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Aerospace Testing Market - Forecasts from 2019 to 2024

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    Report

  • 108 Pages
  • September 2019
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 4849592
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
  • 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
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

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. AEROSPACE TESTING MARKET BY TESTING METHOD
5.1. Destructive Testing
5.2. Non-Destructive Testing
5.2.1. Ultrasonic Testing
5.2.2. Acoustic Testing
5.2.3. Radiographic Testing
5.2.4. Others
6. AEROSPACE TESTING MARKET BY AIRCRAFT TYPE
6.1. Commercial
6.2. Business
6.3. Military
7. AEROSPACE TESTING MARKET BY SOURCING
7.1. In-House Testing
7.2. Outsource Testing
8. AEROSPACE TESTING MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Israel
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. South Korea
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Company Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. NTS
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. Lockheed Martin Corporation
10.8. MTS Systems Corporation
10.9. SGS SA
10.10. MISTRAS Group, Inc.
10.11. TESTIA

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