Published on 16-May-2024

Effective Strategies for Company Growth in the NDT Market

Effective Strategies for Company Growth in the NDT Market

Table of Content

Overview of the NDT Market

The NDT market is a steadily escalating ecosystem that provides non-negotiable services and products in modern-day industries. According to a study by Fortune Business Insights in 2024, the market is projected to experience significant growth, with its value expected to surge from USD 15.78 billion in 2023 to USD 33.73 billion by 2030. 

This forecast is underpinned by a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period, highlighting the sector's robust expansion trajectory. Non-destructive testing techniques enable industries to proactively identify and rectify potential issues, thereby enhancing operational efficiency, minimising downtime, and ensuring compliance with regulatory standards.