The aerospace testing market is projected to grow at a CAGR of 4.32% between 2025 to 2030.
An increasing number of aircraft deliveries, owing to the growing global travel and tourism industry, is one of the major drivers of the aerospace testing market. Stringent aviation regulations regarding aircraft safety across different countries are further boosting the demand for aerospace testing services, thus positively impacting the growth of the aerospace testing market. Technological advancements in aircraft testing, such as magnetic optic imagers and 3D scanning, will further bolster the growth of the aerospace testing market during the next five years.
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.
Aerospace Testing Market Segmentation:
The aerospace testing market has been analyzed through the following segments: