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Market Research Report
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956260

Global Acoustic Emission Equipment Market Size study, by Product Type, by Technique, by End-User (Engineering, procurement and construction, Oil & Gas, Power Plants, Transportation, Aerospace & Defense, Others) and Regional Forecasts 2020-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Acoustic Emission Equipment Market Size study, by Product Type, by Technique, by End-User (Engineering, procurement and construction, Oil & Gas, Power Plants, Transportation, Aerospace & Defense, Others) and Regional Forecasts 2020-2027
Published: August 28, 2020
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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Description

Title:
Global Acoustic Emission Equipment Market Size study, by Product Type (AE Systems, Hand-held Systems, Standalone Sensors), by Technique (Multiple Channel Location Source Technique, Linear Source Technique, Zonal Source Technique, Point Source Technique), by End-User (Engineering, procurement and construction (EPC), Oil & Gas, Power Plants, Transportation, Aerospace & Defense, Others) and Regional Forecasts 2020-2027.

Global Acoustic Emission Equipment Market is valued approximately at USD 108 million in 2019 and is anticipated to grow with a compounded annual growth rate of more than 3.2% over the forecast period 2020-2027. Acoustic emission is a technique that is being extensively used in the area of fundamental integrity evaluation. Acoustic emission testing is a type of non-destructive testing (NDT) method that examines emitted sound waves triggered by cut-offs, defects, or voids. It assesses the resistance of acoustic waves within the specimen. Usually, acoustic emission waves are characterized by high-sensitivity piezoelectric sensors within frequency responses from 20 kHz to 1 MHz. Acoustic emission further provides explicit prospects to scrutinize infrastructure modules in real-time, identifying sudden alterations in the reliability of the examined component. Furthermore, the rise in demand for aircraft, increasing investment across research activities in the acoustic emission, and growing number of new infrastructural projects are the few factors responsible for the CAGR of the market during the forecast period. According to Boeing, it is estimated that there will be 7,290 airplane deliveries between 2014 and 2033 in North America. Also, as per the source, it is anticipated that there will be total delivery of 41,030 commercial aircraft that will be made during the years of 2017-2036. Similarly, according to the survey of Airbus, the total demand for commercial aircraft is around 37,390 units by 2037, an increase from 33,700 units estimated in 2016. This, in turn, is expected to accelerate the demand for acoustic emission equipment thereby, making a significant impact on the market growth all over the world. However, the high cost of the equipment and shortage of skilled professionals is one of the major factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Acoustic Emission Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in the production of aircraft with advanced features, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the growing infrastructural developments and construction projects coupled with government initiatives for implementing NDT solutions would create lucrative growth prospects for the Acoustic Emission Equipment market across the Asia-Pacific region.

Major market player included in this report are:

Acoustic Monitoring International, Inc.

Campbell Scientific, Inc.

Dodson Technical Services, Inc.

Mistras Group, Inc.

Parker-Hannifin Corporation

Schmitt Europe Ltd.

Score Atlanta Inc.

Siemens AG

Vallen Systeme GmbH

Wabtec Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

AE Systems

Hand-held Systems

Standalone Sensors

By Technique:

Multiple Channel Location Source Technique

Linear Source Technique

Zonal Source Technique

Point Source Technique

By End-User:

Engineering, procurement and construction (EPC)

Oil & Gas

Power Plants

Transportation

Aerospace & Defense

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018

Base year - 2019

Forecast period - 2020 to 2027

Target Audience of the Global Acoustic Emission Equipment Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
    • 1.2.1. Acoustic Emission Equipment Market, by Region, 2018-2027 (USD Million)
    • 1.2.2. Acoustic Emission Equipment Market, by Product Type, 2018-2027 (USD Million)
    • 1.2.3. Acoustic Emission Equipment Market, by Technique, 2018-2027 (USD Million)
    • 1.2.4. Acoustic Emission Equipment Market, by End-user, 2018-2027 (USD Million)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Acoustic Emission Equipment Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Acoustic Emission Equipment Market Dynamics

  • 3.1. Acoustic Emission Equipment Market Impact Analysis (2018-2027)
    • 3.1.1. Market Drivers
    • 3.1.2. Market Challenges
    • 3.1.3. Market Opportunities

Chapter 4. Global Acoustic Emission Equipment Market: Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Acoustic Emission Equipment Market, by Product Type

  • 5.1. Market Snapshot
  • 5.2. Global Acoustic Emission Equipment Market by Product Type, Performance - Potential Analysis
  • 5.3. Global Acoustic Emission Equipment Market Estimates & Forecasts by Product Type 2017-2027 (USD Million)
  • 5.4. Acoustic Emission Equipment Market, Sub Segment Analysis
    • 5.4.1. AE Systems
    • 5.4.2. Hand-held Systems
    • 5.4.3. Standalone Sensors

Chapter 6. Global Acoustic Emission Equipment Market, by Technique

  • 6.1. Market Snapshot
  • 6.2. Global Acoustic Emission Equipment Market by Technique, Performance - Potential Analysis
  • 6.3. Global Acoustic Emission Equipment Market Estimates & Forecasts by Technique 2017-2027 (USD Million)
  • 6.4. Acoustic Emission Equipment Market, Sub Segment Analysis
    • 6.4.1. Multiple Channel Location Source Technique
    • 6.4.2. Linear Source Technique
    • 6.4.3. Zonal Source Technique
    • 6.4.4. Point Source Technique

Chapter 7. Global Acoustic Emission Equipment Market, by End-user

  • 7.1. Market Snapshot
  • 7.2. Global Acoustic Emission Equipment Market by End-user - Potential Analysis
  • 7.3. Global Acoustic Emission Equipment Market Estimates & Forecasts by End-user 2017-2027 (USD Million)
  • 7.4. Acoustic Emission Equipment Market, Sub Segment Analysis
    • 7.4.1. Engineering, procurement and construction (EPC)
    • 7.4.2. Oil & Gas
    • 7.4.3. Power Plants
    • 7.4.4. Transportation
    • 7.4.5. Aerospace & Defense
    • 7.4.6. Others

Chapter 8. Global Acoustic Emission Equipment Market, Regional Analysis

  • 8.1. Acoustic Emission Equipment Market, Regional Market Snapshot
  • 8.2. North America Acoustic Emission Equipment Market
    • 8.2.1. U.S. Acoustic Emission Equipment Market
      • 8.2.1.1. Product Type breakdown estimates & forecasts, 2017-2027
      • 8.2.1.2. Technique breakdown estimates & forecasts, 2017-2027
      • 8.2.1.3. End-user breakdown estimates & forecasts, 2017-2027
    • 8.2.2. Canada Acoustic Emission Equipment Market
  • 8.3. Europe Acoustic Emission Equipment Market Snapshot
    • 8.3.1. U.K. Acoustic Emission Equipment Market
    • 8.3.2. Germany Acoustic Emission Equipment Market
    • 8.3.3. France Acoustic Emission Equipment Market
    • 8.3.4. Spain Acoustic Emission Equipment Market
    • 8.3.5. Italy Acoustic Emission Equipment Market
    • 8.3.6. Rest of Europe Acoustic Emission Equipment Market
  • 8.4. Asia-Pacific Acoustic Emission Equipment Market Snapshot
    • 8.4.1. China Acoustic Emission Equipment Market
    • 8.4.2. India Acoustic Emission Equipment Market
    • 8.4.3. Japan Acoustic Emission Equipment Market
    • 8.4.4. Australia Acoustic Emission Equipment Market
    • 8.4.5. South Korea Acoustic Emission Equipment Market
    • 8.4.6. Rest of Asia Pacific Acoustic Emission Equipment Market
  • 8.5. Latin America Acoustic Emission Equipment Market Snapshot
    • 8.5.1. Brazil Acoustic Emission Equipment Market
    • 8.5.2. Mexico Acoustic Emission Equipment Market
  • 8.6. Rest of The World Acoustic Emission Equipment Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Acoustic Monitoring International, Inc.
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Campbell Scientific, Inc.
    • 9.2.3. Dodson Technical Services, Inc.
    • 9.2.4. Mistras Group, Inc.
    • 9.2.5. Parker-Hannifin Corporation
    • 9.2.6. Schmitt Europe Ltd.
    • 9.2.7. Score Atlanta Inc.
    • 9.2.8. Siemens AG
    • 9.2.9. Vallen Systeme GmbH
    • 9.2.10. Wabtec Corporation

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF FIGURES

  • FIG 1. Global Acoustic Emission Equipment market, research methodology
  • FIG 2. Global Acoustic Emission Equipment market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Acoustic Emission Equipment market, key trends 2019
  • FIG 5. Global Acoustic Emission Equipment market, growth prospects 2020-2027
  • FIG 6. Global Acoustic Emission Equipment market, porters 5 force Model
  • FIG 7. Global Acoustic Emission Equipment market, pest analysis
  • FIG 8. Global Acoustic Emission Equipment market, value chain analysis
  • FIG 9. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 10. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 11. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 12. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 13. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 14. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 15. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 16. Global Acoustic Emission Equipment market by segment, 2017 & 2027 (USD Million)
  • FIG 17. Global Acoustic Emission Equipment market, regional snapshot 2017 & 2027
  • FIG 18. North America Acoustic Emission Equipment market 2017 & 2027 (USD Million)
  • FIG 19. Europe Acoustic Emission Equipment market 2017 & 2027 (USD Million)
  • FIG 20. Asia-Pacific Acoustic Emission Equipment market 2017 & 2027 (USD Million)
  • FIG 21. Latin America Acoustic Emission Equipment market 2017 & 2027 (USD Million)
  • FIG 22. Global Acoustic Emission Equipment market, company market share analysis (2019)