Dallas, TX -- (ReleaseWire) -- 04/10/2014 -- RnRMarketResearch.com adds “Nondestructive Testing Market by Application (Dimensional Measurement, Flaw Detection, Leak Detection, Estimation Of Physical Properties, Chemical Composition Determination, Stress and Structure Analysis), Technology (Visual Testing, Magnetic Particle Testing, Electromagnetic Testing, Liquid Penetrant Testing, Radiography Testing, Ultrasonic Testing, Thermography Testing, Acoustic Emission Testing), End User (Aerospace and Defense Industry, Automotive Industry, Oil & Gas Industry, Infrastructure Industry, Power Generation) & by Geography – Forecasts & Analysis 2014 – 2020“ report to its research database.
The nondestructive testing market is estimated to grow at a CAGR of 3.5% to reach $1720.96million by 2020 .
Complete Report Available @ http://www.rnrmarketresearch.com/nondestructive-testing-market-by-application-dimensional-measurement-flaw-detection-leak-detection-estimation-of-physical-properties-chemical-composition-determination-stress-and-structure-analy-market-report.html .
NDT uses a number of techniques designed to test and measure various material and mechanical properties of an object without affecting its operating performance. The goal of NDT is to optimize safety, reliability, and cost-effectiveness and hence NDT plays a vital role in the aerospace and defense sector. Rapid industrialization and growing safety regulations by government on the aerospace and defense industry and other industries have fuelled the growth of the global NDT market. There is immense growth opportunity for NDT in other commercial sectors like automotive industry, oil & gas industry, infrastructure industry, and power generation.
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The report provides extensive global and individual market estimate and forecast with CAGRs and detailed analysis. The NDT market is segmented by application, technology, end user, and, geography. The report discusses the factors that drive and restrain the growth on this market. The report provides a glance on the trends in the NDT market. Company profiles and market share analysis state the competitive intelligence of the market.
The report provides a complete forecast and analysis of geographical regions like North America, Latin America, Europe, APAC, and the Middle-East.
North America and Europe are the largest market for NDT in 2014. APAC, and Latin America are the emerging growth markets for NDT.
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