Malaysia Non-Destructive Testing 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.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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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