Non Destructive Testing (NDT) Equipment Market - Forecast(2020 - 2025)
Product testing is an important part of a product’s value chain. This process has provided impetus to the test and measurement market for a long time. According to IndustryARC’s expert analysis on the test and measurement market, the revenue will grow with a noticeable compound annual growth rate (CAGR) of 4% during the forecast period of 2019-2025. A rapidly growing number of research institutes for testing a product before its release contributes to both destructive as well as non-destructive testing demand. Non-destructive testing is highly beneficial for products as it returns the product in the exact same condition as it was before undergoing testing. The non-destructive testing market will be driven by industries requiring methods of testing that can incite financial savings while enabling fruitful troubleshooting. During the forecast period of 2019-2025, the market will experience a normal growth with CAGR of 6.98%. In the year 2018, the market size was at $7.53 billion. NDT M...