According to the recent study the Composites Testing Market is projected to reach an estimated $2 billion by 2030 from $1 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing aircraft deliveries, development of new composite applications in various industries, and stringent regulations & certification standards for the safety.
Browse 83 figures/charts
and 59 tables in this 135-page report to understand trends, opportunities and
forecast in composites testing market by end use industry (aerospace and defense,
automotive, wind energy, pipe and tank and others), by type (non-destructive
testing and destructive testing) by product (polymer matrix composites, metal
matrix composites and ceramix matrix composites), and by region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
aerospace and defense will remain the largest and the fastest growing segment
due to growing production of aircrafts and stringent regulation and
certification standards for the aircraft safety. Wind energy is expected to
witness highest growth over the forecast period.
Non-destructive testing
will remain the largest segment and it is also expected to witness the highest
growth during the forecast period due to increasing demand for ultrasonic testing
in the aerospace and defense, wind energy and automotive industry.
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Composites
Testing Market.
APAC will remain the
largest region and it is also expected to witness highest growth over the
forecast period due to the growth of wind energy and automotive end uses in
this region.
Element, Intertek,
Westmoreland Mechanical Testing, Applus +, Mitras Group are the major suppliers in the composites testing market.
This unique research
report 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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