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. 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:

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:

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

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)