PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1590391
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1590391
The global aerospace testing was valued at USD 5.29 billion in 2024 and is projected to reach USD 6.68 billion by 2029; it is expected to register a CAGR of 4.8% during the forecast period. Several key factors that drive the aerospace testing market include stringent safety and regulatory standards, technological advancements and the growing global fleet of production and defence aircraft. The FAA and EASA regulatory bodies demand rigorous testing and quality checks; thus, advanced testing services are needed to continue and the demand is confirmed. Furthermore, given the ongoing advancement of the aerospace industry toward lightweight materials, additive manufacturing, and digitalization, more and more demand is being created for the specialized testing of new materials and complex components to assure durability and performance.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Testing Type, Sourcing Type, End-user, and Region |
Regions covered | North America, Europe, APAC, RoW |
"The in-house sourcing segment of aerospace testing market is expected to have significant market share during the forecast period."
During the forecast period, it is probable that the in-house sourcing segment will lead the market for aerospace testing as it provides aerospace manufacturers with control, customization, and confidentiality in the testing process. Companies utilizing in-house testing processes will also control their proprietary technology and sensitive data. This is a key function in the defense and aerospace industries. Additionally, in-house testing facilities enable the development of highly customized testing protocols that can enhance the efficiency of the R&D process for a specific product design based on the in-house testing facilities. As materials, propulsion systems, and avionics technology develop, the in-house facilities of manufacturers enable them to rapidly evolve and innovate with no reliance on third parties schedules, which increases lead times, and improves the quality control of their products.
"The Environmental Testing services to record significant growth rate during the forecast period"
During the forecast period, the aerospace testing market is poised to have a high expansion rate for environmental testing services, as an increasing number of aerospace components are being tested to find out if they will be able to withstand extreme temperatures and conditions. Due to the continued exposure of the aircraft to harsh environments, such as violent changes in temperature, high altitudes, humidity, and vibration, it has been necessary to test the components to ensure that they are able to stand up to these conditions without compromising the aircraft's safety or performance. Environmental tests are needed in order to validate newly developed materials and designs associated with portable, but revolutionary, new propulsion systems and fuel-saving efforts that are being developed as part of the move toward sustainable aviation in order to reduce fuel consumption.
"The Europe is likely to grow at the significant CAGR during the forecast period."
Due to the increasing investments in aerospace innovation, defense, and commercial aviation, the aerospace testing market is poised to grow at a significant CAGR during the forecast period, with Europe being an area in focus. Countries such as France, Germany, and the UK are main leading aerospace manufacturing hubs whose demand for advanced services relies on the development of next generation aircraft, defense systems, and sustainable aviation technologies. More importantly, strict regulatory standards of agencies such as the EASA-European Union Aviation Safety Agency facilitate the need for extensive testing and compliance, thereby giving an impetus to market growth. Also, European green aviation and efforts toward low carbon emissions also help in supporting the demand for testing services that validate efficiency in technologies applied to fuel consumption.
Breakdown of primaries
The aerospace testing market is dominated by a few globally established players such as Element Materials Technology (UK), SGS SA (Switzerland), Intertek Group plc (UK), Applus+ (Spain), TUV SUD (Germany), TUV Rheinland (Germany), TUV NORD Group (Germany), Rohde & Schwarz (Germany), Eurofins Scientific (Luxembourg), The Boeing Company (US), Airbus (Netherlands), MISTRAS Group (US), Lockheed Martin Corporation (US), Bureau Veritas (France), and DEKRA (Germany). The study includes an in-depth competitive analysis of these key players in the aerospace testing market, with their company profiles, recent developments, and key market strategies.
The report segments the aerospace testing market and forecasts its size by testing type, sourcing type, and vertical. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the aerospace testing ecosystem.