In a recent published report, Kenneth Research has updated the Non Destructive Testing (NDT) in Aerospace & Defense Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Non Destructive Testing (NDT) in Aerospace & Defense Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017
The global Non Destructive Testing (NDT) in Aerospace & Defense market is expected to reach xxx Million USD by 2025, with a CAGR of xx% from 2020 to 2025.
Further key aspects of the report indicate that:
*Chapter 1: Market Definition and Segment by Type, End-Use & Major Regions Market Size
*Chapter 2: Global Production & Consumption Market by Type and End-Use
*Chapter 3: Europe Production & Consumption Market by Type and End-Use
*Chapter 4: America Production & Consumption Market by Type and End-Use
*Chapter 5: Asia Production & Consumption Market by Type and End-Use
*Chapter 6: Oceania Production & Consumption Market by Type and End-Use
*Chapter 7: Africa Production & Consumption Market by Type and End-Use
*Chapter 8: Global Market Forecast by Type, End-Use and Region
*Chapter 9: Company information, Sales, Cost, Margin, news etc.
*Chapter 10: Market Competition by Companies and Market Concentration Ratio
*Chapter 11: Market Impact by Coronavirus.
*Chapter 12: Industry Summary
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Market Segment as follows:
*GE Measurement & Control
*Nikon Metrology Inc.
*Mistras Group, Inc.
*Magnetic Particle Testing & Eddy-current Testing
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