CHICAGO, April 12, 2021 /PRNewswire/ — According to the new market research report “Ultrasonic Testing Market with COVID-19 Impact by Type (Time-of Flight Diffraction, Immersion Testing), Equipment (Flaw Detectors, Imaging System, and Bond Testers), Service, Vertical, and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, the global Ultrasonic Testing Market size is estimated to grow from USD 3.0 billion in 2021 to USD 4.2 billion by 2026, growing at a CAGR of 7.1%. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are among a few major factors driving the NDT and inspection markets growth. The high adoption of IoT devices and rising need to assess aging assets health also propel the development of the ultrasonic testing market.
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“The ultrasonic testing (UT) technique to hold the largest share of the NDT and inspection market in 2021”
Ultrasonic testing is expected to account for the largest market share in 2021. It is presently the most popular ultrasonic testing technique owing to its ability to identify defects and determine their severity accurately. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can also be used for critical applications in the oil & gas and aerospace industries. Ultrasonic testing has evolved…