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.
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., Applus+, MTS Systems Corporation, SGS SA, MISTRAS Group, Inc., and TESTIA.
Segmentation
The Global Commercial 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 Size
Small
Medium
Large
By Sourcing
In-House Testing
Outsource Testing
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Others
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