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The global non-destructive testing (NDT) services market revenue in 2020 is $8,865.9 million and is expected to grow at a compound annual growth rate (CAGR) of 3.2% between 2020 and 2025.
North America (NA) is the biggest market for NDT services, holding 32.4% of the global revenue. The Asia-Pacific (APAC) region is expected to witness the highest CAGR of 3.6% between 2020 and 2025. NA, however, is likely to continue being the biggest revenue contributor by 2025, with 32.2% of the global revenue share.
The ultrasonic testing technology is the most in use, with revenue of $3,874.4 million in 2020, and is expected to continue holding the majority revenue share during the forecast period. Radiography is the other more popular technique, comprising 25.8% of the market share in 2020, and is set to record a 3.1% CAGR between 2020 and 2025.