Market Size (2017)
2017
$957.70M
Vertical: SEMIBase Year: 20189 Sections
Market Size (2017)
2017
$957.70M
Projected (2025)
2025
$1.63B
CAGR (2017–2025)
6.9%
6.9%Key Players
100+
The advent of urbanization across the globe has led to the advancement in various manufacturing industries including automotive, infrastructure, oil & gas, power & utilities, aerospace & defense, and others, in terms of technology, equipment, and systems. Various manufacturing companies across the globe use non-destructive testing (NDT) equipment for inspecting the quality of the product and for analyzing the flaws within the material or a product. Ultrasonic NDT is a type of non-destructive technique which uses sound waves to detect cracks and defects within the product parts and materials. Various equipment and systems are available in the market that are used in the ultrasonic NDT method that includes flaw detectors, thickness gauges, transducers, and scanners.
The global ultrasonic NDT equipment market registered a market value of USD 1010.8 million in 2018 and is expected to grow at a CAGR of 7.31% during the forecast period of 2019—2025. There are various factors driving the growth of the market across the globe such as developments in infrastructure and increasing awareness about the inspection and quality of materials across industries. One of the major factors driving the growth of the market is the rising demand of the ultrasonic NDT in the aerospace and defense industry as this equipment allows the individual to inspect the flaws and imperfections in the components which reduces the risk of any mishappening or accident resulting in improvements in safety. Additionally, the increasing investments in renewable energy generation have increased as compared to the previous decades which requires advanced and reliable methods for inspecting the products and parts before the installation. These methods are also used for inspection of the overall infrastructure of the wind turbine for the weld inspection to wall thickness measurement and also for the detection of discontinuities including inclusions, invisible cracks, voids and other discontinuities in metals, plastics, ceramics, and composites. The ultrasonic NDT equipment is used to inspect the damage within the wind turbine blades; this method also reveals flaws quickly, reliably, and effectively.
According to the MRFR analysis, the global ultrasonic NDT equipment market has been segmented based on testing method, vertical, and region. Based on the testing method, the global ultrasonic NDT equipment has been segmented into flaw detectors, thickness gauges, transducers & probes, industrial scanners, inspection systems, and others. The flaw detectors segment accounted for the largest market share of 28.8% in 2018 and is expected to grow at a CAGR of 8.23% during the forecast period of 2019—2025. Ultrasonic flaw detectors are commonly used for detecting the flaws, defects, or anomalies within the material and are also capable of measuring cracks, inclusion, discontinuities, voids, and porosity. These detectors are used in the inspection of infrastructure, tanks, pipes, and others as well as for weld inspection. Based on vertical, the market has been segmented into automotive, power & utilities, oil & gas, aerospace & defense, infrastructure, and others. The oil & gas segment accounted for the largest share with a share of 25.6% in 2018, this is due to their capability to efficiently inspect cladding, welds, pipes, and risers for cracks, resulting in the reduction of major failures in refineries, storage, critical oil extraction, and delivery systems. Ultrasonic testing equipment enables the companies to generate returns on investment by preventing revenue losses and the risk of liability while helping to increase asset uptime.
Based on region, North America accounted for the largest share with 32.2% in the market. This is due to the presence of various major players such as GE Inspection Technologies, Danatronics Corporation, and James Instruments offering a broad range of equipment for detecting the flaws within a material or part. Moreover, the rapid advancements in technology and rising developments in the infrastructure across the region are some of the factors driving the market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2019—2025 owing to increasing investments by the governments of various countries such as China, Japan, India and the rest of Asia-Pacific for the development of the infrastructure and increasing installation of wind turbines across the region.
The Ultrasonic NDT equipment market Market market is projected to grow at a CAGR of 6.9% from 2017 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Size (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansUltrasonic testing is a type of volumetric non-destructive testing that inspects and defines the thickness and structure of products or materials to be tested using high-frequency sound waves. The inspection reveals the flaws in the manufacturing process in various sectors such as aerospace & defense, automobile, and energy & power. Ultrasonic testing primarily uses frequencies ranging from 500 kHz to 20 MHz. Some of the applications of ultrasonic testing include inspection of wall thickness measurement gaps and detection of invisible cracks and discontinuities in metals. This type of testing is used for inspection of metals, plastics, composites, and ceramics, among other materials.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription Plans1.1.1 Threat of New Entrants
New players can enter the global ultrasonic NDT market in a number of ways—companies that manufacture components for ultrasonic NDT equipment have a greater advantage to enter the market as they are directly associated with the manufacturing of the final product. Technology providers can also act as the new entrants in the market. Apart from these, mergers and acquisitions and product diversification by other companies could also lead to the entry of new players in the market. However, inaccurate detection of discontinuities can lead to system failure and downtime, thereby increasing operational costs; thus, the development of ultrasonic NDT equipment requires technical expertise which is available only to the current players. Also, the initial capital investment is high, which increases the barriers to enter the market. Hence, from the viewpoint of end-to-end manufacturers, the threat of new entrants is estimated to be moderate.
1.1.2 Bargaining Power of Suppliers
The bargaining power of suppliers in the ultrasonic NDT equipment market is considered to be high. Suppliers in this market include the manufacturers of various electronic components that are integrated to develop ultrasonic NDT equipment. The ultrasonic NDT equipment manufacturers either manufacture these components in-house or procure them from other companies. Moreover, the costs incurred in the procurement of these components across vendors is slightly differentiated which negatively impacts the bargaining power of suppliers. Also, the high technical expertise required for the manufacturing of these equipment limits the number of component suppliers in the market. Thus, the existing players dominate the market as they already own a strong supply chain. Considering all the aforesaid facts, the suppliers’ power from the viewpoint of manufacturers is projected to be moderate during the forecast period.
1.1.2 Threat of Substitutes
The threat of substitutes in the global ultrasonic NDT equipment market is expected to be low during the forecast period. Over the years, ultrasonic testing has become a better alternative for radiography testing as this method tends to efficiently detect planar and volumetric flaws when compared with radiography testing. Moreover, ultrasonic testing neither emits radiation nor generates any chemical or waste material, unlike radiography testing. It has also been accepted as a replacement for radiography by major organizations such as the American Society of Mechanical Engineers (ASME) and the American Petroleum Institute (API). Hence, the ultrasonic non-destructive testing is not expected to be replaced by any other testing method in the near future.
1.1.3 Bargaining Power of Buyers
The buyers of ultrasonic NDT equipment comprise numerous small- and medium-scale manufacturers as well as large manufacturers from a number of industry verticals including automotive, power & utilities, oil & gas, aerospace & defense, infrastructure, manufacturing, marine & maritime, mining & metals, food & beverages, and plastic & paper. The buyers have multiple options to choose between the manufacturers of ultrasonic NDT equipment. These buyers primarily focus on the brand and the technology integrated in the testing equipment. Apart from these, the technically upgraded product also acts as a major factor affecting the buying decision. Due to the aforesaid reasons, the buyers’ power to bargain is expected to be high.
1.1.4 Intensity of Rivalry
The rivalry between the existing players in the global ultrasonic NDT equipment market is projected to be high. The market is expected to register significant growth during the forecast period along with intense competition among the existing players in the market. The market players are focused on continuously providing start-of-the-art equipment to their customers. This has encouraged them to invest more in research and development to innovate and upgrade their existing product line of ultrasonic NDT equipment. Moreover, these manufacturers are developing policies to penetrate in different geographies by partnering with local and regional vendors of ultrasonic NDT equipment.
Market estimates by geography (2025)
InsightNorth America leads with $545.52M by 2025, while Asia Pacific is projected to grow fastest at a 8.5% CAGR.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $306.85M | $396.29M | $545.52M | 7.5% | 33% |
| Asia Pacific | $228.51M | $306.54M | $438.31M | 8.5% | 27% |
| Europe | $249.19M | $299.52M | $383.73M | 5.5% | 23% |
| Rest of the World | $173.15M | $209.43M | $266.71M | 5.5% | 16% |
| Total | $957.70M | $1.21B | $1.63B | 6.9% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansTotal Market Size
$1.63B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Flaw detectors | $489.46M | 6.9% | 89% |
| Inspection systems | $344.34M | 6.9% | 77% |
| Transducers & probes | $323.31M | 6.9% | 85% |
| Others | $202.40M | 6.9% | 53% |
| Thickness gauges | $153.73M | 6.9% | 54% |
| Industrial scanners | $121.03M | 6.9% | 47% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSee plans for professionals or small and medium businesses.

Analytical insights on Ultrasonic NDT equipment market Market covering market dynamics, competitive landscape, and strategic outlook.
The Ultrasonic NDT equipment market Market market is projected to reach $1.63B by 2025, growing at 6.9% CAGR. The Flaw detectors segment holds the largest share.
The global ultrasonic NDT equipment market is highly dynamic and is expected to register stable growth over the forecast period. The growth of the ultrasonic NDT equipment market is influenced by certain factors such as the expansion in the aerospace & defense and wind energy sectors and emergence of new avenues for the natural gas market. Furthermore, growth in electric vehicle sales and the use of array equipment in radiography are the factors expected to boost the growth of the market over the forecast period. However, high cost of training and lack of skilled manpower and a rise in pipeline sabotage threats are the factors hindering the growth of the global ultrasonic NDT equipment market.
Ultrasonic NDT equipment is used extensively in the aerospace and defense sector to detect flaws and imperfections in the components. The ultrasonic NDT equipment is used during the manufacturing process of the aircraft. Factors such as safety, reducing tolerance to disruption, low emission targets, and innovative materials have increased the demand for non-destructive testing techniques in the aircraft. Some of the majorly used techniques for ultrasonic NDT include straight beam inspection, immersion testing, and phased array inspection. The defense sector has shown growth due to the increasing focus on strengthening the nation’s military and the rising global tension, which, in turn have fuelled demand for military products in the Middle East, East Europe, and South China.
The growth in the commercial aviation sector has been stable majorly due to relatively low crude oil prices and increasing number of travellers in Asia-Pacific. Major aerospace and aviation companies and suppliers such as Boeing, General Electric, Lockheed Martin, and Moeller are among the prime users of ultrasonic NDT equipment for ensuring high reliability and proper reception of non-destructive testing and inspection services for their safety-critical components. On the other hand, aircraft manufacturers use ultrasonic NDT equipment to ensure the quality of materials and their proper assembly. The manufacturers generally use ultrasonic NDT equipment to detect defects in a material component such as welding defects, joint defects, and adhesive bond quality. There has been a steady increase in global aircraft production in recent years, which has subsequently increased the need for ultrasonic NDT equipment. The figure below portrays the shipment of general aviation airplanes in the last ten years.
With a rising focus on energy efficiency, renewable energy, and reduction of CO2 emissions in the environment, the demand for expert workers is high. Lack of skilled manpower is one of the factors restraining the growth of the ultrasonic NDT equipment market. Few of the companies in Africa and Asia-Pacific are reluctant to realize the importance of leveraging ultrasonic NDT equipment to fuel growth. For instance, according to the Canadian Institute of NDE, the country has a lack of skilled inspectors for non-destructive testing. The skill shortage is related to knowing how to perform the inspection and how to interpret and analyze the data collected. If in any case, the equipment is unable to operate properly, defects may occur.
An increase in defects leads to decreased efficiency, which, in turn, incurs a high cost to the company over a short period. Repairing this equipment is complex and requires highly skilled personnel and specialized tools. Thus, solving technical complexities requires high training costs. Moreover, miniaturization and numerous solder joint complicate the process of ultrasonic NDT equipment. Another factor contributing to the shortage of skilled manpower is due to the lack of training available. These factors are expected to impact the price of ultrasonic NDT equipment over a forecast period. Therefore, quality manpower in countries such as Canada, India among others hampering the growth of the market.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 100 companies operating in the Ultrasonic NDT equipment market Market market, including revenue, employee count, and market positioning where available.
Showing 100 of 100 companies
Wyze Labs, Inc.
Company Headquarters: United States Founded: 2017 Workforce: ~123 Company Working: Wyze Labs, Inc. is a company that specializes in creating and producing smart home gadgets, including but not limited to cameras, smart locks, and other home automation products. The company has gained widespread popularity due to its affordable yet highly functional and convenient smart home devices. Wyze's products are designed to cater to a wide range of consumers and are competitively priced compared to other smart home gadgets available in the market. Wyze's product line encompasses indoor and outdoor home security cameras, video doorbells, smart locks, and other home automation products. Users can enjoy features such as two-way audio, motion detection, and integration with smartphone apps, allowing them to remotely monitor their homes and effortlessly manage their smart home devices.
LEVEL HOME INC
Company Headquarters: United States Founded: 2016 Workforce: ~50 Company Working: LEVEL HOME INC.(Level) is a technology company specializing in designing and manufacturing smart locks and other home automation products. Level is focused on providing users with high security and convenience through its smart lock products. The company's flagship product, the Level Lock, is a smart lock installed on existing deadbolts, allowing users to keep their current keys and lock hardware while upgrading to a smart lock. The Level Lock features touch-to-open technology, remote access, and voice control, making it a convenient and secure way to control access to your home. In addition to its smart lock products, Level Home Inc. also offers a range of other home automation products, including the Level Touch, a smart lock that replaces the existing door handle, and the Level Bolt, a retrofit smart lock that can be installed on the inside of the door.
Bosma
Company Headquarters: California Founded: 2015 Workforce: ~500 Company Working: Bosma. is a company that specializes in the design and manufacture of smart locks with a focus on accessibility for people with vision loss. The company adopts the principles of universal design in developing its products to ensure that they are usable by people of all abilities. Bosma's smart locks come with a range of features that make them accessible to people with vision loss, such as audible feedback, voice commands, and Braille keypads. By providing these features, Bosma's smart locks enable people with vision loss to lock and unlock their doors independently, enhancing their sense of security and independence. The locks are user-friendly and provide a high level of security, making them a valuable tool for people with vision loss.
U-TEC Group Inc
Company Headquarters: United States Founded: 2013 Workforce: ~25 Company Working: U-TEC Group Inc specializes in developing and manufacturing smart locks and security systems for residential and commercial properties. The company was established in 2015 and has since been offering a wide range of smart locks that utilize diverse technologies, such as Bluetooth, Wi-Fi, and fingerprint recognition, which enable users to manage access control from their mobile devices. Among the features of U-TEC smart locks are temporary access codes, remote access, biometric recognition, and keyless entry. In addition to its smart locks, U-Tec provides other security products like alarm systems, video cameras, and doorbells. The company's products are user-friendly and easy to install, with intuitive controls and interfaces.
HavenLock, Inc.
Company Headquarters: United States Founded: 2014 Workforce: ~50 Company Working: HavenLock, Inc. is at the forefront of providing secure access control and security solutions through the cloud. Company caters to clients in various fields, including commercial real estate, healthcare, education, and manufacturing. The HavenLock system utilizes cutting-edge encryption technology to securely manage physical keys, keycards, badges, and mobile credentials. This offers customers more control, accountability, and visibility into who has access to their assets and facilities. Besides reducing costs and improving compliance, HavenLock's solutions also help mitigate risk. HavenLock has a team of experts in security and technology who have leveraged years of experience to design an advanced yet user-friendly platform for customers. Additionally, with HavenLock's responsive 24/7 customer support team, clients can be assured of receiving prompt assistance. The HavenLock cloud platform operates on Amazon Web Services and integrates with leading vendors' electronic access control systems. Furthermore, HavenLock's API and open architecture enable businesses to integrate with other systems seamlessly they may use.
Master Lock Company LLC.
Company Headquarters: United States Founded: 1921 Workforce: ~7,500 Company Working: Master Lock Company LLC. is a global leader in the development and manufacturing of security products, including padlocks, combination locks, and other security solutions. Master Lock's product line includes a wide range of padlocks, safety lockout devices, digital locks, and other security solutions for residential, commercial, and industrial use. The company has a strong reputation for quality and durability, and its products are widely used in schools, hospitals, airports, and other high-security environments. In addition to its core product offerings, Master Lock provides services, including key cutting, lock repair, and customized security solutions for specific customer needs. The company is committed to innovation and strongly focuses on research and development to stay ahead of evolving security threats. Master Lock is owned by Fortune Brands innovations, a leading home and security products company that also owns other well-known brands such as Moen, Therma-Tru Doors, and Fiberon Decking.
Powering the world's best teams.
From next-gen startups to established enterprises.
Trusted by forward-thinking businesses
for data-driven intelligence
Ultrasonic NDT equipment market Market