Ultrasonic Testing Market with COVID-19 Impact – Global Forecast to 2026

The COVID-19 has severely impacted the growth of the ultrasonic testing market. Global sales of ultrasonic equipment and services for key verticals such as oil & gas and aerospace declined by 5–8% in the fiscal year 2020, depending upon the virus's progression in different parts of the world. The decline in the number of new oil and exploration projects, temporary shutdown of production facilities, and reduction in crude oil prices hampered the growth of the ultrasonic testing market. However, the short-term supply chain disruptions affected the market growth in key regions.

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