Acoustic Emission Testing Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2018 - 2028

  • Single User License $3500

Acoustic Emission Testing Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2018 - 2028

Status : September, 2021 | Semiconductor & Electronics

Report Digest


Acoustic Emission Testing Market – Overview

Acoustic emission testing has been gaining grounds as an effective Non-destructive Technique for the examination of assets and health diagnosis of materials undergoing stress. Applications of acoustic emission testing have been growing for field inspections, tank bottom testing, corrosion detection, production quality control, evaluation of aging aircraft, and the inspection of nuclear components in numerous industries.

The acoustic emission testing market surpassed a value of US$ 230 Mn in 2017 and is estimated to grow at a steady pace. Rising emphasis on the need for effective solutions for the monitoring and inspection of material and infrastructures coupled with mandates legislated by government recommending the use of NDT solutions is likely to create a favorable growth scenario for the acoustic emission testing market. The versatility of the testing technique and aging infrastructure is envisaged to grow manifold, thereby reflecting on the size of the acoustic emission testing market in the upcoming years.

Acoustic Emission Testing Market – Notable Developments

  • In July 2018, a leading German company TUV Rheinland announced the expansion of its testing services in Gurugram, India. The installation of the softlines testing facility will offer abundant opportunities to the manufacturers and exporters and enable them to develop quality assured products for their consumers.
  • In June 2018, Ashtead Technology teamed up with Cygnus Instruments and Aquatec Group with a future-oriented outlook to strengthen its footprint in non-destructive testing as well as inspection capabilities. The company will now be able to offer NDT services in multiple markets across the world.
  • Recently, Eddyfi Inc. announced the acquisition of a leading NDT Robotics Company Inuktun. The transaction will help in the expansion of the product portfolio and enlargement of the company’s customer base in parallel to broadening the scope of product development and adding skilled NDT inspection experts.

Some of the most prominent competitors operating in the competitive landscape of global acoustic emission testing market include –

  • TUV Rheinland
  • Score Atlanta
  • KRN Services
  • Vallen Systeme
  • Acoustic Emission Consulting
  • General Electric
  • TUV Austria
  • Parker Hannifin
  • TUV Nord
  • MISTRAS
  • Olympus Corporation
  • SGS SA
  • X-R-I Testing
  • Arcadia Aerospace
  • Applus+
  • Exova Group Limited
  • COMET
  • Acuren
  • Ashtead Technology
  • Sonatest
  • Eddyfi, Inc.
  • NDTS India (p) Ltd.

KRN Services

KRN Services was incorporated in 1991 and is based in Michigan. The company works with an objective to offer the best quality equipment that suits the need of the customers. Its offering ranges from resonant sensors with and without preamplifiers, specialty sensors, broadband sensors, to underwater sensors. The company also specializes in the development of custom-made acoustic emission testing equipment to meet the specific requirement of the customers.

NDTS India

NDTS India was founded in 2006 and is headquartered in Mumbai. The company works with an aim to help customers tackle challenges pertaining to Non-destructive testing and evaluation. It is dedicated to meeting the needs of the customers and surpassing their expectations in terms of quality. The offerings of the company range from inspection services, third-party inspection, consulting services, equipment rentals, to training and certification.

Applus+ Laboratories

Applus+ Laboratories was established in 1907 in Barcelona as a testing and research entity. The company boasts its expertise in the development of technical solutions to amplify the competitiveness of the product, fuel innovation, and extend its arms to underpin testing, product development, and quality services along with certification services.

Acoustic Emission Testing Market - Dynamics

Trend of Miniaturization of Acoustic Emission Testing Equipment to Lend Bigger Sales Prospects

Miniaturization trends will continue to cause a significant paradigm shift in the manufacturing of acoustic emission testing equipment. Manufacturers of the equipment realize the benefits of portable devices such as material reduction, which further reduces the overall production cost. Lesser space requirement to carry inspection activities have been appealing the end-users and in turn, the sales of the acoustic emission testing equipment are on a notable surge. Convergence of artificial intelligence with inspection activities is anticipated to unlock new avenues for the advancement of the acoustic emission testing market.

Sales of Acoustic Emission Testing Equipment Tumble As Installation Cost Surges

End-users of acoustic testing equipment stick to the conventional NDT methods and exhibit a hesitance for adopting acoustic emission testing methods on account of their high installation costs. Acoustic emission testing equipment requires a quiet environment to function and even a little exposure to noise hamper their operation. Additionally, complexity in their functions demand skilled labors and incur large training cost per labor, which has caused a reluctance among the end-users for the adoption of the equipment. Poor quantitative results of the testing method in terms of size and depth of the inspection could affect the desirability of adoption among the end-users, thereby impacting the growth of the acoustic emission testing market.

North America to Hold a Sizeable Share of the Acoustic Emission Testing Market

Rising concerns pertaining to the aging infrastructures in the developed countries and the aftermaths post their collapse have generated a scope for effective asset health management solutions. With the technological advancements and enhanced capabilities of the systems, the modernistic acoustic emission testing equipment is employed for precise inspection of an area. Cost-effectiveness of the technique remains a significant driver augmenting the demand for acoustic emission testing techniques.

Growth of the acoustic emission testing market is likely to remain sustained on account of the favorable government policies and programs creating awareness pertaining to the health check of aging assets, which has bridged the information gap among the end-users of the developed countries. A cohort of these factors holds promising growth prospects for the acoustic emission testing market in North America.

Acoustic Emission Testing Market - Segmentation

The acoustic emission testing market can be divided on the basis of:

  • Equipment
  • Service
  • Application
  • Geography

Acoustic Emission Testing Market Segmentation – By Equipment

Based on the equipment, the acoustic emission testing market can be bifurcated into:

  • Sensors
  • Amplifiers
  • Detection Instruments
  • Calibrators
  • Others

Acoustic Emission Testing Market Segmentation – By Service

Depending on the service, the acoustic emission testing market can be classified into:

  • Inspection
  • Calibration

Acoustic Emission Testing Market Segmentation – By Application

On the basis of the application, the acoustic emission testing market can be fragmented on the basis of:

  • Storage Tank
  • Aging Aircraft
  • Pipeline
  • Turbine
  • Structural Monitoring
    • Concrete Beams
    • Bridges
    • Pressure Vessels
    • Others
  • Marine
  • Nuclear Tank
  • AdvancAdvanced Material
  • Tube Trailer

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?