Lucintel Blog: Non-destructive testing is expected to remain the largest segment in the global aerospace testing market

Monday, May 10, 2021

Non-destructive testing is expected to remain the largest segment in the global aerospace testing market

An exciting new study from the team of Lucintel found that aerospace testing market is expected to reach $5.3 billion by 2025 with a CAGR of 0.7%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/aerospace-testing-market.aspx

The aerospace testing market is segmented based on aircraft type, sourcing type, method type, component type, and region. In this market, non-destructive testing is expected to remain the largest method type, and commercial aircraft segment is expected to remain the largest aircraft type.

The new advanced technologies for testing aircraft, such as introduction of thin film ultrasonic sensor, sweeper scanner for ultrasonic testing and introduction of advanced NDT inspection device are emerging trends having impact on dynamics of the industry.

Airbus, Boeing, NTS, SGS, Mistras, Innertek, Exova, MTS, Cincinnati Sub-Zero, and Dayton T Brown.are some of the major players profiled in this 152 page report.

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Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the aerospace testing market by aircraft type (commercial/regional aircraft, business jet, helicopter, and military aircraft), by sourcing type (in-house testing and outsource testing), by method type (non-destructive testing and destructive testing), by component type (airframe, engine, and interior), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the aerospace testing market?

Q.4 What are some changing demands of customers in the aerospace testing market?

Q.5 What are the new developments in the aerospace testing market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this aerospace testing area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this aerospace testing market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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