Business Opportunities And Investment Strategies For Global Non-Destructive Testing (NDT) Software Market 2023-2033

Business Opportunities and Investment Strategies for Global Non-Destructive Testing (NDT) Software Market

Report ID 1055

Pages 205

Published Date 03/31/2024

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Opportunity and Strategy Analysis
This report focuses on identifying opportunities and strategies for investing in the global nondestructive testing (NDT) software market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter’s Fiver Forces analysis.

Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the nondestructive testing (NDT) software industry and market. All the identified risk factors are measured quantitatively according to GMD’s novel numeric system, i.e. each risk is evaluated with GMD Risk Index Number (GMD RIN) and GMD Risk Intensity Level (GMD RIL). This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global nondestructive testing (NDT) software industry.

Market Coverage & Overview
The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global nondestructive testing (NDT) software market is expected to reach $3.85 billion by 2033, growing by 8.1% annually over the coming years.

Segmentation Analysis
Highlighted with 91 tables and 112 figures, this 205-page report represents a 360-degree view on the global market with extensively detailed segmentations by Category, Technology, Application, Industry Vertical, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.

By Category
• Standard Software
• Customized Software

By Technology
• Ultrasonic Testing
• Radiography Testing
• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy Current Testing
• Acoustic Emission Testing
• Other Technologies

By Application
• Flaw Detection
• Dimensional Measurement
• Chemical Composition Determination
• Stress and Structure Analysis
• Physical Properties Estimation
• Leak Detection
• Other Applications

By Industry Vertical
• Oil and Gas
• Manufacturing
• Power and Energy
• Aerospace and Defense
• Automotive and Transportation
• Construction & Infrastructure
• Electronics & Semiconductors
• Other Industry Verticals

By Region
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by Category, Technology, and Industry Vertical over the forecast years are also included.

Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Baker Hughes (Waygate Technologies)
• Eclipse Scientific
• Eddyfi Technologies
• Fujifilm Corporation (Fujifilm Holdings Corporation)
• Innospection Limited
• Intertek Group PLC
• Mistras Group Inc.
• Olympus Corporation
• Sonatest Ltd.
• Spinnsol
• TWI
• Yxlon International GMBH (Comet Holding AG)
• Zetec Inc.

1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 13
1.2 Research Methodology 16
1.2.1 Overview of Market Research Methodology 16
1.2.2 Market Assumption 17
1.2.3 Secondary Data 17
1.2.4 Primary Data 17
1.2.5 Data Filtration and Model Design 18
1.2.6 Market Size/Share Estimation 19
1.2.7 Research Limitations 20
1.3 Executive Summary 21
2 Market Overview and Dynamics 24
2.1 Market Size and Forecast 24
2.1.1 Impact of COVID-19 on World Economy 25
2.1.2 Impact of COVID-19 on the Market 29
2.1.3 Impact of Russia-Ukraine Conflict 31
2.1.4 Impact of Israel-Palestine War 33
2.2 Major Growth Drivers 34
2.3 Market Restraints and Challenges 39
2.4 Emerging Opportunities and Market Trends 42
2.5 Porter’s Fiver Forces Analysis 45
3 Segmentation of Global Market by Category 49
3.1 Market Overview by Category 49
3.2 Standard Software 52
3.3 Customized Software 53
4 Segmentation of Global Market by Technology 54
4.1 Market Overview by Technology 54
4.2 Ultrasonic Testing 57
4.3 Radiography Testing 58
4.4 Visual Testing 59
4.5 Magnetic Particle Testing 60
4.6 Liquid Penetrant Testing 61
4.7 Eddy Current Testing 62
4.8 Acoustic Emission Testing 63
4.9 Other Technologies 64
5 Segmentation of Global Market by Application 65
5.1 Market Overview by Application 65
5.2 Flaw Detection 68
5.3 Dimensional Measurement 69
5.4 Chemical Composition Determination 70
5.5 Stress and Structure Analysis 71
5.6 Physical Properties Estimation 72
5.7 Leak Detection 73
5.8 Other Applications 74
6 Segmentation of Global Market by Industry Vertical 75
6.1 Market Overview by Industry Vertical 75
6.2 Oil and Gas 78
6.3 Manufacturing 79
6.4 Power and Energy 80
6.5 Aerospace and Defense 81
6.6 Automotive and Transportation 82
6.7 Construction & Infrastructure 83
6.8 Electronics & Semiconductors 84
6.9 Other Industry Verticals 85
7 Segmentation of Global Market by Region 86
7.1 Geographic Market Overview 2023-2033 86
7.2 North America Market 2023-2033 by Country 91
7.2.1 Overview of North America Market 91
7.2.2 U.S. 95
7.2.3 Canada 99
7.2.4 Mexico 102
7.3 European Market 2023-2033 by Country 105
7.3.1 Overview of European Market 105
7.3.2 Germany 109
7.3.3 U.K. 112
7.3.4 France 115
7.3.5 Spain 118
7.3.6 Italy 121
7.3.7 Russia 124
7.3.8 Rest of European Market 127
7.4 Asia-Pacific Market 2023-2033 by Country 129
7.4.1 Overview of Asia-Pacific Market 129
7.4.2 Japan 133
7.4.3 China 137
7.4.4 Australia 140
7.4.5 India 143
7.4.6 South Korea 146
7.4.7 Rest of APAC Region 149
7.5 South America Market 2023-2033 by Country 151
7.5.1 Argentina 155
7.5.2 Brazil 158
7.5.3 Chile 161
7.5.4 Rest of South America Market 164
7.6 MEA Market 2023-2033 by Country 165
7.6.1 UAE 169
7.6.2 Saudi Arabia 172
7.6.3 South Africa 175
7.6.4 Other National Markets 178
8 Competitive Landscape 179
8.1 Overview of Key Vendors 179
8.2 New Product Launch, Partnership, Investment, and M&A 182
8.3 Company Profiles 183
Baker Hughes (Waygate Technologies) 183
Eclipse Scientific 185
Eddyfi Technologies 186
Fujifilm Corporation (Fujifilm Holdings Corporation) 187
Innospection Limited 188
Intertek Group PLC 189
Mistras Group Inc. 190
Olympus Corporation 191
Sonatest Ltd. 192
Spinnsol 193
TWI 194
Yxlon International GMBH (Comet Holding AG) 195
Zetec Inc. 196
9 Investing in Non-Destructive Testing (NDT) Software Industry: Risk Assessment and Management 197
9.1 Risk Evaluation of Global Market 197
9.2 Critical Success Factors (CSFs) 204
RELATED REPORTS 207

List of Tables

List of Tables:

Table 1. Snapshot of Global Non-Destructive Testing (NDT) Software Market in Balanced Perspective, 2023-2033 22
Table 2. World Economic Outlook, 2024-2036 26
Table 3. World Economic Outlook, 2022-2024 28
Table 4. Scenarios for Economic Impact of Ukraine Crisis 32
Table 5. Scenarios for Economic Impact of Israel-Palestine War 33
Table 6. Main Product Trends and Market Opportunities in Global Non-Destructive Testing (NDT) Software Market 42
Table 7. Global Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 50
Table 8. Global Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 55
Table 9. Global Non-Destructive Testing (NDT) Software Market by Application, 2023-2033, $ mn 66
Table 10. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 76
Table 11. Global Non-Destructive Testing (NDT) Software Market by Region, 2023-2033, $ mn 88
Table 12. Leading National Non-Destructive Testing (NDT) Software Market, 2023 and 2033, $ mn 90
Table 13. North America Non-Destructive Testing (NDT) Software Market by Country, 2023-2033, $ mn 93
Table 14. U.S. Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 97
Table 15. U.S. Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 97
Table 16. U.S. Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 98
Table 17. Canada Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 100
Table 18. Canada Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 100
Table 19. Canada Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 101
Table 20. Mexico Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 103
Table 21. Mexico Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 103
Table 22. Mexico Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 104
Table 23. Europe Non-Destructive Testing (NDT) Software Market by Country, 2023-2033, $ mn 107
Table 24. Germany Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 110
Table 25. Germany Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 110
Table 26. Germany Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 111
Table 27. U.K. Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 113
Table 28. U.K. Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 113
Table 29. U.K. Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 114
Table 30. France Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 116
Table 31. France Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 116
Table 32. France Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 117
Table 33. Spain Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 119
Table 34. Spain Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 119
Table 35. Spain Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 120
Table 36. Italy Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 122
Table 37. Italy Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 122
Table 38. Italy Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 123
Table 39. Russia Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 125
Table 40. Russia Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 125
Table 41. Russia Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 126
Table 42. Non-Destructive Testing (NDT) Software Market in Rest of Europe by Country, 2023-2033, $ mn 128
Table 43. APAC Non-Destructive Testing (NDT) Software Market by Country, 2023-2033, $ mn 131
Table 44. Japan Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 135
Table 45. Japan Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 135
Table 46. Japan Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 136
Table 47. China Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 138
Table 48. China Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 138
Table 49. China Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 139
Table 50. Australia Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 141
Table 51. Australia Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 141
Table 52. Australia Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 142
Table 53. India Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 144
Table 54. India Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 144
Table 55. India Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 145
Table 56. South Korea Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 147
Table 57. South Korea Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 147
Table 58. South Korea Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 148
Table 59. Non-Destructive Testing (NDT) Software Market in Rest of APAC by Country/Region, 2023-2033, $ mn 150
Table 60. South America Non-Destructive Testing (NDT) Software Market by Country, 2023-2033, $ mn 153
Table 61. Argentina Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 156
Table 62. Argentina Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 156
Table 63. Argentina Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 157
Table 64. Brazil Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 159
Table 65. Brazil Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 159
Table 66. Brazil Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 160
Table 67. Chile Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 162
Table 68. Chile Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 162
Table 69. Chile Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 163
Table 70. MEA Non-Destructive Testing (NDT) Software Market by Country, 2023-2033, $ mn 167
Table 71. UAE Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 170
Table 72. UAE Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 170
Table 73. UAE Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 171
Table 74. Saudi Arabia Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 173
Table 75. Saudi Arabia Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 173
Table 76. Saudi Arabia Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 174
Table 77. South Africa Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, $ mn 176
Table 78. South Africa Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, $ mn 176
Table 79. South Africa Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, $ mn 177
Table 80. Baker Hughes (Waygate Technologies): Company Snapshot 183
Table 81. Baker Hughes (Waygate Technologies): Business Segmentation 184
Table 82. Baker Hughes (Waygate Technologies): Product Portfolio 184
Table 83. List of Risk Factors and Weight Percentages/Theoretical Maximum 198
Table 84. Definition of GMD Relative Risk Index Number (Relative RIN) and GMD Risk Intensity Level (RIL) 200
Table 85. Risk Evaluation for Investing in Global Market, 2023-2033 201
Table 86. Critical Success Factors and Key Takeaways 205

List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 16
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 19
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 21
Figure 4. Global Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 24
Figure 5. Impact of COVID-19 on Business 29
Figure 6. Primary Drivers and Impact Factors of Global Non-Destructive Testing (NDT) Software Market 34
Figure 7. World Construction Industry, 2019-2030, $ trillion 37
Figure 8. Global Maintenance, Repair & Overhaul (MRO) Market, 2019-2030, $ bn 37
Figure 9. Freighter Global Fleet 2012-2021 38
Figure 10. Primary Restraints and Impact Factors of Global Non-Destructive Testing (NDT) Software Market 39
Figure 11. Porter’s Fiver Forces Analysis of Global Non-Destructive Testing (NDT) Software Market 45
Figure 12. Growth Opportunity Analysis by Category 49
Figure 13. Breakdown of Global Non-Destructive Testing (NDT) Software Market by Category, 2023-2033, % of Revenue 50
Figure 14. Global Addressable Market Cap in 2024-2033 by Category, Value ($ mn) and Share (%) 51
Figure 15. Global Non-Destructive Testing (NDT) Software Market by Category: Standard Software, 2023-2033, $ mn 52
Figure 16. Global Non-Destructive Testing (NDT) Software Market by Category: Customized Software, 2023-2033, $ mn 53
Figure 17. Growth Opportunity Analysis by Technology 54
Figure 18. Breakdown of Global Non-Destructive Testing (NDT) Software Market by Technology, 2023-2033, % of Sales Revenue 55
Figure 19. Global Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 56
Figure 20. Global Non-Destructive Testing (NDT) Software Market by Technology: Ultrasonic Testing, 2023-2033, $ mn 57
Figure 21. Global Non-Destructive Testing (NDT) Software Market by Technology: Radiography Testing, 2023-2033, $ mn 58
Figure 22. Global Non-Destructive Testing (NDT) Software Market by Technology: Visual Testing, 2023-2033, $ mn 59
Figure 23. Global Non-Destructive Testing (NDT) Software Market by Technology: Magnetic Particle Testing, 2023-2033, $ mn 60
Figure 24. Global Non-Destructive Testing (NDT) Software Market by Technology: Liquid Penetrant Testing, 2023-2033, $ mn 61
Figure 25. Global Non-Destructive Testing (NDT) Software Market by Technology: Eddy Current Testing, 2023-2033, $ mn 62
Figure 26. Global Non-Destructive Testing (NDT) Software Market by Technology: Acoustic Emission Testing, 2023-2033, $ mn 63
Figure 27. Global Non-Destructive Testing (NDT) Software Market by Technology: Other Technologies, 2023-2033, $ mn 64
Figure 28. Growth Opportunity Analysis by Application 65
Figure 29. Breakdown of Global Non-Destructive Testing (NDT) Software Market by Application, 2023-2033, % of Sales Revenue 66
Figure 30. Global Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 67
Figure 31. Global Non-Destructive Testing (NDT) Software Market by Application: Flaw Detection, 2023-2033, $ mn 68
Figure 32. Global Non-Destructive Testing (NDT) Software Market by Application: Dimensional Measurement, 2023-2033, $ mn 69
Figure 33. Global Non-Destructive Testing (NDT) Software Market by Application: Chemical Composition Determination, 2023-2033, $ mn 70
Figure 34. Global Non-Destructive Testing (NDT) Software Market by Application: Stress and Structure Analysis, 2023-2033, $ mn 71
Figure 35. Global Non-Destructive Testing (NDT) Software Market by Application: Physical Properties Estimation, 2023-2033, $ mn 72
Figure 36. Global Non-Destructive Testing (NDT) Software Market by Application: Leak Detection, 2023-2033, $ mn 73
Figure 37. Global Non-Destructive Testing (NDT) Software Market by Application: Other Applications, 2023-2033, $ mn 74
Figure 38. Growth Opportunity Analysis by Industry Vertical 75
Figure 39. Breakdown of Global Non-Destructive Testing (NDT) Software Market by Industry Vertical, 2023-2033, % of Revenue 76
Figure 40. Global Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%) 77
Figure 41. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Oil and Gas, 2023-2033, $ mn 78
Figure 42. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Manufacturing, 2023-2033, $ mn 79
Figure 43. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Power and Energy, 2023-2033, $ mn 80
Figure 44. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Aerospace and Defense, 2023-2033, $ mn 81
Figure 45. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Automotive and Transportation, 2023-2033, $ mn 82
Figure 46. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Construction & Infrastructure, 2023-2033, $ mn 83
Figure 47. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Electronics & Semiconductors, 2023-2033, $ mn 84
Figure 48. Global Non-Destructive Testing (NDT) Software Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn 85
Figure 49. Global Market Snapshot by Region 86
Figure 50. Growth Opportunity Analysis of Global Market by Region 87
Figure 51. Geographic Spread of Worldwide Non-Destructive Testing (NDT) Software Market, 2023-2033, % of Sales Revenue 88
Figure 52. Global Addressable Market Cap in 2024-2033 by Region, Value ($ mn) and Share (%) 89
Figure 53. North American Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 92
Figure 54. Growth Opportunity Analysis of North America Market by Country 92
Figure 55. Breakdown of North America Non-Destructive Testing (NDT) Software Market by Country, 2023 and 2033, % of Revenue 93
Figure 56. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 94
Figure 57. U.S. Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 96
Figure 58. Canada Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 99
Figure 59. Non-Destructive Testing (NDT) Software Market in Mexico, 2023-2033, $ mn 102
Figure 60. European Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 106
Figure 61. Growth Opportunity Analysis of Europe Market by Country 106
Figure 62. Breakdown of European Non-Destructive Testing (NDT) Software Market by Country, 2023 and 2033, % of Revenue 107
Figure 63. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 108
Figure 64. Non-Destructive Testing (NDT) Software Market in Germany, 2023-2033, $ mn 109
Figure 65. Non-Destructive Testing (NDT) Software Market in U.K., 2023-2033, $ mn 112
Figure 66. Non-Destructive Testing (NDT) Software Market in France, 2023-2033, $ mn 115
Figure 67. Non-Destructive Testing (NDT) Software Market in Spain, 2023-2033, $ mn 118
Figure 68. Non-Destructive Testing (NDT) Software Market in Italy, 2023-2033, $ mn 121
Figure 69. Non-Destructive Testing (NDT) Software Market in Russia, 2023-2033, $ mn 124
Figure 70. Non-Destructive Testing (NDT) Software Market in Rest of Europe, 2023-2033, $ mn 127
Figure 71. Asia-Pacific Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 130
Figure 72. Growth Opportunity Analysis of Asia-Pacific Market by Country 130
Figure 73. Breakdown of APAC Non-Destructive Testing (NDT) Software Market by Country, 2023 and 2033, % of Revenue 131
Figure 74. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 132
Figure 75. Non-Destructive Testing (NDT) Software Market in Japan, 2023-2033, $ mn 134
Figure 76. Non-Destructive Testing (NDT) Software Market in China, 2023-2033, $ mn 137
Figure 77. Non-Destructive Testing (NDT) Software Market in Australia, 2023-2033, $ mn 140
Figure 78. Non-Destructive Testing (NDT) Software Market in India, 2023-2033, $ mn 143
Figure 79. Non-Destructive Testing (NDT) Software Market in South Korea, 2023-2033, $ mn 146
Figure 80. Non-Destructive Testing (NDT) Software Market in Rest of APAC, 2023-2033, $ mn 149
Figure 81. South America Non-Destructive Testing (NDT) Software Market, 2023-2033, $ mn 152
Figure 82. Growth Opportunity Analysis of South America Market by Country 152
Figure 83. Breakdown of South America Non-Destructive Testing (NDT) Software Market by Country, 2023 and 2033, % of Revenue 153
Figure 84. Contribution to South America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 154
Figure 85. Non-Destructive Testing (NDT) Software Market in Argentina, 2023-2033, $ mn 155
Figure 86. Non-Destructive Testing (NDT) Software Market in Brazil, 2023-2033, $ mn 158
Figure 87. Non-Destructive Testing (NDT) Software Market in Chile, 2023-2033, $ mn 161
Figure 88. Non-Destructive Testing (NDT) Software Market in Rest of South America, 2023-2033, $ mn 164
Figure 89. Non-Destructive Testing (NDT) Software Market in Middle East and Africa (MEA), 2023-2033, $ mn 166
Figure 90. Growth Opportunity Analysis of MEA Market by Country 166
Figure 91. Breakdown of MEA Non-Destructive Testing (NDT) Software Market by Country, 2023 and 2033, % of Revenue 167
Figure 92. Contribution to MEA 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 168
Figure 93. Non-Destructive Testing (NDT) Software Market in UAE, 2023-2033, $ mn 169
Figure 94. Non-Destructive Testing (NDT) Software Market in Saudi Arabia, 2023-2033, $ mn 172
Figure 95. Non-Destructive Testing (NDT) Software Market in South Africa, 2023-2033, $ mn 175
Figure 96. Non-Destructive Testing (NDT) Software Market in the Rest of MEA, 2023-2033, $ mn 178
Figure 97. Growth Stage of Global Non-Destructive Testing (NDT) Software Industry over the Forecast Period 179
Figure 98. Comparison of Risk Factors by GMD RIN in 2023 201
Figure 99. GMD Relative RIN of Internal Risk Factors in 2023 on Radar Chart 202
Figure 100. GMD Relative RIN of External Risk Factors in 2023 on Radar Chart 202

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
• Baker Hughes (Waygate Technologies)
• Eclipse Scientific
• Eddyfi Technologies
• Fujifilm Corporation (Fujifilm Holdings Corporation)
• Innospection Limited
• Intertek Group PLC
• Mistras Group Inc.
• Olympus Corporation
• Sonatest Ltd.
• Spinnsol
• TWI
• Yxlon International GMBH (Comet Holding AG)
• Zetec Inc.