Global Commercial Aerospace Testing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Testing Method (Destructive Testing, Non-Destructive Testing, Ultrasonic Testing, Acoustic Testing, Radiographic Testing, Others), By Aircraft Size (Small, Medium, Large), By End-User (In-House Testing, Outsource Testing), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061613111 Pages: 138

The global commercial aerospace testing market was valued at US$15.637 billion in 2020 and is expected to grow at a CAGR of 3.46% during the forecast period to reach a total market size of US$19.847 billion in 2027. 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.

DRIVERS

The Growing global travel and tourism industry is expected to increase the demand for commercial aerospace testing due to the increase in demand for commercial aircraft. Additionally, Stringent aviation regulations are also predicted to drive the growth of the market in the forecasted period. Additionally, the legal authority allowing the application of drones for commercial use is expected to drive growth in the market as it aids in increasing the potential revenue pipeline for various aircraft manufacturers. For instance, the Federal Aviation Authority of the US was reported to issue an Operations Over People rule which came into effect on April 21, 2021. According to it, drone pilots operating under Part 107 were allowed to fly at night, over people and moving vehicles without the need for a waiver as long as they met the requirements defined in that rule. Airspace authorizations are still mandatory for nightly operations in controlled airspace under an elevation of 400 feet.  Relaxation of these regulations is thus expected to aid the market for commercial drones in the forecast period, which will in turn fuel the market for aviation testing in the sector as well, hence, driving growth. Numerous other countries follow the regulatory lead of the FAA in order to clear commercial drones for take-off around the world and not just in the US. This, in combination with the launch of reliable and stronger drones by various companies specifically for commercial use, like the drones manufactured by the Chinese market player, DJI, along with the public sales of these commercial drones is projected to drive growth in the market as well.

OPPORTUNITIES

Technological advancements in the industry are expected to put forward lucrative opportunities for players in the industry.

INDUSTRY UPDATES

  • In October 2020, NDT announced the launch of its new and advanced NDT (Non-Destructive) product series, like Nebula, Kelpie, and Belenus. These products were innovated and designed to simplify NDT inspections and also provide improved efficiency by reducing downtime.
  • 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.

COVID-19 Impact on the Commercial Aerospace Testing Market

The outbreak of COVID-19 pandemic severely impacted the aerospace, aviation, and other related industries. The spread of coronavirus across the world led to subsequent lockdowns which further led to a trail of border closures and the shutting down of production facilities and industries across the globe. This disruption caused by the pandemic left an impact on the aerospace industry for a very long time. The COVID-19 scenario resulted in a reduction in the volume of production of commercial aircraft, owing to which, the demand for the aerospace testing market was very negatively affected. Furthermore, there was also a halt in overall commercial flights across the globe which led to a decrease in the demand for the aerospace services such as testing. The IRBD (International Bank for Reconstruction and Development) reported that the spread of the virus affected the aviation industry as it recorded very few air passengers in 2020 as compared to 4,3 million in 2019. Major aircraft manufacturers in the industry, like Boeing and Airbus, were reported to have reduced their production forecasts by approximately 50%. Further, GE and Nikon Metrology experienced a decline in their revenue by 19.59% and 19.90% respectively in 2020, according to their annual reports. The total airline industry reported a drop in their revenue by about 40% to a figure of $328 billion in 2020 due to the declining demand for air travel and a wide-scale cancellation of flights. In August 2020, Virgin Atlantic, a major airline was reported to have filed for bankruptcy, owing to the negative impact of COVID-19 on the company, thus negatively impacting the market.  Virgin Atlantic faced an adverse consequence of the pandemic and thus filed for bankruptcy in order to nail its rescue plan.

Global Commercial Aerospace Testing Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$15.637 billion
 Market Size Value in 2027  US$19.847 billion
 Growth Rate  CAGR of 3.46% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Testing Methods, Aircraft Size, Sourcing, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered National Technical Systems, Inc., Element Materials Technology, Intertek Group plc, Aerospace Testing Lab, Inc., AeroTEC, Honeywell International Inc., Applus+, MTS Systems Corporation, SGS SA, MISTRAS Group, Inc., TESTIA
 Customization Scope  Free report customization with purchase

 

Segmentation

The Global Commercial Aerospace Testing Market has been analyzed through the following segments:

  • By Testing Methods
    • 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
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the commercial aerospace testing market size by 2027?
A1. The global commercial aerospace testing market is expected to reach a market size of US$19.847 billion in 2027.


Q2. What factors are anticipated to drive the commercial aerospace testing market growth?
A2. 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.


Q3. What are the growth prospects for the commercial aerospace testing market?
A3. The commercial aerospace testing market is expected to grow at a CAGR of 3.46% during the forecast period.


Q4. What is the size of the global commercial aerospace testing market?
A4. Commercial Aerospace Testing Market was valued at US$15.637 billion in 2020.


Q5. How is the global commercial aerospace testing market segmented?
A5. The commercial aerospace testing market has been segmented by testing methods, aircraft size, sourcing, and geography.


1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

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, BY TESTING METHOD

5.1. Introduction

5.2. Destructive Testing

5.3. Non-Destructive Testing

5.4. Ultrasonic Testing

5.5. Acoustic Testing

5.6. Radiographic Testing

5.7. Others

 

6. GLOBAL COMMERCIAL AEROSPACE TESTING MARKET, BY AIRCRAFT SIZE

6.1. Introduction

6.2. Small

6.3. Medium

6.4. Large

 

7. GLOBAL COMMERCIAL AEROSPACE TESTING MARKET, BY SOURCING

7.1. Introduction

7.2. In-House Testing

7.3. Outsource Testing

 

8. GLOBAL COMMERCIAL AEROSPACE TESTING MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Taiwan 

8.6.8. Others

 

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

10.1. National Technical Systems, Inc.

10.2. Element Materials Technology

10.3. Intertek Group plc

10.4. Aerospace Testing Lab, Inc.

10.5. AeroTEC

10.6. Honeywell International Inc.

10.7. Applus+

10.8. MTS Systems Corporation

10.9. SGS SA

10.10. MISTRAS Group, Inc.

10.11. TESTIA

National Technical Systems, Inc.

Element Materials Technology

Intertek Group plc

Aerospace Testing Lab, Inc.

AeroTEC

Honeywell International Inc.

Applus+

MTS Systems Corporation

SGS SA

MISTRAS Group, Inc.

TESTIA

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us