1 Executive Summary 8
1.1 Key Market Highlights 9
2 Market Dynamics 10
2.1 Introduction 10
2.2 Drivers 11
2.2.1 Expanding aerospace and defense sector 11
2.2.2 Growth in wind energy market 12
2.2.3 Emergence of new avenues for natural gas market 14
2.3 Challenges 15
2.3.1 Necessity for price-sensitive and multiple-technology solutions 15
2.3.2 Lack of skilled manpower 15
2.3.3 Approval of different standards to use new technology 15
2.3.4 Rise in pipeline sabotage threats 15
2.4 Market Trends 16
2.4.1 Growth In Electrical Vehicle Sales 16
2.4.2 Use of Phased Array Equipment in Lieu of Radiography 18
2.4.3 Miniaturization and Need for Customization of Ultrasonic NDT Equipment 18
2.4.4 Ultrasonic Testing for Case-Hardened Components and Laser-Welded Tailored Blanks 18
2.5 Porter's Five Forces Analysis 18
2.5.1 Introduction 18
3 Ultrasonic NDT Equipment Market, By End-User 20
3.1 Introduction 20
3.2 Oil & Gas Industry 21
3.3 Power Generation 23
3.4 Aerospace and defense sector 28
3.5 Automotive and Transportation industry 30
3.6 Others 31
4 Ultrasonic NDT Equipment Market, By Region 33
4.1 Introduction 33
4.2 North-America 34
4.3 Europe 36
4.4 Asia-Pacific 38
4.5 Rest of the World 41
5 Company Profile 43
5.1 Competitive Scenario 43
5.1.1 Other Prominent Vendors 44
5.2 Key Vendor Analysis 45
5.2.1 GE Inspection Technologies 45
5.2.1.1 Overview 45
5.2.1.2 Product/Services Offering 45
5.2.1.3 Strategy 46
5.2.1.4 SWOT Analysis 46
5.2.2 Olympus Corporation 48
5.2.2.1 Overview 48
5.2.2.2 Product/Services Offering 48
5.2.2.3 Strategy 49
5.2.2.4 SWOT Analysis 49
5.2.3 Sonatest 51
5.2.3.1 Overview 51
5.2.3.2 Product/Services Offering 51
5.2.4 Danatronics 52
5.2.4.1 Overview 52
5.2.4.2 Product/Services Offering 52
5.2.5 Eddyfi 53
5.2.5.1 Overview 53
5.2.5.2 Product/Services Offering 53
5.2.6 James Instruments 54
5.2.6.1 Overview 54
5.2.6.2 Product/Services Offering 54
5.2.7 NDT Systems 55
5.2.7.1 Overview 55
5.2.7.2 Product/Services Offering 55
5.2.8 PaR Systems 57
5.2.8.1 Overview 57
5.2.8.2 Product/Services Offering 57
5.2.9 Qualitest International 58
5.2.9.1 Overview 58
5.2.9.2 Product/Services Offering 58
5.2.10 Trinity NDT 59
5.2.10.1 Overview 59
5.2.10.2 Product/Services Offering 59
6 Scope of the Report 60
6.1 Market overview 60
6.2 Scope of the Study 60
6.3 Assumptions 60
6.4 Market Structure 60
6.5 Top Vendor Offerings 61
7 Market Research Methodology 63
7.1 Research Process 63
7.2 Primary Research 64
7.3 Secondary Research 64
7.4 Market Size Estimation 64
7.5 Forecast Model 65
8 Appendix 66
8.1 List of abbreviations 66