Category

Aerospace Testing Market Size, Share, And Trends By Testing Method (Destructive, Non-Destructive, Ultrasonic, Acoustic, Radiographic, Others), By Aircraft Size (Small, Medium, Large), By Sourcing (In-House Testing, Outsource Testing), And By Geography – Forecast From 2019 To 2024

Published: May 2020 | Report Code:  KSI061612833 | Pages:  108

The aerospace testing market was valued at US$23.470 billion in 2018 and is expected to grow at a CAGR of 0.09% during the forecast period to reach a total market size of US$23.591 billion in 2024. Increasing number of aircraft deliveries owing to growing global travel and tourism industry is one of the major drivers of aerospace testing market. Stringent aviation regulations regarding aircraft safety across different countries is further boosting the demand for aerospace testing service, thus positively impacting the growth of aerospace testing market. Technological advancements in aircraft testing such as magnetic optic imagers and 3D scanning will further bolster the growth of aerospace testing market during the next five years. 

DRIVERS

Growing global travel and tourism industry

Stringent aviation regulations

OPPORTUNITIES

Technological advancements

INDUSTRY UPDATES

In August 2019, Element announced the expansion of its bleed air testing capabilities and capacity at its Jupiter, Florida laboratory.

In June 2019, TDM Aerospace signed a partnership agreement with SGS for certification and testing services.

The major players profiled in the Aerospace Testing market include NTS, Element Materials Technology, Intertek Group plc, Aerospace Testing Lab, Inc., AeroTEC, Honeywell International Inc., Lockheed Martin Corporation, MTS Systems Corporation, SGS SA, MISTRAS Group, Inc., and TESTIA.   

Segmentation

The aerospace testing market has been analyzed through the following segments:

  • By Testing Method
    • Destructive Testing
    • Non-Destructive Testing
    • Ultrasonic Testing
    • Acoustic Testing
    • Radiographic Testing
    • Others
  • By Aircraft Type
    • Commercial
    • Business
    • Military
  • By Sourcing
    • In-House Testing
    • Outsource Testing
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the aerospace testing market size by 2024?
A1. The aerospace testing market is expected to reach a market size of US$23.591 billion by 2024.
 
Q2. What is the size of aerospace testing market?
A2. Aerospace Testing market was valued at US$23.470 billion in 2018.
 
Q3. What are the growth prospects for aerospace testing market?
A3. The aerospace testing market is expected to grow at a CAGR of 0.09% during the forecast period.
 
Q4. What factors are anticipated to drive the aerospace testing market growth?
A4. The increasing number of aircraft deliveries owing to growing global travel and tourism industry is one of the major drivers of the aerospace testing market.
 
Q5. Who are the major players in the aerospace testing market report?
A5. The major players profiled in the Aerospace Testing market include NTS, Element Materials Technology, Intertek Group plc, Aerospace Testing Lab, Inc., AeroTEC, Honeywell International Inc., Lockheed Martin Corporation, MTS Systems Corporation, SGS SA, MISTRAS Group, Inc., and TESTIA. 

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