The global ultrasonic testing market was valued at USD 2,297.2 million in 2019 and is expected to grow from USD 1,954.4 million in 2020 to USD 8,920.67 million by 2032, reflecting a compound annual growth rate (CAGR) of 11.00% over the forecast period from 2020 to 2032. In 2019, North America led the market, accounting for a dominant share of 38.9%.
The ultrasonic testing market is experiencing significant growth due to increasing demand for non-destructive testing techniques across various industries such as manufacturing, aerospace, automotive, and oil & gas. Ultrasonic testing offers reliable and precise inspection capabilities, making it essential for ensuring structural integrity and safety. Advancements in testing technologies, coupled with rising awareness about quality control and safety regulations, are further driving market expansion. Additionally, the growing need for maintenance and inspection of aging infrastructure is expected to support long-term growth in the global ultrasonic testing market.
https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865
Ultrasonic testing has emerged as a pivotal technique in various industries, offering precise and non-destructive inspection capabilities. This article delves into the Ultrasonic Testing Market, shedding light on key players, segmentation, driving factors, and recent industry developments.