According to a new report of "Nondestructive Testing Market by Application, Technology, End user, & Geography - 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.
When it comes to ensuring that defects in welds are detected in an assembly line, nondestructive testing (NDT) is an essential tool. Without a means of assessing potential errors in welds, welding would be risky business.
Driven by immense pressure to improve productivity and reduce costs, the medical industry has transitioned to digital imaging and archiving over the past two decades. Seeing the benefits of this digital transition, other industries are now following suit, leveraging the technology pioneered and proven by the highly regulated medical imaging industry.