According to a new report of "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), & Geography (North America, Latin America, Europe, Asia-Pacific, Middle-East) - Forecast & Analysis 2014-2020" published by MarketsandMarkets, the market is estimated to grow at a CAGR of 3.5% to reach $1720.96 Million by 2020.
Nondestructive testing is testing of objects for their flaws and imperfections in accordance with some standard norms. The stringent government safety regulations in the aerospace and defense industry and commercial industry will drive the growth of NDT market. Rapid infrastructural development in developed as well as developing economies has fuelled in the growth of the NDT market.