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
OPPORTUNITIES
INDUSTRY UPDATES
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
By Aircraft Type
By Sourcing
By Geography
North America
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
- Brazil
- Argentina
- Others
- United Kingdom
- Germany
- France
- Italy
- Others
- Saudi Arabia
- UAE
- Israel
- Others
- China
- Japan
- India
- South Korea
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. AEROSPACE TESTING MARKET BY TESTING METHOD
6. AEROSPACE TESTING MARKET BY AIRCRAFT TYPE
7. AEROSPACE TESTING MARKET BY SOURCING
8. AEROSPACE TESTING MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- 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.
- TESTIA
Methodology
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