The Asia Pacific NDT and Inspection Market would witness market growth of 11.2% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific NDT and Inspection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,662 million by 2030. The Japan market is registering a CAGR of 10.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.9% during (2023 - 2030).
Non-destructive testing (NDT) and inspection are pivotal in ensuring materials, components, and structures' safety, reliability, and integrity across various industries. As industries continue to advance, the need for robust testing methodologies to assess the quality and performance of critical assets becomes increasingly paramount. The market, fueled by technological advancements and a growing emphasis on quality assurance, has witnessed significant evolution and expansion.
Additionally, the adoption of NDT technologies has become widespread across industries, driven by the imperative to prevent failures, enhance operational efficiency, and comply with stringent regulatory standards. Industries such as aerospace, oil and gas, automotive, manufacturing, and construction have integrated NDT into routine maintenance and quality control processes. The growing recognition of the cost-effectiveness and non-invasiveness of NDT methods has contributed to their widespread acceptance.
According to Invest India, the country's automotive sector is valued at over $222 billion and accounts for 35% of the Manufacturing GDP. The automotive industry produced a combined 22.93 million vehicles between April 2021 and March 2022. This figure includes passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles. India occupies a prominent position in the international heavy vehicle sector due to its global leadership roles as the foremost producer of tractors, the second-largest producer of buses, and the third-largest producer of heavy trucks. Hence, the rising automotive sector and infrastructure development in the Asia Pacific will lead to increased demand in the regional market.
Free Valuable Insights: The Global NDT and Inspection Market is Predict to reach USD 21.3 Billion by 2030, at a CAGR of 10.4%
Based on Offering, the market is segmented into Services (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services) and Technique (Ultrasonic Testing (UT), Magnetic Particle Testing (MPT), Radiographic Testing (RT), Acoustic Emission Testing (AET), Visual Testing (VT), Liquid Penetrant Testing (LPT) and Eddy-Current Testing (ECT)s). Based on Vertical, the market is segmented into Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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