The automated ultrasonic testing market may gain good growth on the back of the advanced features across diverse end-users. Scrutinized inspection data in a reduced timeframe is a prominent benefit of automated ultrasonic testing. All these factors may bring expansive growth prospects for the automated ultrasonic testing market during the forecast period of 2020-2030.
Automated ultrasonic testing is used across various applications such as aerospace and defense, healthcare, manufacturing, construction, oil and gas, and others. In the context of equipment, the automated ultrasonic testing market can be classified into thickness gauges, imaging systems, flaw detectors, bond testers, industrial scanner tube inspection systems, and transducers and probes.
This report on the automated ultrasonic testing market provides information to the stakeholder through the R.O.C.K (Regional Prospects. Overview. Competitive Dimensions. Key Trends) mechanism. This mechanism covers all the major prospects that are growth-worthy for the automated ultrasonic testing market and helps the stakeholder to gain rock-solid insights.
The information included in this report has been designed after a scrutinized analysis on a variety of factors by an expert team of researchers. The report also offers insights into the COVID-19 impact on the automated ultrasonic testing market and the prominent threats that the automated ultrasonic testing market may face between 2020 and 2030.
Manufacturers in the automated ultrasonic testing market are trying to develop testing systems that can detect the smallest flaws within a short span. The players in the automated ultrasonic testing market are building the testing systems in tandem with the latest technological upgrades. Efficient damage mechanisms to detect areas of active corrosion, wall-thinning, and erosion are also being inculcated to increase revenue. The players are also recruiting skilled manpower to develop state-of-the-art automated ultrasonic testing systems.
Mergers, acquisitions, collaborations, joint ventures, and collaborations also form an important component of the automated ultrasonic testing market. These activities assist competitors to establish clout among other players. Attractive advertising campaigns combined with perfect business strategies aids in forming the crux of the growth of the automated ultrasonic testing market.
Some well-established players in the automated ultrasonic testing market are FORCE Technology, Sentinel Integrity Solutions, Inc., MME Group, GE Measurement & Control Solutions, SHAWCOR, Applus+, Olympus Corporation, Ashtead Technology, and TÜV Rheinland.
The growing awareness about the benefits of automated ultrasonic testing systems over traditional testing systems is changing the growth dynamics of the automated ultrasonic testing market. Automatic ultrasonic testing systems don’t need inspector controls, unlike traditional ultrasonic testing systems. Furthermore, automated ultrasonic testing systems also enable in-service equipment inspection even at high temperatures. This aspect brings exceptional growth opportunities. These systems are cost-effective and have outstanding accuracy in detecting flaws and errors.
Escalating investments in novel onshore oil and gas projects across various countries may further assist in improving the growth rate of the automated ultrasonic testing market. Surging investments in the construction industry may also prove to be a prominent growth generator for the automated ultrasonic testing market.
North America may emerge as a champion in terms of regional contribution. A developed oil and gas industry is expected to bring expansive growth opportunities for the automated ultrasonic testing market during the assessment period of 2020-2030.
Europe may also observe prominent growth across the forecast period due to rising investments in the oil and gas industry across various countries. Latin America is expected to display considerable growth on the back of supportive government initiatives in regard to the oil and gas segment. Asia Pacific may record substantial growth owing to the rising public infrastructure projects across India and China.
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