Dallas, United States, August 08,2019- According to a new market report published by Lucintel, the future of the global aerospace testing market looks promising with opportunities in the commercial aircraft, business jets, helicopters, and military aircraft. The global aerospace testing market is expected to reach an estimated $5.4 billion by 2023 with a CAGR of 2.1% from 2018 to 2023. The major growth drivers for this market are increasing aircraft deliveries, adoption of new materials in aircraft, and stringent aviation regulations & certification standards for the aircraft safety.

In this market, commercial aircraft, business jets, helicopter, and military aircraft are the major aircraft types. Lucintel forecasts that commercial aircraft will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing aircraft deliveries.

Within the global aerospace testing market, in-house testing is expected to remain the largest segment by sourcing type, as it reduces cost and time for testing. Outsource testing is expected to witness the highest growth during the forecast period.

Non-destructive and destructive testing are the two methods of testing. Non-destructive testing is expected to remain the largest segment during the forecast period because it helps OEMs in replacing and repairing the components before costly problems arise.

There are five main types of testing techniques: dynamic testing, material testing, climatic testing, acoustic testing, and EMC/EMI. Lucintel forecasts that dynamic testing will remain the largest segment during the forecast period because it helps to determine the overall performance of aircraft and ensures the safety of the aircraft.

North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include new advanced technologies for testing aircraft such as 3D scanning and magnetic optic imagers. Airbus, Boeing, Lockheed Martin, NTS, SGS, Mistras, Innertek, Exova, MTS, and Dayton T Brown are among the major providers of aerospace testing.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace testing market by aircraft type, sourcing type, testing method type, testing technique, component type, and region and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Aerospace Testing Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace testing market by aircraft type, sourcing type, testing method type, testing technique, component, and region as follows:

By Aircraft Type ($M shipment analysis from 2012 to 2023):

• Commercial Aircraft

• Business Jets

• Helicopter

• Military Aircraft

By Sourcing Type ($M shipment analysis from 2012 to 2023):

• In-House Testing

• Outsource Testing

By Testing Method Type ($M shipment analysis from 2012 to 2023):

• Non- Destructive Testing

• Destructive Testing

By Testing Technique ($M shipment analysis from 2012 to 2023):

• Dynamic Testing

• Material Testing

• Climatic Testing

• Acoustic Testing

• EMC/EMI Testing

By Component Type ($M shipment analysis from 2012 to 2023):

• Airframe

• Engine

• Interior

By Region ($M shipment analysis from 2012 to 2023):

• North America

• Europe

• Asia Pacific

• The Rest of the World

This 152 - page 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 helpdesk@lucintel.com. Lucintel offerings include Aerospace Report, Defense Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

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.