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.
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Key Takeaways from the Market Study:
“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.
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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.
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Acoustic emission-based non-destructive testing (NDT) is a method that uses sound waves to detect material defects and structural weaknesses in various applications, including aerospace and infrastructure.
The compound annual growth rate (CAGR) is a useful measure that describes the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Multiple channel source location techniques are methods used in NDT that utilize several channels to enhance the accuracy and reliability of locating defects or malfunctions in materials.
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