PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1844042
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1844042
Industry 4.0 Technology Integration is Driving Future Growth Potential
This analysis explores the potential opportunities of non-destructive testing (NDT) techniques in the aerospace industry. The advent of Industry 4.0 technologies such as digital twins, AI, AR/VR, and robotics in recent years has improved efficiency and reduced costs across the entire aerospace industry life cycle. With increasingly stringent regulations in the aerospace industry, there is a greater emphasis on quality across other manufacturing industries. Moreover, the focus on sustainability drives the use of newer and lighter materials and electrification, necessitating NDT inspections.
The study outlines factors driving and restraining NDT inspection and services and their impact throughout the forecast period. Integrating AI/ML with NDT techniques will be important in improving decision-making, predictive maintenance, and defect detection capabilities. Other key areas of focus include an exploration of technological trends, key mergers and acquisitions in the industry, and future evolution. It also identifies compelling growth opportunities from application perspectives and technological advancements, providing valuable insights on how to utilize them.