Ultrasonic Testing Equipment Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2029

7.5%
CAGR (2023-2029)
1.39 USD Bn.
Market Size
315
Report Pages
159
Market Tables

Overview

Ultrasonic Testing Equipment Market is expected to reach US$ 2.31 Bn. by 2029, at a CAGR of 7.5% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Ultrasonic Testing Equipment MarketTo know about the Research Methodology:-Request Free Sample Report

Ultrasonic Testing Equipment Market Dynamics:

Pipelines are one of the most important assets of the oil and gas midstream sector, connecting the upstream and downstream part. Their capability to transport high volumes makes them a popular choice for oil and gas transportation. Nevertheless, pipeline design and maintenance are complex issues as pipelines operate under several operating environments and carry fluids such as crude oil, natural gas, refined products and liquefied gases. They are highly prone to defects and corrosion as they carry different types of crude oils, which include corrosive fluids.

On the other hand, there are some limitations and problems associated with the use of ultrasonic testing. One of the limitations of ultrasonic testing equipment is its non-suitability for all kinds of surfaces. Complex shapes are not suitable for ultrasonic testing.

Based on end-use industry, the power generation vertical is anticipated to grow at the maximum CAGR throughout the forecast period. Ultrasonic testing plays an important role in ensuring the safety of nuclear power plants both in inspection throughout construction and whilst in-service. In addition, emerging economies such as India are investing in power grid infrastructure to expand their reach of electricity to almost every household.

Ultrasonic Testing Equipment Market

Ultrasonic Testing Equipment Market Regional Insights:

Globally, the market in APAC is anticipated to grow at a high CAGR between 2023 and 2029. The growth of the market in APAC is attributed on account of the rapid infrastructural development. The market  is projected to grow fast, driven primarily by major infrastructure advancements and automation in manufacturing processes in countries such as India and China. The countries such as China and India have high demand for ultrasonic testing equipment in the APAC region.

The outline chapter in the report explains market trends and dynamics that comprise drivers, restraining factors, and the current and future opportunities for global market. Market viewpoint analysis has also been provided in the report. As well, the report offers analysis of different business strategies being adopted by leading players operating in market. The market introduction chapter helps in getting an idea of different trends in market.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global market.

Key Highlights:

Global Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market

The Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.

Ultrasonic Testing Equipment Market Scope: Inquire before buying

Ultrasonic Testing Equipment Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.39 Bn.
Forecast Period 2023 to 2029 CAGR: 7.5% Market Size in 2029: US $ 2.31 Bn.
Segments Covered: by Product Flaw Detectors
Thickness Gauges
Ultrasonic Scanners
Others
by Component Hardware
Services
by Technique Conventional
Advanced
by End-use Industry Oil & Gas
Aerospace & Defense
Power Generation
Automotive
Manufacturing
Others

Ultrasonic Testing Equipment Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Players

1. Olympus Corporation
2. Baker Hughes, LLC (a GE company)
3. Sonatest Ltd.
4. TecScan System Inc.
5. Ndt Systems Inc.
6. Cygnus Instruments Inc.
7. Amerapex Corporation
8. Zeal International
9. Ametek, Inc.
10. Russell Fraser Sales Pty Ltd
11. GE Measurement and Control
12. Intertek Group PKC
13. Institut Dr. Foerster
14. Mistras Group
15. Modsonic
16. Sonotron
17. Technology Design
18. Eddyfi NDT Inc.
19. Zetec, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 7.5% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2029.

Table of Contents

Global Ultrasonic Testing Equipment Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Ultrasonic Testing Equipment Market, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends in Global Ultrasonic Testing Equipment Market and Emerging Technologies 4.8. Global Ultrasonic Testing Equipment Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Ultrasonic Testing Equipment Market Analysis and Forecast 6.1. Global Ultrasonic Testing Equipment Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Ultrasonic Testing Equipment Market Analysis and Forecast, by Product 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Ultrasonic Testing Equipment Market Value Share Analysis, by Product 7.4. Global Ultrasonic Testing Equipment Market Size (US$ Mn) Forecast, by Product 7.5. Global Ultrasonic Testing Equipment Market Analysis, by Product 7.6. Global Ultrasonic Testing Equipment Market Attractiveness Analysis, by Product 8. Global Ultrasonic Testing Equipment Market Analysis and Forecast, by Component 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Ultrasonic Testing Equipment Market Value Share Analysis, by Component 8.4. Global Ultrasonic Testing Equipment Market Size (US$ Mn) Forecast, by Component 8.5. Global Ultrasonic Testing Equipment Market Analysis, by Component 8.6. Global Ultrasonic Testing Equipment Market Attractiveness Analysis, by Component 9. Global Ultrasonic Testing Equipment Market Analysis and Forecast, by Technique 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 9.4. Global Ultrasonic Testing Equipment Market Size (US$ Mn) Forecast, by Technique 9.5. Global Ultrasonic Testing Equipment Market Analysis, by Technique 9.6. Global Ultrasonic Testing Equipment Market Attractiveness Analysis, by Technique 10. Global Ultrasonic Testing Equipment Market Analysis and Forecast, by End-use Industry 10.1. Introduction and Definition 10.2. Key Findings 10.3. Global Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 10.4. Global Ultrasonic Testing Equipment Market Size (US$ Mn) Forecast, by End-use Industry 10.5. Global Ultrasonic Testing Equipment Market Analysis, by End-use Industry 10.6. Global Ultrasonic Testing Equipment Market Attractiveness Analysis, by End-use Industry 11. Global Ultrasonic Testing Equipment Market Analysis, by Region 11.1. Global Ultrasonic Testing Equipment Market Value Share Analysis, by Region 11.2. Global Ultrasonic Testing Equipment Market Size (US$ Mn) Forecast, by Region 11.3. Global Ultrasonic Testing Equipment Market Attractiveness Analysis, by Region 12. North America Ultrasonic Testing Equipment Market Analysis 12.1. Key Findings 12.2. North America Ultrasonic Testing Equipment Market Overview 12.3. North America Ultrasonic Testing Equipment Market Value Share Analysis, by Product 12.4. North America Ultrasonic Testing Equipment Market Forecast, by Product 12.4.1. Flaw Detectors 12.4.2. Thickness Gauges 12.4.3. Ultrasonic Scanners 12.4.4. Others 12.5. North America Ultrasonic Testing Equipment Market Value Share Analysis, by Component 12.6. North America Ultrasonic Testing Equipment Market Forecast, by Component 12.6.1. Hardware 12.6.2. Software 12.7. North America Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 12.8. North America Ultrasonic Testing Equipment Market Forecast, by Technique 12.8.1. Conventional 12.8.2. Advanced 12.9. North America Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 12.10. North America Ultrasonic Testing Equipment Market Forecast, by End-use Industry 12.10.1. Oil & Gas 12.10.2. Aerospace & Defense 12.10.3. Power Generation 12.10.4. Automotive 12.10.5. Manufacturing 12.10.6. Others 12.11. North America Ultrasonic Testing Equipment Market Value Share Analysis, by Country 12.12. North America Ultrasonic Testing Equipment Market Forecast, by Country 12.12.1. U.S. 12.12.2. Canada 12.13. North America Ultrasonic Testing Equipment Market Analysis, by Country 12.14. U.S. Ultrasonic Testing Equipment Market Forecast, by Product 12.14.1. Flaw Detectors 12.14.2. Thickness Gauges 12.14.3. Ultrasonic Scanners 12.14.4. Others 12.15. U.S. Ultrasonic Testing Equipment Market Forecast, by Component 12.15.1. Hardware 12.15.2. Software 12.16. U.S. Ultrasonic Testing Equipment Market Forecast, by Technique 12.16.1. Conventional 12.16.2. Advanced 12.17. U.S. Ultrasonic Testing Equipment Market Forecast, by End-use Industry 12.17.1. Oil & Gas 12.17.2. Aerospace & Defense 12.17.3. Power Generation 12.17.4. Automotive 12.17.5. Manufacturing 12.17.6. Others 12.18. Canada Ultrasonic Testing Equipment Market Forecast, by Product 12.18.1. Flaw Detectors 12.18.2. Thickness Gauges 12.18.3. Ultrasonic Scanners 12.18.4. Others 12.19. Canada Ultrasonic Testing Equipment Market Forecast, by Component 12.19.1. Hardware 12.19.2. Software 12.20. Canada Ultrasonic Testing Equipment Market Forecast, by Technique 12.20.1. Conventional 12.20.2. Advanced 12.21. Canada Ultrasonic Testing Equipment Market Forecast, by End-use Industry 12.21.1. Oil & Gas 12.21.2. Aerospace & Defense 12.21.3. Power Generation 12.21.4. Automotive 12.21.5. Manufacturing 12.21.6. Others 12.22. North America Ultrasonic Testing Equipment Market Attractiveness Analysis 12.22.1. By Product 12.22.2. By Component 12.22.3. By Technique 12.22.4. By End-use Industry 12.23. PEST Analysis 12.24. Key Trends 12.25. Key Development 13. Europe Ultrasonic Testing Equipment Market Analysis 13.1. Key Findings 13.2. Europe Ultrasonic Testing Equipment Market Overview 13.3. Europe Ultrasonic Testing Equipment Market Value Share Analysis, by Product 13.4. Europe Ultrasonic Testing Equipment Market Forecast, by Product 13.4.1. Flaw Detectors 13.4.2. Thickness Gauges 13.4.3. Ultrasonic Scanners 13.4.4. Others 13.5. Europe Ultrasonic Testing Equipment Market Value Share Analysis, by Component 13.6. Europe Ultrasonic Testing Equipment Market Forecast, by Component 13.6.1. Hardware 13.6.2. Software 13.7. Europe Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 13.8. Europe Ultrasonic Testing Equipment Market Forecast, by Technique 13.8.1. Conventional 13.8.2. Advanced 13.9. Europe Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 13.10. Europe Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.10.1. Oil & Gas 13.10.2. Aerospace & Defense 13.10.3. Power Generation 13.10.4. Automotive 13.10.5. Manufacturing 13.10.6. Others 13.11. Europe Ultrasonic Testing Equipment Market Value Share Analysis, by Country 13.12. Europe Ultrasonic Testing Equipment Market Forecast, by Country 13.12.1. Germany 13.12.2. U.K. 13.12.3. France 13.12.4. Italy 13.12.5. Spain 13.12.6. Rest of Europe 13.13. Europe Ultrasonic Testing Equipment Market Analysis, by Country 13.14. Germany Ultrasonic Testing Equipment Market Forecast, by Product 13.14.1. Flaw Detectors 13.14.2. Thickness Gauges 13.14.3. Ultrasonic Scanners 13.14.4. Others 13.15. Germany Ultrasonic Testing Equipment Market Forecast, by Component 13.15.1. Hardware 13.15.2. Software 13.16. Germany Ultrasonic Testing Equipment Market Forecast, by Technique 13.16.1. Conventional 13.16.2. Advanced 13.17. Germany Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.17.1. Oil & Gas 13.17.2. Aerospace & Defense 13.17.3. Power Generation 13.17.4. Automotive 13.17.5. Manufacturing 13.17.6. Others 13.18. U.K. Ultrasonic Testing Equipment Market Forecast, by Product 13.18.1. Flaw Detectors 13.18.2. Thickness Gauges 13.18.3. Ultrasonic Scanners 13.18.4. Others 13.19. U.K. Ultrasonic Testing Equipment Market Forecast, by Component 13.19.1. Hardware 13.19.2. Software 13.20. U.K. Ultrasonic Testing Equipment Market Forecast, by Technique 13.20.1. Conventional 13.20.2. Advanced 13.21. U.K. Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.21.1. Oil & Gas 13.21.2. Aerospace & Defense 13.21.3. Power Generation 13.21.4. Automotive 13.21.5. Manufacturing 13.21.6. Others 13.22. France Ultrasonic Testing Equipment Market Forecast, by Product 13.22.1. Flaw Detectors 13.22.2. Thickness Gauges 13.22.3. Ultrasonic Scanners 13.22.4. Others 13.23. France Ultrasonic Testing Equipment Market Forecast, by Component 13.23.1. Hardware 13.23.2. Software 13.24. France Ultrasonic Testing Equipment Market Forecast, by Technique 13.24.1. Conventional 13.24.2. Advanced 13.25. France Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.25.1. Oil & Gas 13.25.2. Aerospace & Defense 13.25.3. Power Generation 13.25.4. Automotive 13.25.5. Manufacturing 13.25.6. Others 13.26. Italy Ultrasonic Testing Equipment Market Forecast, by Product 13.26.1. Flaw Detectors 13.26.2. Thickness Gauges 13.26.3. Ultrasonic Scanners 13.26.4. Others 13.27. Italy Ultrasonic Testing Equipment Market Forecast, by Component 13.27.1. Hardware 13.27.2. Software 13.28. Italy Ultrasonic Testing Equipment Market Forecast, by Technique 13.28.1. Conventional 13.28.2. Advanced 13.29. Italy Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.29.1. Oil & Gas 13.29.2. Aerospace & Defense 13.29.3. Power Generation 13.29.4. Automotive 13.29.5. Manufacturing 13.29.6. Others 13.30. Spain Ultrasonic Testing Equipment Market Forecast, by Product 13.30.1. Flaw Detectors 13.30.2. Thickness Gauges 13.30.3. Ultrasonic Scanners 13.30.4. Others 13.31. Spain Ultrasonic Testing Equipment Market Forecast, by Component 13.31.1. Hardware 13.31.2. Software 13.32. Spain Ultrasonic Testing Equipment Market Forecast, by Technique 13.32.1. Conventional 13.32.2. Advanced 13.33. Spain Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.33.1. Oil & Gas 13.33.2. Aerospace & Defense 13.33.3. Power Generation 13.33.4. Automotive 13.33.5. Manufacturing 13.33.6. Others 13.34. Rest of Europe Ultrasonic Testing Equipment Market Forecast, by Product 13.34.1. Flaw Detectors 13.34.2. Thickness Gauges 13.34.3. Ultrasonic Scanners 13.34.4. Others 13.35. Rest of Europe Ultrasonic Testing Equipment Market Forecast, by Component 13.35.1. Hardware 13.35.2. Software 13.36. Rest of Europe Ultrasonic Testing Equipment Market Forecast, by Technique 13.36.1. Conventional 13.36.2. Advanced 13.37. Rest Of Europe Ultrasonic Testing Equipment Market Forecast, by End-use Industry 13.37.1. Oil & Gas 13.37.2. Aerospace & Defense 13.37.3. Power Generation 13.37.4. Automotive 13.37.5. Manufacturing 13.37.6. Others 13.38. Europe Ultrasonic Testing Equipment Market Attractiveness Analysis 13.38.1. By Product 13.38.2. By Component 13.38.3. By Technique 13.38.4. By End-use Industry 13.39. PEST Analysis 13.40. Key Trends 13.41. Key Development 14. Asia Pacific Ultrasonic Testing Equipment Market Analysis 14.1. Key Findings 14.2. Asia Pacific Ultrasonic Testing Equipment Market Overview 14.3. Asia Pacific Ultrasonic Testing Equipment Market Value Share Analysis, by Product 14.4. Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Product 14.4.1. Flaw Detectors 14.4.2. Thickness Gauges 14.4.3. Ultrasonic Scanners 14.4.4. Others 14.5. Asia Pacific Ultrasonic Testing Equipment Market Value Share Analysis, by Component 14.6. Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Component 14.6.1. Hardware 14.6.2. Software 14.7. Asia Pacific Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 14.8. Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Technique 14.8.1. Conventional 14.8.2. Advanced 14.9. Asia Pacific Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 14.10. Asia Pacific Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.10.1. Oil & Gas 14.10.2. Aerospace & Defense 14.10.3. Power Generation 14.10.4. Automotive 14.10.5. Manufacturing 14.10.6. Others 14.11. Asia Pacific Ultrasonic Testing Equipment Market Value Share Analysis, by Country 14.12. Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Country 14.12.1. China 14.12.2. India 14.12.3. Japan 14.12.4. ASEAN 14.12.5. Rest of Asia Pacific 14.13. Asia Pacific Ultrasonic Testing Equipment Market Analysis, by Country 14.14. China Ultrasonic Testing Equipment Market Forecast, by Product 14.14.1. Flaw Detectors 14.14.2. Thickness Gauges 14.14.3. Ultrasonic Scanners 14.14.4. Others 14.15. China Ultrasonic Testing Equipment Market Forecast, by Component 14.15.1. Hardware 14.15.2. Software 14.16. China Ultrasonic Testing Equipment Market Forecast, by Technique 14.16.1. Conventional 14.16.2. Advanced 14.17. China Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.17.1. Oil & Gas 14.17.2. Aerospace & Defense 14.17.3. Power Generation 14.17.4. Automotive 14.17.5. Manufacturing 14.17.6. Others 14.18. India Ultrasonic Testing Equipment Market Forecast, by Product 14.18.1. Flaw Detectors 14.18.2. Thickness Gauges 14.18.3. Ultrasonic Scanners 14.18.4. Others 14.19. India Ultrasonic Testing Equipment Market Forecast, by Component 14.19.1. Hardware 14.19.2. Software 14.20. India Ultrasonic Testing Equipment Market Forecast, by Technique 14.20.1. Conventional 14.20.2. Advanced 14.21. India Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.21.1. Oil & Gas 14.21.2. Aerospace & Defense 14.21.3. Power Generation 14.21.4. Automotive 14.21.5. Manufacturing 14.21.6. Others 14.22. Japan Ultrasonic Testing Equipment Market Forecast, by Product 14.22.1. Flaw Detectors 14.22.2. Thickness Gauges 14.22.3. Ultrasonic Scanners 14.22.4. Others 14.23. Japan Ultrasonic Testing Equipment Market Forecast, by Component 14.23.1. Hardware 14.23.2. Software 14.24. Japan Ultrasonic Testing Equipment Market Forecast, by Technique 14.24.1. Conventional 14.24.2. Advanced 14.25. Japan Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.25.1. Oil & Gas 14.25.2. Aerospace & Defense 14.25.3. Power Generation 14.25.4. Automotive 14.25.5. Manufacturing 14.25.6. Others 14.26. ASEAN Ultrasonic Testing Equipment Market Forecast, by Product 14.26.1. Flaw Detectors 14.26.2. Thickness Gauges 14.26.3. Ultrasonic Scanners 14.26.4. Others 14.27. ASEAN Ultrasonic Testing Equipment Market Forecast, by Component 14.27.1. Hardware 14.27.2. Software 14.28. ASEAN Ultrasonic Testing Equipment Market Forecast, by Technique 14.28.1. Conventional 14.28.2. Advanced 14.29. ASEAN Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.29.1. Oil & Gas 14.29.2. Aerospace & Defense 14.29.3. Power Generation 14.29.4. Automotive 14.29.5. Manufacturing 14.29.6. Others 14.30. Rest of Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Product 14.30.1. Flaw Detectors 14.30.2. Thickness Gauges 14.30.3. Ultrasonic Scanners 14.30.4. Others 14.31. Rest of Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Component 14.31.1. Hardware 14.31.2. Software 14.32. Rest of Asia Pacific Ultrasonic Testing Equipment Market Forecast, by Technique 14.32.1. Conventional 14.32.2. Advanced 14.33. Rest of Asia Pacific Ultrasonic Testing Equipment Market Forecast, by End-use Industry 14.33.1. Oil & Gas 14.33.2. Aerospace & Defense 14.33.3. Power Generation 14.33.4. Automotive 14.33.5. Manufacturing 14.33.6. Others 14.34. Asia Pacific Ultrasonic Testing Equipment Market Attractiveness Analysis 14.34.1. By Product 14.34.2. By Component 14.34.3. By Technique 14.34.4. By End-use Industry 14.35. PEST Analysis 14.36. Key Trends 14.37. Key Development 15. Middle East & Africa Ultrasonic Testing Equipment Market Analysis 15.1. Key Findings 15.2. Middle East & Africa Ultrasonic Testing Equipment Market Overview 15.3. Middle East & Africa Ultrasonic Testing Equipment Market Value Share Analysis, by Product 15.4. Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Product 15.4.1. Flaw Detectors 15.4.2. Thickness Gauges 15.4.3. Ultrasonic Scanners 15.4.4. Others 15.5. Middle East & Africa Ultrasonic Testing Equipment Market Value Share Analysis, by Component 15.6. Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Component 15.6.1. Hardware 15.6.2. Software 15.7. Middle East & Africa Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 15.8. Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Technique 15.8.1. Conventional 15.8.2. Advanced 15.9. Middle East & Africa Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 15.10. Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by End-use Industry 15.10.1. Oil & Gas 15.10.2. Aerospace & Defense 15.10.3. Power Generation 15.10.4. Automotive 15.10.5. Manufacturing 15.10.6. Others 15.11. Middle East & Africa Ultrasonic Testing Equipment Market Value Share Analysis, by Country 15.12. Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Country 15.12.1. GCC 15.12.2. South Africa 15.12.3. Rest of Middle East & Africa 15.13. Middle East & Africa Ultrasonic Testing Equipment Market Analysis, by Country 15.14. GCC Ultrasonic Testing Equipment Market Forecast, by Product 15.14.1. Flaw Detectors 15.14.2. Thickness Gauges 15.14.3. Ultrasonic Scanners 15.14.4. Others 15.15. GCC Ultrasonic Testing Equipment Market Forecast, by Component 15.15.1. Hardware 15.15.2. Software 15.16. GCC Ultrasonic Testing Equipment Market Forecast, by Technique 15.16.1. Conventional 15.16.2. Advanced 15.17. GCC Ultrasonic Testing Equipment Market Forecast, by End-use Industry 15.17.1. Oil & Gas 15.17.2. Aerospace & Defense 15.17.3. Power Generation 15.17.4. Automotive 15.17.5. Manufacturing 15.17.6. Others 15.18. South Africa Ultrasonic Testing Equipment Market Forecast, by Product 15.18.1. Flaw Detectors 15.18.2. Thickness Gauges 15.18.3. Ultrasonic Scanners 15.18.4. Others 15.19. South Africa Ultrasonic Testing Equipment Market Forecast, by Component 15.19.1. Hardware 15.19.2. Software 15.20. South Africa Ultrasonic Testing Equipment Market Forecast, by Technique 15.20.1. Conventional 15.20.2. Advanced 15.21. South Africa Ultrasonic Testing Equipment Market Forecast, by End-use Industry 15.21.1. Oil & Gas 15.21.2. Aerospace & Defense 15.21.3. Power Generation 15.21.4. Automotive 15.21.5. Manufacturing 15.21.6. Others 15.22. Rest of Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Product 15.22.1. Flaw Detectors 15.22.2. Thickness Gauges 15.22.3. Ultrasonic Scanners 15.22.4. Others 15.23. Rest of Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Component 15.23.1. Hardware 15.23.2. Software 15.24. Rest of Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by Technique 15.24.1. Conventional 15.24.2. Advanced 15.25. Rest of Middle East & Africa Ultrasonic Testing Equipment Market Forecast, by End-use Industry 15.25.1. Oil & Gas 15.25.2. Aerospace & Defense 15.25.3. Power Generation 15.25.4. Automotive 15.25.5. Manufacturing 15.25.6. Others 15.26. Middle East & Africa Ultrasonic Testing Equipment Market Attractiveness Analysis 15.26.1. By Product 15.26.2. By Component 15.26.3. By Technique 15.26.4. By End-use Industry 15.27. PEST Analysis 15.28. Key Trends 15.29. Key Development 16. South America Ultrasonic Testing Equipment Market Analysis 16.1. Key Findings 16.2. South America Ultrasonic Testing Equipment Market Overview 16.3. South America Ultrasonic Testing Equipment Market Value Share Analysis, by Product 16.4. South America Ultrasonic Testing Equipment Market Forecast, by Product 16.4.1. Flaw Detectors 16.4.2. Thickness Gauges 16.4.3. Ultrasonic Scanners 16.4.4. Others 16.5. South America Ultrasonic Testing Equipment Market Value Share Analysis, by Component 16.6. South America Ultrasonic Testing Equipment Market Forecast, by Component 16.6.1. Hardware 16.6.2. Software 16.7. South America Ultrasonic Testing Equipment Market Value Share Analysis, by Technique 16.8. South America Ultrasonic Testing Equipment Market Forecast, by Technique 16.8.1. Conventional 16.8.2. Advanced 16.9. South America Ultrasonic Testing Equipment Market Value Share Analysis, by End-use Industry 16.10. South America Ultrasonic Testing Equipment Market Forecast, by End-use Industry 16.10.1. Oil & Gas 16.10.2. Aerospace & Defense 16.10.3. Power Generation 16.10.4. Automotive 16.10.5. Manufacturing 16.10.6. Others 16.11. South America Ultrasonic Testing Equipment Market Value Share Analysis, by Country 16.12. South America Ultrasonic Testing Equipment Market Forecast, by Country 16.12.1. Brazil 16.12.2. Mexico 16.12.3. Rest of South America 16.13. South America Ultrasonic Testing Equipment Market Analysis, by Country 16.14. Brazil Ultrasonic Testing Equipment Market Forecast, by Product 16.14.1. Flaw Detectors 16.14.2. Thickness Gauges 16.14.3. Ultrasonic Scanners 16.14.4. Others 16.15. Brazil Ultrasonic Testing Equipment Market Forecast, by Component 16.15.1. Hardware 16.15.2. Software 16.16. Brazil Ultrasonic Testing Equipment Market Forecast, by Technique 16.16.1. Conventional 16.16.2. Advanced 16.17. Brazil Ultrasonic Testing Equipment Market Forecast, by End-use Industry 16.17.1. Oil & Gas 16.17.2. Aerospace & Defense 16.17.3. Power Generation 16.17.4. Automotive 16.17.5. Manufacturing 16.17.6. Others 16.18. Mexico Ultrasonic Testing Equipment Market Forecast, by Product 16.18.1. Flaw Detectors 16.18.2. Thickness Gauges 16.18.3. Ultrasonic Scanners 16.18.4. Others 16.19. Mexico Ultrasonic Testing Equipment Market Forecast, by Component 16.19.1. Hardware 16.19.2. Software 16.20. Mexico Ultrasonic Testing Equipment Market Forecast, by Technique 16.20.1. Conventional 16.20.2. Advanced 16.21. Mexico Ultrasonic Testing Equipment Market Forecast, by End-use Industry 16.21.1. Oil & Gas 16.21.2. Aerospace & Defense 16.21.3. Power Generation 16.21.4. Automotive 16.21.5. Manufacturing 16.21.6. Others 16.22. Rest of South America Ultrasonic Testing Equipment Market Forecast, by Product 16.22.1. Flaw Detectors 16.22.2. Thickness Gauges 16.22.3. Ultrasonic Scanners 16.22.4. Others 16.23. Rest of South America Ultrasonic Testing Equipment Market Forecast, by Component 16.23.1. Hardware 16.23.2. Software 16.24. Rest of South America Ultrasonic Testing Equipment Market Forecast, by Technique 16.24.1. Conventional 16.24.2. Advanced 16.25. Rest of South America Ultrasonic Testing Equipment Market Forecast, by End-use Industry 16.25.1. Oil & Gas 16.25.2. Aerospace & Defense 16.25.3. Power Generation 16.25.4. Automotive 16.25.5. Manufacturing 16.25.6. Others 16.26. South America Ultrasonic Testing Equipment Market Attractiveness Analysis 16.26.1. By Product 16.26.2. By Component 16.26.3. By Technique 16.26.4. By End-use Industry 16.27. PEST Analysis 16.28. Key Trends 16.29. Key Development 17. Company Profiles 17.1. Market Share Analysis, by Company 17.2. Competition Matrix 17.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 17.2.2. New Product Launches and Product Enhancements 17.2.3. Market Consolidation 17.2.3.1. M&A by Regions, Investment and Applications 17.2.3.2. M&A Key Players, Forward Integration and Backward Integration 17.3. Company Profiles: Key Players 17.3.1. Olympus Corporation 17.3.1.1. Company Overview 17.3.1.2. Financial Overview 17.3.1.3. Product Portfolio 17.3.1.4. Business Strategy 17.3.1.5. Recent Developments 17.3.1.6. Company Footprint 17.3.2. Baker Hughes, LLC (a GE company) 17.3.3. Sonatest Ltd. 17.3.4. TecScan System Inc. 17.3.5. Ndt Systems Inc. 17.3.6. Cygnus Instruments Inc. 17.3.7. Amerapex Corporation 17.3.8. Zeal International 17.3.9. Ametek, Inc. 17.3.10. Eddyfi NDT Inc. 17.3.11. Russell Fraser Sales Pty Ltd 17.3.12. GE Measurement and Control 17.3.13. Intertek Group PKC 17.3.14. Institut Dr. Foerster 17.3.15. Mistras Group 17.3.16. Modsonic 17.3.17. Sonotron 17.3.18. Technology Design 17.3.19. Zetec, Inc. 18. Primary Key Insights