Market reports indicate healthy growth in NDT and CM sectors
10/08/2016
A number of market research reports have recently been released indicating the prospect of significant growth in the NDT, condition monitoring and related technology industries over the next five years.Research and Markets has published global reports yielding the following interesting conclusions:
- The global market for ultrasonic equipment should reach $54.5 billion by 2021, from $31.6 billion in 2016, at a compound annual growth rate (CAGR) of 11.5% during this period
- The global industrial radiography equipment market is estimated to grow at a CAGR of 8.71% during the period 2016-2020
- Analysts forecast the global machine condition monitoring market to grow at a CAGR of 4.02% during the period 2016-2020.
The ultrasonics report provides:
- An overview of the global markets for ultrasonics and related technologies and products
- Analyses of global market trends, with data from 2015, estimates for 2016 and projections of CAGRs through to 2021
- Identification of viable technology drivers through a comprehensive look at various platform technologies for new and existing ultrasound products and application markets
- An evaluation of ultrasonic market opportunities to help develop targeted promotion plans
- Information on market player initiatives attempting to meet market demand for various types of ultrasonic products
- Profiles of major companies in the industry.
- Film-based radiography equipment
- Digital radiography equipment (direct radiography, computed radiography and computed tomography)
- Associated software
- Component sales for radiography equipment
- After-sales services.
- Hardware
- Software, software licenses and the renewal of software licenses
- Upgrades of existing solutions.
