Lucintel Blog: Lucintel Forecasts Composites Testing Market to Reach $1.8 Billion by 2028

Monday, October 30, 2023

Lucintel Forecasts Composites Testing Market to Reach $1.8 Billion by 2028

According to the recent study the Composites Testing Market is projected to reach an estimated $1.8 billion by 2028 from $1.3 billion in 2022, at a CAGR of 5.9% from 2022 to 2028. 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).

Download sample report by clicking on below link:

https://www.lucintel.com/composite-testing-market.aspx

“Aerospace and defense market is expected to remain the largest segment during the forecast period.”

Based on end use, the composites testing market is segmented into aerospace and defense, automotive, wind energy, pipe and tank and others. Lucintel forecasts that the aerospace and defense market is expected to remain the largest segment due to growing production of aircrafts and stringent regulation and certification standards for the aircraft safety.

“Within the composites testing market, the Non-destructive testing segment is expected to remain the largest type.”

Based on type the Non-destructive testing segment is expected to witness the highest growth over the forecast period due to increasing demand for ultrasonic testing in the aerospace and defense, wind energy and automotive industry.

“APAC will dominate the composites testing market in near future.”

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.

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

Major players of composites testing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Boeing, Airbus, Exova Group (Element Materials Technology), Intertek Group, Mistras Group, Westmoreland Mechanical Testing & Research, Applus+ are among the major composites testing providers.

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 click on this link https://www.lucintel.com/composite-testing-market.aspx or 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. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer

Director of Client Engagements

Lucintel

Dallas, Texas, USA

Cell: 210-878-7693

roy.almaguer@lucintel.com

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