The major demand for ultrasonic non-destructive testing (NDT) equipment is expected to arise from the automotive, transportation, and power generation sectors, due to the increasing use of ultrasonic technology to maintain high-quality standards.APAC is expected to account for the highest market share in the global ultrasonic NDT equipment market. The region is expected to achieve this position mainly because of the growth in the infrastructure and power sectors in the region.The rise in air traffic has led to an increase in the demand for aircraft especially from emerging economies such as China, India, and Indonesia. Aircraft are tested using ultrasonic NDT equipment to assure safety and maintain the quality standards. Therefore, the growth in demand for aircraft is expected to propel the demand for ultrasonic NDT equipment.This report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for the period 2015-2020.

PART 01: Executive summary 6

Highlights 6

PART 02: Scope of the report 7

Market overview 7

Top vendor offerings 9

PART 03: Market research methodology 10

Research methodology 10

Economic indicators 10

PART 04: Introduction 11

Key market highlights 11

PART 05: Market landscape 13

Market overview 13

Market size and forecast 14

Five forces analysis 18

PART 06: Market segmentation by end-user 19

Market overview 19

Oil and gas industry 20

Power generation 23

Aerospace and defense sector 30

Automotive and transportation industry 32

PART 07: Geographical segmentation 36

Market overview 36

North America 37

Europe 39

APAC 40

PART 08: Market drivers 42

Expanding aerospace and defense sector 42

Growth in wind energy market 44

Emergence of new avenues for natural gas market 46

PART 09: Market challenges 49

Necessity for price-sensitive and multiple technology

solutions 49

Lack of skilled manpower 50

Approval of different standards to use new technology 50

Rise in pipeline sabotage threats 50

PART 10: Impact of drivers and challenges 52

PART 11: Market trends 53

Ultrasonic testing for case-hardened components and

laser-welded tailored blanks 53

Growth in electrical vehicle sales 54

Use of phased array equipment in lieu of radiography 57

Miniaturization and need for customization of ultrasonic

NDT equipment 57

PART 12: Vendor landscape 59

Competitive scenario 59

Other prominent vendors 59

PART 13: Key vendor analysis 61

GE Inspection Technologies 61

Olympus 62

Sonatest 64

PART 14: Appendix 66

List of abbreviations 66

PART 15: Explore Technavio 67