The Latin America, Middle East and Africa NDT and Inspection Market would witness market growth of 12.7% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA NDT and Inspection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $484.5 million by 2030. The Argentina market is showcasing a CAGR of 13.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.4% during (2023 - 2030).
The applications of NDT and inspection are diverse and encompass a broad spectrum of industries, each with unique requirements and challenges. In the aerospace sector, NDT is crucial for assessing the structural integrity of aircraft components and ensuring compliance with safety standards. In the oil and gas industry, NDT inspects pipelines, pressure vessels, and other critical equipment, safeguarding against potential failures that could have severe environmental and safety consequences.
Furthermore, in the automotive sector, NDT methods are utilized for quality control in manufacturing processes, detecting defects in components, and ensuring the reliability of vehicles. The construction industry relies on NDT to assess the condition of bridges, buildings, and infrastructure, preventing structural failures and ensuring long-term durability. These examples underscore the ubiquitous nature of NDT applications, emphasizing its indispensable role in maintaining the integrity of various assets.
Brazil has invested significantly in infrastructure projects, including roads, bridges, airports, and public facilities. As a result of the construction surge in these regions, rigorous quality control measures are required; therefore, NDT and inspection are essential for ensuring structural safety and integrity. As per the Agencia de Noticias of the Government of Brazil 2021, the construction sector generated R$377.8 billion in value in 2021, with R$355.8 billion in works and/or services and R$22.0 billion in developments, works, and/or services (5.8%). Thus, the increasing manufacturing activities and growth of the construction sector in LAMEA will assist in the expansion of the regional market.
Free Valuable Insights: The Worldwide NDT and Inspection Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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