Global Non-destructive (NDT) Testing Software Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. In non-destructive testing (NDT), parts, materials, or assemblies are examined, tested, or evaluated. Without affecting the product's usability or component, it investigates differences in attributes or discontinuities. NDT programme can digitalize various NDT workflow processes, such as operations for inspection, testing, and integrity evaluation. In addition to assisting organizations in completing more inspections and testing faster, it also reduces the need for paper forms, filing cabinets, and spreadsheets. The Non-destructive (NDT) Testing Software market is expanding because of factors such as increasing adoption of NDT in aerospace industry, high demand for NDT methodology in oil & gas and power industries.
The best structural, material, and strength requirements are set by the aircraft industry. Also, the method is known as non-destructive evaluation (NDE), non-destructive inspection (NDI), and non-destructive examination (NDE). Cracks, surface failure, and structural weakness all carry several concerns, including the possibility of deadly accidents and human casualties. according to a report by an Aviation Consulting Organization, in 2018, there were 0.3 fatal incidents involving large commercial aircraft for every million flights, and this number dropped to 0.18 for every million flights in 2019. These declining incidences indicates the adoption of NDT software in aerospace industry. Thus, rising aerospace industry in the region is fostering market growth. In addition, technological advancements in NDT technique and innovation and integration of artificial intelligence algorithm in software development is creating a lucrative growth to the market. However, high cost of non-destructive (NDT) testing software and lack of skilled & qualified personnel may hamper the market growth.
The key regions considered for the Global Non-destructive (NDT) Testing Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to advance aerospace industry, rising research and development industry as well as presence of key market players in the region. Whereas Europe is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising demand from end use industry, geographic expansion of key players.
Major market players included in this report are:
- YXLON International GmbH
- TWI
- Sonatest Ltd
- Mistras Group
- Eddyfi Technologies
- Spinnsol
- Olympus Ims
- Waygate Technologies (Baker Hughes Digital Solutions GmbH)
- Eclipse Scientific
- Zetec Inc.
Recent Developments in the Market:
- In April 2022, Eddyfi Technologies unveiled its eCommerce website, which was created to address the changing demands relating to the acquisition of cutting-edge NDT solutions. Users of the eCommerce site can compare models and options, including software versions and costs, using the site's user-friendly quotation configurator.
- In May 2021, an industrial inspection management platform called Floodlight Software has introduced time and expense management capabilities. Inspectors may now simply record, and track expenses associated with their assignments and projects thanks to the new Time and Expense Report module.
Global Non-destructive (NDT) Testing Software Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End Use Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Standard Software
- Customized Software
By End Use Industry:
- Oil and Gas
- Power and Energy
- Aerospace and Defense
- Automotive and Transportation
- Construction
- Other End-user Industries
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Non-destructive (NDT) Testing Software Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Non-destructive (NDT) Testing Software Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Non-destructive (NDT) Testing Software Market, by End Use Industry, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Non-destructive (NDT) Testing Software Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Non-destructive (NDT) Testing Software Market Dynamics
- 3.1. Non-destructive (NDT) Testing Software Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Adoption of NDT in Aerospace Industry
- 3.1.1.2. High Demand for NDT Methodology in Oil & Gas and Power Industries
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Non-destructive (NDT) Testing Software
- 3.1.2.2. Lack of Skilled & Qualified Personnel
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological Advancements in NDT Technique
- 3.1.3.2. Innovation and Integration of Artificial Intelligence Algorithm in software development
Chapter 4. Global Non-destructive (NDT) Testing Software Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Non-destructive (NDT) Testing Software Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Non-destructive (NDT) Testing Software Market by Type, Performance - Potential Analysis
- 6.3. Global Non-destructive (NDT) Testing Software Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Non-destructive (NDT) Testing Software Market, Sub Segment Analysis
- 6.4.1. Standard Software
- 6.4.2. Customized Software
Chapter 7. Global Non-destructive (NDT) Testing Software Market, by End Use Industry
- 7.1. Market Snapshot
- 7.2. Global Non-destructive (NDT) Testing Software Market by End Use Industry, Performance - Potential Analysis
- 7.3. Global Non-destructive (NDT) Testing Software Market Estimates & Forecasts by End Use Industry 2019-2029 (USD Billion)
- 7.4. Non-destructive (NDT) Testing Software Market, Sub Segment Analysis
- 7.4.1. Oil and Gas
- 7.4.2. Power and Energy
- 7.4.3. Aerospace and Defense
- 7.4.4. Automotive and Transportation
- 7.4.5. Construction
- 7.4.6. Other End-user Industries
Chapter 8. Global Non-destructive (NDT) Testing Software Market, Regional Analysis
- 8.1. Non-destructive (NDT) Testing Software Market, Regional Market Snapshot
- 8.2. North America Non-destructive (NDT) Testing Software Market
- 8.2.1. U.S. Non-destructive (NDT) Testing Software Market
- 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End Use Industry breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Non-destructive (NDT) Testing Software Market
- 8.3. Europe Non-destructive (NDT) Testing Software Market Snapshot
- 8.3.1. U.K. Non-destructive (NDT) Testing Software Market
- 8.3.2. Germany Non-destructive (NDT) Testing Software Market
- 8.3.3. France Non-destructive (NDT) Testing Software Market
- 8.3.4. Spain Non-destructive (NDT) Testing Software Market
- 8.3.5. Italy Non-destructive (NDT) Testing Software Market
- 8.3.6. Rest of Europe Non-destructive (NDT) Testing Software Market
- 8.4. Asia-Pacific Non-destructive (NDT) Testing Software Market Snapshot
- 8.4.1. China Non-destructive (NDT) Testing Software Market
- 8.4.2. India Non-destructive (NDT) Testing Software Market
- 8.4.3. Japan Non-destructive (NDT) Testing Software Market
- 8.4.4. Australia Non-destructive (NDT) Testing Software Market
- 8.4.5. South Korea Non-destructive (NDT) Testing Software Market
- 8.4.6. Rest of Asia Pacific Non-destructive (NDT) Testing Software Market
- 8.5. Latin America Non-destructive (NDT) Testing Software Market Snapshot
- 8.5.1. Brazil Non-destructive (NDT) Testing Software Market
- 8.5.2. Mexico Non-destructive (NDT) Testing Software Market
- 8.5.3. Rest of Latin America Non-destructive (NDT) Testing Software Market
- 8.6. Rest of The World Non-destructive (NDT) Testing Software Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. YXLON International GmbH
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. TWI
- 9.2.3. Sonatest Ltd
- 9.2.4. Mistras Group
- 9.2.5. Eddyfi Technologies
- 9.2.6. Spinnsol
- 9.2.7. Olympus Ims
- 9.2.8. Waygate Technologies (Baker Hughes Digital Solutions GmbH)
- 9.2.9. Eclipse Scientific
- 9.2.10. Zetec Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption