The worldwide aerospace tester market is anticipated to reach a value pool of US$ 24 Billion in 2022, forecast to flourish at a CAGR of 4.1% to attain a valuation of US$ 36 Billion by the conclusion of the forecast period from 2022 to 2032. As of 2021, the market was valued at US$ 23 Billion and is poised to register a Y-o-Y increase worth 4.3% in 2022.
Owing to the rising prevalence of aircraft deliveries, the use of new materials in aircraft, and stringent aviation regulations and certification standards for aircraft safety are the prominent drivers for this market. New advanced technologies for testing aircraft, such as the introduction of thin film ultrasonic sensors, sweeper scanners for ultrasonic testing, and the introduction of advanced NDT inspection devices, are the latest trends that have a direct influence on the dynamics of the aerospace tester industry globally.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 23 Billion |
| Expected Market Value (2022) | US$ 24 Billion |
| Anticipated Forecast Value (2032) | US$ 36 Billion |
| Projected Growth Rate (2022 to 2032) | 4.1% CAGR |
A result of the large majority of aircraft and soaring concerns about safety are boosting the demand for the aerospace tester market. Aircraft testing is among the most critical tasks in the aerospace industry throughout production and implementation. Aerospace testers perform mechanical and electrical testing on aircraft components and materials. Aerospace testing is governed by regulations and standards, and it also necessitates accreditation.
Compressive testing, tensile testing, flexural testing, fatigue testing, and other key tests are performed by the aerospace tester. Custom aerospace testers and sophisticated universal aerospace testers are available from vendors. These aerospace testers measure elongation, breaking strength, fracture toughness, fatigue life cycle, ductility, and other properties.
Aerospace tester vendors provide advanced software and accessories such as the environmental chamber to run the test while guaranteeing the reproducibility and repeatability of the test result. Aerospace testers are also available from vendors that meet various regulatory criteria and standards such as the American Society for Testing and Materials (ASTM), the International Organization for Standardization (ISO), the A2LA standard, and others.
Flexural testing is performed by aerospace testers to verify material stiffness and other properties. Upgraded aerospace testers with advanced testing functionalities such as environmental simulation, dynamic testing, EMI/ENC, fuel testing, and other tests are available from vendors. ATA iSpec 2200, S1000D, MIL-STD-40051-1/2, AMCOM variants, and other standards and specifications play important roles in the aerospace tester market. Continuous innovation and development in the aerospace tester market are significantly propelling the worldwide aerospace tester market.
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The market for aerospace testers is primarily driven by the growing proportion of aircraft. Aerospace testers are in huge demand owing to the stringent standards for aircraft testing during manufacturing. Continuous technological advancements and software upgrades are projected to significantly drive the aerospace tester market during the forecast period.
On the other hand, another major driver of the aerospace tester market is the rising number of aircraft deliveries as the global travel and tourism industry expands. Stringent aviation regulations governing aircraft safety in various countries are increasing demand for aerospace testing services, positively impacting the growth of the aerospace testing market during the forecast period from 2022 to 2032. In the next ten years, technological advancements in aircraft testing, such as magnetic optic imagers and 3D scanning, will surge the growth of the aerospace testing market.
The manufacturers in the aerospace tester market are using the most advanced technologies as well as devices to fulfill the demand of the buyers. But still, the aerospace tester market is not short of impediments.
One of the biggest threats to this industry is software failure and false data recording and this continues to be a major challenge for the worldwide aerospace tester market. Nevertheless, vendors are constantly working to develop sophisticated software to address the current challenges.
Principal Consultant
Asia is forecasted to surge up at the quickest pace in the upcoming years. As a result of increasing disposable income as well as urbanization, more and more people are beginning to travel a lot more than they used to.
Hence, the demand for more aircraft has soared to whole another level which is in turn anticipated to surge the sales of aerospace testers in the region over the assessment period from 2022 to 2032. Moreover, the aerospace tester market is experiencing rapid year-on-year growth due to an increase in the number of aircraft in developing countries such as China and India.
According to Future Market Insights, North America is anticipated to attain a significant market share of the global aerospace tester market. This is because of the presence of an enormous number of aircraft manufacturers in the USA. Owing to this, the demand for aerospace testers is on a spike in North America, and this trend is anticipated to continue during the projected timeframe from 2022 to 2032.
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Some of the key participants present in the global aerospace tester market include Element Materials Technology, NTS, MOOG INC., Qualitest International Inc., ADMET, Inc., ECA GROUP, CapitalWorks, Teradyne Inc., Astronics Corporation, Dayton T. Brown, Inc. and others.
The aerospace tester manufacturers are now shifting their focus to the Asia-Pacific region as a result of government initiatives, the availability of cheap labor, and skilled employees.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.1% from 2022 to 2032 |
| Market Value in 2022 | US$ 24 Billion |
| Market Value in 2032 | US$ 36 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global Aerospace Tester market to expand at a 4.1% value CAGR by 2032
Asia is expected to be the most opportunistic Aerospace Tester market
Element Materials Technology, NTS, MOOG INC., and Qualitest International Inc. are some prominent Aerospace Tester manufacturers
1. Executive Summary | Aerospace Tester Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type of Aircraft
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type of Aircraft, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type of Aircraft, 2022 to 2032
5.3.1. Passenger Aircraft
5.3.2. Goods Aircraft
5.3.3. Naval Aircraft
5.3.4. Other Types of Aircraft
5.4. Y-o-Y Growth Trend Analysis By Type of Aircraft, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type of Aircraft, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type of Test
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type of Test, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type of Test, 2022 to 2032
6.3.1. Fuel Testing
6.3.2. Electromagnetic Compatibility Testing
6.3.3. Electromagnetic Interference Testing
6.3.4. Other Types of Tests
6.4. Y-o-Y Growth Trend Analysis By Type of Test, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Type of Test, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Test Device
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Test Device, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Test Device, 2022 to 2032
7.3.1. Tensile Tester
7.3.2. Fogging Tester
7.3.3. Surface Roughness Tester
7.3.4. Optical Comparator
7.3.5. Ultrasonic Tester
7.3.6. Other Test Devices
7.4. Y-o-Y Growth Trend Analysis By Test Device, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Test Device, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type of Aircraft
9.2.3. By Type of Test
9.2.4. By Test Device
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type of Aircraft
9.3.3. By Type of Test
9.3.4. By Test Device
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Mexico
10.2.1.2. Brazil
10.2.1.3. Rest of Latin America
10.2.2. By Type of Aircraft
10.2.3. By Type of Test
10.2.4. By Test Device
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type of Aircraft
10.3.3. By Type of Test
10.3.4. By Test Device
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. United Kingdom
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Russia
11.2.1.8. Rest of Europe
11.2.2. By Type of Aircraft
11.2.3. By Type of Test
11.2.4. By Test Device
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type of Aircraft
11.3.3. By Type of Test
11.3.4. By Test Device
11.4. Key Takeaways
12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Type of Aircraft
12.2.3. By Type of Test
12.2.4. By Test Device
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type of Aircraft
12.3.3. By Type of Test
12.3.4. By Test Device
12.4. Key Takeaways
13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. ASEAN
13.2.1.3. Australia and New Zealand
13.2.1.4. Rest of South Asia & Pacific
13.2.2. By Type of Aircraft
13.2.3. By Type of Test
13.2.4. By Test Device
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type of Aircraft
13.3.3. By Type of Test
13.3.4. By Test Device
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. Turkey
14.2.1.3. South Africa
14.2.1.4. Rest of Middle East and Africa
14.2.2. By Type of Aircraft
14.2.3. By Type of Test
14.2.4. By Test Device
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type of Aircraft
14.3.3. By Type of Test
14.3.4. By Test Device
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Type of Aircraft
15.1.2.2. By Type of Test
15.1.2.3. By Test Device
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Type of Aircraft
15.2.2.2. By Type of Test
15.2.2.3. By Test Device
15.3. Mexico
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Type of Aircraft
15.3.2.2. By Type of Test
15.3.2.3. By Test Device
15.4. Brazil
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Type of Aircraft
15.4.2.2. By Type of Test
15.4.2.3. By Test Device
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Type of Aircraft
15.5.2.2. By Type of Test
15.5.2.3. By Test Device
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Type of Aircraft
15.6.2.2. By Type of Test
15.6.2.3. By Test Device
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Type of Aircraft
15.7.2.2. By Type of Test
15.7.2.3. By Test Device
15.8. United Kingdom
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Type of Aircraft
15.8.2.2. By Type of Test
15.8.2.3. By Test Device
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Type of Aircraft
15.9.2.2. By Type of Test
15.9.2.3. By Test Device
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Type of Aircraft
15.10.2.2. By Type of Test
15.10.2.3. By Test Device
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Type of Aircraft
15.11.2.2. By Type of Test
15.11.2.3. By Test Device
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Type of Aircraft
15.12.2.2. By Type of Test
15.12.2.3. By Test Device
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Type of Aircraft
15.13.2.2. By Type of Test
15.13.2.3. By Test Device
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Type of Aircraft
15.14.2.2. By Type of Test
15.14.2.3. By Test Device
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Type of Aircraft
15.15.2.2. By Type of Test
15.15.2.3. By Test Device
15.16. ASIAN
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Type of Aircraft
15.16.2.2. By Type of Test
15.16.2.3. By Test Device
15.17. Australia and New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Type of Aircraft
15.17.2.2. By Type of Test
15.17.2.3. By Test Device
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Type of Aircraft
15.18.2.2. By Type of Test
15.18.2.3. By Test Device
15.19. Turkey
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Type of Aircraft
15.19.2.2. By Type of Test
15.19.2.3. By Test Device
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Type of Aircraft
15.20.2.2. By Type of Test
15.20.2.3. By Test Device
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type of Aircraft
16.3.3. By Type of Test
16.3.4. By Test Device
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Element Materials Technology
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. NTS
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. MOOG INC.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Qualitest International Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. ADMET, Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. ECA GROUP
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. CapitalWorks
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Teradyne Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Astronics Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Dayton T. Brown, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Aerospace Tester Market
