Non-destructive testing is a collection of engineering techniques and procedures that are applied to detect surface and subsurface faults or defects in materials, components, and welds, without damaging or destroying the element under inspection. "

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have a broad portfolio of products that caters to most regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Companies under this quadrant are well-established vendors with strong business strategies such as industry coverage, inorganic growth, geographic reach, and technology innovation. However, they have a weaker product portfolio than the innovators in this matrix. They generally focus on a specific type of technology related to the product considered in this market.

Companies that are constantly striving for technology innovation play a major role in the equipment ecosystem. These players demonstrate significant product innovations compared to other competitors in the market. Players under this category have a focused product portfolio.

Companies in this quadrant are selective vendors who have niche product offerings and are starting to gain a position in the market. However, their business strategies are not as strong as those of other established vendors in this market. These players might be new entrants in the specific market segment and require more time before gaining significant traction in the market. As the market poses a moderate level of threat to new entrants in establishing their footprint, there are many players providing NDT equipment and services to a diverse clientele globally.