The worldwide aerospace tester market is anticipated to reach a value pool of USD 24 Billion in 2022, forecast to flourish at a CAGR of 4.1% to attain a valuation of USD 36 Billion by the conclusion of the forecast period from 2022 to 2032. As of 2021, the market was valued at USD 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) | USD 23 Billion |
| Expected Market Value (2022) | USD 24 Billion |
| Anticipated Forecast Value (2032) | USD 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.
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.
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.
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 | USD 24 Billion |
| Market Value in 2032 | USD 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 | Type of Aircraft, Type of Test, Test Device, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, BENELUX, Russia, China, Japan, South Korea, India, ASIAN, Australia & New Zealand, GCC Countries, Turkey, South Africa |
| Key Companies Profiled | Element Materials Technology; NTS; MOOG INC.; Qualitest International Inc.; ADMET, Inc.; ECA GROUP; CapitalWorks; Teradyne Inc.; Astronics Corporation; Dayton T. Brown, Inc. |
| 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
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Aerospace Tester Market
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