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.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Malaysia Non-Destructive Testing (NDT) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- Equipment- 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
- Manufacturing- Market Size & Forecast 2019-2030F, USD Million
- By Region
- East
- Central
- North
- South
- Sabah
- Sarawak
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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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