Aircraft Nondestructive Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Nondestructive testing is an innovative technique for detecting and evaluating a variety of defects in materials used in the aerospace industry. This approach is primarily used in the aerospace industry for the design and construction of a variety of equipment that is used for a variety of purposes. It is the most precise method for testing aircraft components and materials without causing any harm. Destructive testing can also be used to determine the tensile strength, fracture toughness, including flexibility of aircraft components. The growth of the aerospace industry in recent years has provided many opportunities for companies in the global aircraft nondestructive testing market to expand. In the coming years, growing investments in research and development of efficient products will bode well for the market's growth. As a result, the arrival of many large-scale corporations would provide a boost to the industry's growth in years to come. The overall aircraft nondestructive testing market is expected to register a huge CAGR growth during the forecast period.

MARKET DYNAMICS

Various factors such as increased investments in the aerospace and defense industry, increasing the automation of machines and systems that require continuous inspection for structural integrity are major drivers of growth in the aircraft nondestructive testing market. Also computed radiography testing method is becoming a trend in the market. As compared to other research methods, computed radiography offers major cost advantages in the aerospace and defense industry because it reduces additional costs. Radiography testing ranges in size from microminiature electronic parts to large missile components used in the aerospace and defense industries, as economic justification is a major requirement for any testing process. However, absence of technical workforce and low awareness among developing countries may restrain the growth of the aircraft nondestructive testing market. Furthermore, increase in government intervention for safety legislation mandating the use of nondestructive testing techniques for obtaining clearances is further anticipated to create market opportunities for the aircraft nondestructive testing market during the forecast period.

MARKET SCOPE

The "Global Aircraft Nondestructive Testing Market Analysis to 2031" is a specialized and in-depth study of the aircraft nondestructive testing market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft nondestructive testing market with detailed market segmentation by type, technology, and geography. The global aircraft nondestructive testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft nondestructive testing market players and offers key trends and opportunities in the aircraft nondestructive testing market.

MARKET SEGMENTATION

The global aircraft nondestructive testing market is segmented on the basis of type and technology. On the basis of type, the market is segmented as equipment and services. Similarly, on the basis of technology, the market is segmented as radiography, ultrasonic, liquid penetrant, eddy current, magnetic particle, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global aircraft nondestructive testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aircraft nondestructive testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting aircraft nondestructive testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the aircraft nondestructive testing market in these regions.

MARKET PLAYERS

The reports cover key developments in the aircraft nondestructive testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft nondestructive testing market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft nondestructive testing market. Below mentioned is the list of few companies engaged in the aircraft nondestructive testing market.

The report also includes the profiles of key aircraft nondestructive testing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Arise Global Pte. Ltd.
•   FLTechnics
•   Intertek Group plc
•   OLYMPUS CORPORATION
•   FLIR Systems, Inc.
•   MISTRAS Group, Inc.
•   Nikon Metrology NV
•   SGS SA
•   TEAM Inc.
•   TÜV Rheinland

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Nondestructive Testing Report Scope