The global commercial 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.
Growing global travel and tourism industry
Stringent aviation regulations
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., Applus+, MTS Systems Corporation, SGS SA, MISTRAS Group, Inc., and TESTIA.
The Global Commercial Aerospace Testing Market has been analyzed through the following segments:
By Testing Method
By Aircraft Size
Middle East and Africa
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Commercial Aerospace Testing Market Analysis, by Testing Method
5.2. Destructive Testing
5.3. Non-Destructive Testing
5.3.1. Ultrasonic Testing
5.3.2. Acoustic Testing
5.3.3. Radiographic Testing
6. Global Commercial Aerospace Testing Market Analysis, by Aircraft Size
7. Global Commercial Aerospace Testing Market Analysis, by Sourcing
7.2. In-House Testing
7.3. Outsource Testing
8. Global Commercial Aerospace Testing Market Analysis, by Geography
8.2. North America
8.3. South America
8.4.1. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.2. Element Materials Technology
10.3. Intertek Group plc
10.4. Aerospace Testing Lab, Inc.
10.6. Honeywell International Inc.
10.8. MTS Systems Corporation
10.9. SGS SA
10.10. MISTRAS Group, Inc.
Element Materials Technology
Intertek Group plc
Aerospace Testing Lab, Inc.
Honeywell International Inc.
MTS Systems Corporation
MISTRAS Group, Inc.
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