The global acoustic emission-based NDT market is estimated to generate revenue worth US$ 307.5 million in 2024 and is thereafter forecasted to reach a value of US$ 477.6 million by the end of 2034. The market has been projected to rise at a 4.5% CAGR between 2024 and 2034.

The capabilities of acoustic emission-based NDT techniques are being improved by constant developments in sensor technology. The accuracy and dependability of these inspections are rising due to advancements in acoustic emission sensors, including increased sensitivity, enhanced signal processing, and better noise suppression. Acoustic emission-based NDT methods are becoming more efficient for critical applications such as infrastructure, nuclear power, aerospace, and others due to advancements in the identification of material defects, stress sites, and structural weaknesses.

The North American region is leading globally due to stringent safety and quality standards in several sectors, such as aerospace, defense, and oil & gas. Because of ongoing industrial expansion, the East Asian market is projected to grow at a noteworthy compound annual growth rate over the next ten years.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10366

Key Takeaways from the Market Study:

• The global market for acoustic emission-based NDT is projected to reach US$ 477.6 million by 2034.
• Demand for multiple channel source location techniques is forecasted to touch US$ 143.8 million by the end of 2034.
• North America is poised to account for a 35% share of the worldwide market in 2024.
• The market in the United States is analyzed to touch a valuation of US$ 119.1 million by 2034-end.
• Demand for acoustic emission-based NDT in South Korea is estimated at US$ 11.5 million in 2024 and is forecasted to reach US$ 21.5 million by 2034.
• Demand for acoustic emission-based NDT in East Asia is approximated to advance at 6.3% CAGR through 2034.
• Based on axis, the multi-axis linear motors segment is analyzed to account for a 59% market share by 2034.

“To strengthen or preserve their position in the market, prominent players are funding R&D to develop advanced acoustic emission-based NDT systems with superior features such as higher sensitivity, accuracy, and data analysis capabilities,” says a Fact.MR report

High Preference for Multiple Channel Source Location Technique

Multiple-channel source location techniques are in high demand compared to other methods because they offer enhanced accuracy and reliability when locating the source of defects or malfunctions. Several channels are used in this procedure to increase the sensitivity and spatial resolution of the testing process, which enables more accurate identification of issues with complex structures or materials.

To ensure performance and safety and to meet the requirements of thorough and accurate inspection, industries including aerospace, automotive, and infrastructure depend on this capability.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=10366

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the acoustic emission-based NDT market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on technique (multiple channel source location, linear location, zonal location, point location), axis (single-axis linear motors, multi-axis linear motors), detection method (sensors, piezoelectricity), and application (cranes, bridges, pipelines, pressure vessels, storage tanks, aircraft, bucket trucks), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Key Companies Profiled:

Parker Hannifin Ltd.; Score Atlanta; General Electric; Vallen Systeme GmBH; Cybernetix; KRN Services, Inc.; MISTRAS Group, Inc.; Arudra Engineers Pvt. Ltd.; Olympus Corporation; TechnipFMC; Cygnus Instruments; SPIE; Precision Aerospace Group; XCEL NDT.

Industry News:

In July 2024, the acquisition of 100% of SIRAC, ABC, and ETC leaders in non-destructive inspections and testing in the nuclear industry was announced by SPIE, the independent European leader in multi-technical services in the energy and communications sectors.

In March 2024, Precision Aerospace Group (PAG) acquired Aerofab NDT, a Kent, Washington-based business that designs customized non-destructive testing (NDT) instruments to protect the integrity of aerospace components. PAG is a top supplier of goods and value-added services to the aerospace, defense, and space industries.

In October 2023, the acquisition of XCEL NDT, a company that offers non-destructive testing services for vital infrastructure assets in the pipeline, general industrial, and petrochemical industries, was announced by Graycliff Partners.

Explore More Related Studies Published by Fact.MR Research:

The increase in electricity usage, along with advancements in smart grid technologies is expected to drive market growth. The market valued at USD 2,777 million in 2020, is projected to reach USD 3,665 million by 2025 and USD 7,076 million by 2035 reflecting a projected CAGR of 6.8%. Historically the market exhibited a CAGR of 5.4% demonstrating sustained expansion.

The global foldable drone market was valued at USD 2,790 million in 2024 and has been forecast to expand at a significant CAGR of 10.3% to end up at USD 8,202 million by 2035. The term foldable drone describes a drone that folds its wings mid-flight and passes through openings the size of a crack in a wall or half-open window.

The long range drone market was valued at USD 8,187 Million in 2024 and has been forecasted to expand at a noteworthy CAGR of 18.3% to end up at USD 53,020 Million by 2035. Long-Range drones also commonly known as advanced unmanned aerial vehicles (UAVs) are known for their fuel-efficient engines, high-capacity batteries, and advanced navigation systems.

The aeroderivative gas turbine market is projected to grow at a CAGR of over 6.9% over the forecast period. The market was valued at USD 3.6 billion in 2024. By 2035, it is expected that the aeroderivative gas turbine industry to be worth USD 7.4 billion.

The global Railroad Track Pan Market was valued at USD 242.4 million in 2024 and has forecasted to expand at a noteworthy CAGR of 6.1% to end up at USD 464.9 million by 2035.