Recently, to assure the integrity of a structural components such as piping pressure vessels and thinning structure, Lamb wave inspection technique has been used in material evaluation. It is very important to select the optimal Lamb wave mode and to analyze the signal accurately because of its unique dispersion properties grnerating several modes within the speci-men. It this study, the feasibility of material evaluation applications using wavelet analysis of Lamb wave has been veir-fied experimentally. These results show as follows; 1)dispersion characteristic of each mode in dispersion curve is demon-strated that A0 mode propagating material surface is useful mode having the lest energy loss and not sensitive to surface condition. 2) it can be detected even the micro defect ($1 imes2mm$) fabricated in ultrasonic probe flaw distance (290mm) to axis direction. 3) the wavelet transform which is called "time-frequency analysis" shows the Lamb wave propagation due to the change of materials characterization can be evaluated at each frequency and experimental group velocity of Lamb wave agrees quite well with that of simulated dispersion curve.ion curve.