Acoustic Emission Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Acoustic Emission Testing Trends and Forecast

The future of the global acoustic emission testing market looks promising with opportunities in the storage tank, pipeline, aging aircraft, and turbine markets. The global acoustic emission testing market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are government programs that facilitate the efficient application of ndt, increasing awareness of plant safety as well as the need for asset health monitoring, and improvement in productivity as manufacturers focus more on installing acoustic emission testing.

A more than 150-page report is developed to help in your business decisions.

Acoustic Emission Testing by Segment

The study includes a forecast for the global acoustic emission testing by equipment, application, service, and region.

Acoustic Emission Testing Market by Equipment [Shipment Analysis by Value from 2018 to 2030]:

• Sensors
• Amplifiers
• Detection Instruments
• Calibrators
• Others

Acoustic Emission Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Storage Tank
• Pipeline
• Aging Aircraft
• Turbine
• Others

Acoustic Emission Testing Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Inspection
• Calibration

Acoustic Emission Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Acoustic Emission Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acoustic emission testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acoustic emission testing companies profiled in this report include-

• Olympus Corporation
• Mistras Group
• SGS
• TUV Rheinland
• Bureau Veritas
• Vallen Systeme
• TUV NORD GROUP
• Parker Hannifin
• Kompass
• Aruda Engineering

Acoustic Emission Testing Market Insights

Lucintel forecasts that sensors will remain the largest segment over the forecast period because it has the ability to offer information related to physical aspects.

APAC will remain the largest region over the forecast period due to growing demand for operative solutions for structural monitoring in this region, as well as, rapid development in infrastructure and manufacturing of defense aircraft.

Features of the Global Acoustic Emission Testing Market

Market Size Estimates: Acoustic emission testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Acoustic emission testing market size by equipment, application, service, and region in terms of value ($B).

Regional Analysis: Acoustic emission testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different equipment, application, service, and regions for the acoustic emission testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acoustic emission testing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the acoustic emission testing market size?

Answer: The global acoustic emission testing market is expected to reach an estimated $0.7 billion by 2030.

Q2. What is the growth forecast for acoustic emission testing market?

Answer: The global acoustic emission testing market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the acoustic emission testing market?

Answer: The major drivers for this market are government programs that facilitate the efficient application of ndt, increasing awareness of plant safety as well as the need for asset health monitoring and improvement in productivity as manufacturers focus more on installing acoustic emission testing.

Q4. What are the major segments for acoustic emission testing market?

Answer: The future of the acoustic emission testing market looks promising with opportunities in the storage tank, pipeline, aging aircraft, and turbine markets.

Q5. Who are the key acoustic emission testing market companies?

Answer: Some of the key acoustic emission testing companies are as follows:

• Olympus Corporation
• Mistras Group
• SGS
• TUV Rheinland
• Bureau Veritas
• Vallen Systeme
• TUV NORD GROUP
• Parker Hannifin
• Kompass
• Aruda Engineering

Q6. Which acoustic emission testing market segment will be the largest in future?

Answer: Lucintel forecasts that sensors will remain the largest segment over the forecast period because it has the ability to offer information related to physical aspects.

Q7. In acoustic emission testing market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing demand for operative solutions for structural monitoring in this region, as well as, rapid development in infrastructure and manufacturing of defense aircraft.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the acoustic emission testing market by equipment (sensors, amplifiers, detection instruments, calibrators, and others), application (storage tank, pipeline, aging aircraft, turbine, and others), service (inspection and calibration), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?