INTRODUCTION / SUMMARY
The nondestructive testing (NDT) industry continues to change. The core NDT technologies are evolving in important ways and the applications in
which NDT is used are also changing rapidly. Many of the industries that have traditionally used NDT techniques continue to stagnate or decline, while
other industries that have only recently begun to use NDT techniques are expanding. In addition, a wave of consolidations and mergers is still
affecting the NDT industry.
The final effects of all these changes have yet to be felt. Understanding the possible implications and effects of these changes will be key to
success in the NDT industry through the turn of the century. This review attempts to identify the major industry movements and trends and to serve as
a guide for suppliers, manufacturers, and users of NDT techniques. Readers of this review will not only understand where the NDT industry is now, but
also where it is heading.
This review is one of the few to detail new, emerging NDT technologies in the context of the overall nondestructive testing market. This review
gives readers an opportunity to learn about extremely up-to-date, cutting-edge technologies. In addition, the latest business developments and company
changes have been included in this publication, giving readers an up-to-the-minute perspective on the market.
The U.S. nondestructive testing (NDT) equipment market is estimated at $856.5 million. This market is projected to grow at an AAGR (average annual
growth rate) of 3.6% to reach $986.4 million by 2005. The NDT techniques expected to experience the fastest growth over the next few years are eddy
current and ultrasound.
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