Malaysia Non-Destructive Testing (NDT) Market Comprehensive Analysis and Forecast 2024 to 2030

Malaysia Non-Destructive Testing (NDT) Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Malaysia Non-Destructive Testing (NDT) Market size is estimated to grow at a CAGR of around 21.05% during the forecast period, i.e., 2024-30. The Malaysia Non-Destructive Testing (NDT) Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Malaysia Non-Destructive Testing (NDT) Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Malaysia Non-Destructive Testing (NDT) Market drivers, barriers, Malaysia Non-Destructive Testing (NDT) Market Trends, and Key Players in Malaysia Non-Destructive Testing (NDT) Market.
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Malaysia Non-Destructive Testing (NDT) Market Dynamics: 2024-2030
Malaysia Non-Destructive Testing (NDT) Market Driver:
Surging Infrastructural Development in Malaysia to Drive Market Growth – During the past decade, Malaysia has emerged as a dynamic, open economy. Additionally, the Malaysian government has made substantial supportive regulations to enhance foreign investments and elevate the country’s position in the region. As per the United Nations Conference on Trade and Development (UNCTAD), FDI flows to Malaysia rose by 39% to almost USD 17 billion in 2022, in comparison to 2021. This substantial increase in FDI over the past few years has fueled rapid infrastructure development, including the construction of highways, bridges, railways, and buildings. These infrastructure projects need to meet high standards of quality and safety, and as NDT ensures that the materials and construction meet the required standards, its demand is surging in Malaysia.
Furthermore, the government, to strengthen the economy, is enhancing its focus to attract foreign direct investment (FDI). In line with this, infrastructural development is anticipated to surge, which would further accelerate the demand for NDT solutions during the forecast period to ensure the safety of the development process.
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Malaysia Non-Destructive Testing (NDT) Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Product Offering
-Equipment- Market Size & Forecast 2019-2030F, USD Million
-Ultrasonic Flaw Detectors- Market Size & Forecast 2019-2030F, USD Million
-Eddy Current Instruments- Market Size & Forecast 2019-2030F, USD Million
-Acoustic Emission Sensors- Market Size & Forecast 2019-2030F, USD Million
-Electromagnetic Yokes- Market Size & Forecast 2019-2030F, USD Million
-Others (Radioactive isotopes, Ultrasonic transducers, etc.)- Market Size & Forecast 2019-2030F, USD Million
Software
-Data Analysis Software- Market Size & Forecast 2019-2030F, USD Million
-Imaging Software- Market Size & Forecast 2019-2030F, USD Million
-Ultrasonic Testing (UT) Software- Market Size & Forecast 2019-2030F, USD Million
-Eddy Current Testing (ECT) Software- Market Size & Forecast 2019-2030F, USD Million
-Simulation and Modeling Software- Market Size & Forecast 2019-2030F, USD Million
-Others (Calibration and Reference Standards Software, Reporting Software, etc.)- Market Size & Forecast 2019-2030F, USD Million
Services
-Inspection- Market Size & Forecast 2019-2030F, USD Million
-Testing- Market Size & Forecast 2019-2030F, USD Million
By Testing Technique
-Acoustic Emission Testing- Market Size & Forecast 2019-2030F, USD Million
-Radiographic Testing (RT)- Market Size & Forecast 2019-2030F, USD Million
-Visual NDT- Market Size & Forecast 2019-2030F, USD Million
-Magnetic Particle Testing (MPT)- Market Size & Forecast 2019-2030F, USD Million
-Ultrasonic Testing (UT)- Market Size & Forecast 2019-2030F, USD Million
-Eddy-Current Testing- Market Size & Forecast 2019-2030F, USD Million
-Others (Liquid Penetrant Testing, Guided Wave Testing, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Method
-Visual Inspection- Market Size & Forecast 2019-2030F, USD Million
-Surface Inspection- Market Size & Forecast 2019-2030F, USD Million
-Volumetric Inspection (Situational Awareness, Counter Measures Development, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Application
-Flaw Detection- Market Size & Forecast 2019-2030F, USD Million
-Stress and Structure Analysis- Market Size & Forecast 2019-2030F, USD Million
-Leak Detection- Market Size & Forecast 2019-2030F, USD Million
-Dimensional Measurement- Market Size & Forecast 2019-2030F, USD Million
-Others (Physical Properties Estimation, Weld Verification, etc.)- Market Size & Forecast 2019-2030F, USD Million
By End User
-Manufacturing- Market Size & Forecast 2019-2030F, USD Million
-Automotive- Market Size & Forecast 2019-2030F, USD Million
-Electronics- Market Size & Forecast 2019-2030F, USD Million
-Metal Fabrication- Market Size & Forecast 2019-2030F, USD Million
-Others (Plastics & Polymers, etc.)- Market Size & Forecast 2019-2030F, USD Million
-Oil & Gas- Market Size & Forecast 2019-2030F, USD Million
-Construction- Market Size & Forecast 2019-2030F, USD Million
-Aerospace & Defense- Market Size & Forecast 2019-2030F, USD Million
-Energy & Utility- Market Size & Forecast 2019-2030F, USD Million
-Others (Healthcare, Marine, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Region
-East
-Central
-North
-South
-Sabah
-Sarawak.
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Top Companies Operating in the Malaysia Non-Destructive Testing (NDT) Market:
NDT Equipment Sdn Bhd, Nusantara Technologies Sdn Bhd, Aries Group, Oilfield Technical Inspection Sdn Bhd, EWF Group of Companies, Winner Inspection Sdn. Bhd., Xpert Engineering Solution Sdn Bhd, DÜRR NDT, Foerster Holding GmbH, IKM Gruppen AS, Cetim Corporate, and others.
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