Ultrasonic Testing Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The ultrasound examination market is valued at $3.05 billion in 2019 and is to reach $5.24 billion by 2028 and is to grow at a CAGR of 8% from 2022 to 2028. The Global Ultrasonic Testing Market report provides a holistic assessment of the market during the forecast period. The report consists of an analysis of the various segments and trends and factors playing an important role in the market. These factors; Market dynamics include drivers, limitations, opportunities and challenges that account for the impact of these factors on the market. Drivers and constraints are intrinsic factors, while opportunities and challenges are external factors in the market. The global Ultrasound Examination market study provides an outlook for the market development in terms of revenue during the prognosis period.

Company Profile

• Amerapex Corporation
• Cygnus Instruments Inc.
• Eddyfi NDT Inc.
• NDT Systems. Inc.
• OLYMPUS CORPORATION
• Sonatest Ltd
• SONOTEC GmbH

Market Segmentation

By Type:

• Time-Of-Flight Diffraction
• Phased Array Techniques

By Equipment:

• Flaw Detectors
• Thickness Gauges

By Service:

• Inspection Services
• Equipment Rental Services
• Training
• Calibration

By Application:

• Manufacturing
• Oil & Gas
• Aerospace
• Government Infrastructure

Scope of the Report

The research study analyzes the global Ultrasonic Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Ultrasonic Testing Market Report

1. What was the Ultrasonic Testing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Ultrasonic Testing Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Ultrasonic Testing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.