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SOFTWARE (NON-INTERNET/MOBILE) | Manufacturing, Warehousing & Industrial Software
lynxinspection.com

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Founded Year

2016

Stage

Incubator/Accelerator | Alive

Total Raised

$740K

About LynX Inspection

LynX Inspection develops inspection solutions for the industrial sector based on three-dimensional analysis and X-Ray imaging.

LynX Inspection Headquarter Location

3401 Rue Pierre-Ardouin

Quebec, Quebec, G1P 0B3,

Canada

581-702-4450

Latest LynX Inspection News

Non-destructive Testing Market to Reach USD 13.30 Billion by 2027; Increasing Awareness Regarding Safety and Reliability in Aircraft will Lead to a Wider Product Adoption, says Fortune Business Insights™

Sep 15, 2020

Top players covered in the non-destructive testing market are Acuren Inspection Inc. (The U.S.), Ashtead Technology (The U.K.), Bosello High Technology Srl (Italy), Cygnus Instruments Ltd (The U.K.), Eddyfi (Canada), Fischer Technology Inc. (The U.S.), Fprimec Solutions Inc. (Canada), General Electric (The U.S.), Ipromar Pte Ltd (Singapore), Labquip NDT Limited (The U.K.), LynX Inspection (Canada), Magnaflux Corporation (The U.S.), Mistras Group (The U.S.), NDT Global GmbH & Co. Kg (The U.S.), Nikon Metrology (Japan), Olympus Corporation (Japan), Sonatest Ltd. (The U.K.), TD Williamson, Inc. (The U.S.), YXLON International GmbH (Denmark), and more companies profiled | Source: Fortune Business Insights Pune, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027. The presence of several large scale companies in this market will emerge in favour of the growth. According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027. Non-destructive testing is an advanced method that is primarily used to detect and evaluate several defects in materials that are used in aerospace industry. This method is essentially used for design and development of several equipment that are used for several purposes in the aerospace industry. The rise of the aerospace industry in the past few years has created several growth opportunities for the companies operating in the global NDT market. The increasing investments in the research and development of efficient products will bode well for the growth of the market in the coming years. Subsequently, the presence of several large scale companies will provide impetus to the growth of the market in the coming years. Get Sample PDF Brochure with Impact of COVID19: Restrictions on Air-travels will have a Slight Adverse Impact on NDT Manufacturers The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking strict measures to control the spread of the disease. These measures have subsequently affected several businesses across the world. Due to lockdown, manufacturers in this sector seem to have taken a huge hit in the past few months. Additionally, the risks associated with international travel have compelled governments to ban flights and other modes of travel overseas. Thus, the efforts taken to curb the spread of the disease will ultimately affect the growth of the overall NDT market in the immediate future. North America to Emerge Dominant; Increasing Demand for Advanced Testing Material to Aid Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for advanced testing material in several countries across this region will create several growth opportunities for the companies operating in this region. Subsequently, the presence of several large scale companies in the United States will have a huge impact on the growth of the regional market. Companies such as Magnaflex Corporation and Acuren Inspection have invested huge capital in the development of technologically advanced non-destructive testing equipment. As of 2019, the market in North America was worth USD 3.09 billion and this value is projected to increase further in the coming years. Browse a detailed summary of this 160 pages research report: Increasing Number of Product Launches will Emerge in Favor of Market Growth The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising demand for the product across the world and the degree of safety and security involved with it, technological intervention has been maximized in recent years. The presence of several large scale companies involved in the development of efficient products by investing more in the technological intervention will have a positive impact on the growth of the overall market in the coming years. In January 2020, Novosound announced the launch of a new ultrasound sensor tool that is used for inspecting curved surfaces. The Scotland-based company announced that the product is and advanced thin-fil that is flexible in nature. The company is said to have invested around $4.3 million in this product. Novosound’s latest product is an example of rapid technological advancement as well as integration in this sector in recent years. List of the Leading Companies Profiled in the Global Non-destructive Testing Market are: Acuren Inspection Inc. (The U.S.) Ashtead Technology (The U.K.) Cygnus Instruments Ltd (The U.K.) Eddyfi (Canada) Fprimec Solutions Inc. (Canada) LynX Inspection (Canada) Nikon Metrology (Japan) Have a Look at Related Research Insights: Ground Support Equipment Market Size , Share and Covid-19 Impact Analysis, by Type (Mobile GSE, and Fixed GSE) By Power Source (Non-Electric GSE, Electric GSE, and Hybrid GSE) By Application (Commercial, and Military), By Component (Equipment, and Maintenance) and Regional Forecasts, 2020-2027 Azimuth Thrusters Market Size , Share & COVID-19 Impact Analysis, By Type (Less than 1500KW, 1500KW-3500KW, and More than 3500KW), By Drive System (Electric Drive System, Diesel Drive System, and Hydraulic Drive System), By Vessel Type (Naval Ships, Offshore Drilling, Recreational Boats, Offshore Wind Farms (CTVs, SOVs), and Others) By End User (OEM and Aftermarket), and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: 308, Supreme Headquarters,

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LynX Inspection Patents

LynX Inspection has filed 1 patent.

The 3 most popular patent topics include:

  • Medical imaging
  • Nondestructive testing
  • Projectional radiography
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/21/2017

11/3/2020

Nondestructive testing, Radiography, Medical imaging, Projectional radiography, Radiology

Grant

Application Date

7/21/2017

Grant Date

11/3/2020

Title

Related Topics

Nondestructive testing, Radiography, Medical imaging, Projectional radiography, Radiology

Status

Grant

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