological and business issues that will impact the NDT industry.Provide an understanding of the market and technology so decision-makers will be able to evaluate and consider opportunities within this market.REASONS FOR DOING THE STUDYThis report is an update of an earlier BCC report published in late 2006. Since the previous edition was published, nondestructive testing has continued to play a leading role in a number of key industries. Core NDT technologies are evolving in important ways and are becoming increasingly user-friendly. Applications for NDT also are expanding rapidly. New industries that only recently have begun to use NDT techniques are becoming significant consumers of this technology. The potential market for nondestructive testing equipment continues to expand with emphasis on product quality, lean manufacturing, just-in-time inventory practices, advances in nanomaterials, and related manufacturing, and testing. For all of the above reasons, BCC decided that an update would be timely. This revised report identifies recent industry movements and trends, and describes the present state of the NDT industry and the direction in which it is headed.CONTRIBUTION OF THE STUDY AND FOR WHOMThis study provides an understanding of NDT technology and its products and markets. As such, BCC Research wrote this report for the following reader categories: NDT equipment manufacturers and usersResearch and development firmsGovernment and private laboratoriesInvestment and financial executivesOthers interested in this technologySCOPE AND FORMATThis report focuses on the U.S. market for nondestructive testing equipment and on the eight techniques widely accepted as the main nondestructive testing methods: Acoustic emissionEddy currentInfrared and thermal testingLiquid penetrantMagnetic particleRadiographyUltrasonicVisual/optical testing The report also discusses several other less widely used NDT technologies, such as leak testing and microwave testing, on an application-specific basis.This study is an analytical business tool whose purpose is to examine nondestructive testing technology, its products, and applications in key markets. It provides an overview of NDT, its developmental history, profiles of market leaders and their new products, and consolidation trends within the industry.This is a look at key NDT technologies, including their individual histories and applications. Sales forecasts for each major NDT technology are provided by market segment. The report then discusses key NDT end-user markets and forecasts sales by the technologies used within each market. Abstract
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