Ultrasonic testing (UT) is used to detect internal flaws in materials or to characterize material properties. Computational simulations are an important part of the UT process. Fast models are essential for UT applications such as inverse design or model-assisted probability of detection. This paper presents investigations of using surrogate modeling techniques to create fast approximate models of UT simulator responses. In particular, we propose to use data-driven surrogate modeling techniques (kriging interpolation), and physics-based surrogate modeling techniques (space mapping), as well a mixture of the two approaches. These techniques are investigated for two cases involving UT simulations of metal components immersed in a water bath during the inspection process.