TechNavio recognizes the following companies as the key players in the Global Nondestructive Testing Equipment Market: GE Inspection Technologies GmbH, Olympus NDT Inc., YXLON International Inc. and Magnaflux Corp.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”One of the emerging trends in the Global Nondestructive Testing Equipment market is the miniaturization of testing equipment. Miniaturized equipment is flexible and easy to use. The fast growth in the various industrial segments is leading to the development of small size devices for which miniaturized testing equipment are required. For instance, the testing equipment used in automotive components and other minute components need to be very small in size. Thus the vendors are moving toward the trend of miniaturization.”
According to the report, one of the main drivers in this market is the rapid infrastructure development across the world leading to an increasing demand for nondestructive testing equipment.
Further, the report states that one of the main challenges in this market is the recent global economic slowdown, which is expected to negatively impact sales of nondestructive testing equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-nondestructive-testing-equipment…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report “ Global Nondestructive Testing Equipment Market 2012-2016
