The U.S. nondestructive testing equipment market currently stands at $1.38 billion.
NORWALK, CT-The U.S. nondestructive testing (NDT) equipment market currently stands at $1.38 billion but is projected to grow at an average annual growth rate of 5.1%, reaching $1.77 billion by 2008, according to a report from Business Communications Company Inc. The report, RGB-177U Nondestructive Testing: An Expanding Market, states the potential market for nondestructive testing equipment continues to expand with emphasis on product quality, lean manufacturing, just-in-time inventory practices, and advances in nanomaterials and related manufacturing and testing.