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ID: MRFR/SEM/32201-HCR | 128 Pages | Author: Aarti Dhapte| July 2025

Report Attribute/Metric Details
Market Size 2024 USD 2.44 Billion
Market Size 2025 USD 2.57 Billion
Market Size 2034 USD 4.85 Billion
Compound Annual Growth Rate (CAGR) 5.25% (2025-2034)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2024
Market Forecast Period 2025-2034
Historical Data 2020-2023
Market Forecast Units USD Billion
Key Companies Profiled Sonatest, Ametek, Olympus Corporation, Yxlon International, Zetec, Honeywell, FCT Assembly, General Electric, Ashtead Technology, Mistras Group, NDT Global, Magnetic Analysis Corporation, Gage Bilt, Siemens, Eddyfi Technologies
Segments Covered Technology, Application, End Use, Method, Regional
Key Market Opportunities Increasing demand for pipeline inspection, Adoption in aerospace manufacturing, Growth in automotive safety regulations, Advancements in equipment technology, Rising focus on infrastructure maintenance
Key Market Dynamics Technological advancements, Increasing industrial applications, Stringent regulatory standards, Growing demand for safety, Rising investment in infrastructure
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Electromagnetic NDT Market is expected to be valued at 4.85 USD Billion by 2034.

The Electromagnetic NDT Market is projected to grow at a CAGR of 5.25% from 2025 to 2034.

North America is anticipated to hold the largest market share, valued at 1.45 USD Billion in 2032.

Eddy Current Testing was valued at 0.75 USD Billion in 2023.

Magnetic Particle Testing is expected to reach a market size of 1.0 USD Billion by 2032.

Key players include Sonatest, Ametek, Olympus Corporation, and General Electric, among others.

The North American market for Electromagnetic NDT is valued at 0.92 USD Billion in 2023.

Electromagnetic Imaging is projected to be valued at 0.75 USD Billion by 2032.

The market presents opportunities for growth driven by advancements in technology and increasing applications across various industries.

Challenges include the need for skilled professionals and the high cost of advanced NDT technologies.

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