What is Aerospace Testing Market?
Aerospace testing is known to ensure the reliability, safety, and performance of equipment and components for use in commercial aircraft to extreme electromagnetic & environmental conditions helping quickly discover design flaws and bring equipment from development to more cost-effectively and end-users. High-performance test solutions to aerospace manufacturers and test labs around the world are rising, and this is projected the growth in the forecast period.
Highlights from Aerospace Testing Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | NTS (United States), Element Materials Technology (England), MTS Systems Corporation (United States), SGS (Switzerland), Mistras (United States), Intertek (England), Cincinnati Sub-Zero (United States), Dayton T Brown (United States), Airbus (Netherlands) and Boeing (United States) |
Aerospace Testing is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.The Manufacturers having a strong hold in the market are ABB, Siemens, GE, Eaton, and Schneider Electric. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace Testing market throughout the forecasted period.
NTS (United States), Element Materials Technology (England), MTS Systems Corporation (United States), SGS (Switzerland), Mistras (United States), Intertek (England), Cincinnati Sub-Zero (United States), Dayton T Brown (United States), Airbus (Netherlands) and Boeing (United States) are some of the key players profiled in the study. Aerospace Testing Market Segmentation:
Scope | Sub-Segments |
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Testing Method Type | Non- Destructive Testing,Destructive Testing |
Component Type | Airframe,Engine,Interior |
Aircraft Type | Commercial Aircraft,Military Aircraft,Business Jets,Helicopter |
Testing Technique | Dynamic Testing,Material Testing,Climatic Testing,Acoustic Testing,EMC/EMI Testing |
Sourcing Type | In-House Testing,Outsource Testing |
On the basis of geography, the market of Aerospace Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Advanced Technologies for Testing Aircraft Such as Magnetic Optic Imagers and 3D Scanning
Market Growth Drivers:
Increasing Aircraft Deliveries and Growing Aircraft Industry and Stringent Aviation Regulations & Certification Standards for the Aircraft Safety
Challenges:
High Cost Associated with Testing
Restraints:
High Cost Associated with Aerospace Testing
Opportunities:
Increasing Adoption of New Materials Like Composite for Light Weight Application in Aircraft
Key Target Audience
Aircraft Manufacturers, Test labs, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Market Leaders & Development Strategies
On July 31, 2019, Element Materials Technology has expanded its bleed air testing capabilities and capacity at its Jupiter, Florida laboratory. The company has invested in new equipment, including 200KW and 520KW electric heaters, to facilitate the testing for customers in the aerospace sector.
In September 2022, Element Materials Technology, a global leader in testing, inspection, and certification services, acquired National Technical Systems and obtained all necessary regulatory approvals. The acquisition of NTS will further strengthen Element's ability to be a partner throughout the product lifecycle for its customers.