Aircraft Nondestructive Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aircraft Nondestructive Testing Market - By Type
1.3.2 Aircraft Nondestructive Testing Market - By Technology
1.3.3 Aircraft Nondestructive Testing Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRCRAFT NONDESTRUCTIVE TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AIRCRAFT NONDESTRUCTIVE TESTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AIRCRAFT NONDESTRUCTIVE TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRCRAFT NONDESTRUCTIVE TESTING - GLOBAL MARKET OVERVIEW
6.2. AIRCRAFT NONDESTRUCTIVE TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRCRAFT NONDESTRUCTIVE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. EQUIPMENT
7.3.1. Overview
7.3.2. Equipment Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. AIRCRAFT NONDESTRUCTIVE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. RADIOGRAPHY
8.3.1. Overview
8.3.2. Radiography Market Forecast and Analysis
8.4. ULTRASONIC
8.4.1. Overview
8.4.2. Ultrasonic Market Forecast and Analysis
8.5. LIQUID PENETRANT
8.5.1. Overview
8.5.2. Liquid Penetrant Market Forecast and Analysis
8.6. EDDY CURRENT
8.6.1. Overview
8.6.2. Eddy Current Market Forecast and Analysis
8.7. MAGNETIC PARTICLE
8.7.1. Overview
8.7.2. Magnetic Particle Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. AIRCRAFT NONDESTRUCTIVE TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aircraft Nondestructive Testing Market Overview
9.1.2 North America Aircraft Nondestructive Testing Market Forecasts and Analysis
9.1.3 North America Aircraft Nondestructive Testing Market Forecasts and Analysis - By Type
9.1.4 North America Aircraft Nondestructive Testing Market Forecasts and Analysis - By Technology
9.1.5 North America Aircraft Nondestructive Testing Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aircraft Nondestructive Testing Market
9.1.5.1.1 United States Aircraft Nondestructive Testing Market by Type
9.1.5.1.2 United States Aircraft Nondestructive Testing Market by Technology
9.1.5.2 Canada Aircraft Nondestructive Testing Market
9.1.5.2.1 Canada Aircraft Nondestructive Testing Market by Type
9.1.5.2.2 Canada Aircraft Nondestructive Testing Market by Technology
9.1.5.3 Mexico Aircraft Nondestructive Testing Market
9.1.5.3.1 Mexico Aircraft Nondestructive Testing Market by Type
9.1.5.3.2 Mexico Aircraft Nondestructive Testing Market by Technology
9.2. EUROPE
9.2.1 Europe Aircraft Nondestructive Testing Market Overview
9.2.2 Europe Aircraft Nondestructive Testing Market Forecasts and Analysis
9.2.3 Europe Aircraft Nondestructive Testing Market Forecasts and Analysis - By Type
9.2.4 Europe Aircraft Nondestructive Testing Market Forecasts and Analysis - By Technology
9.2.5 Europe Aircraft Nondestructive Testing Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aircraft Nondestructive Testing Market
9.2.5.1.1 Germany Aircraft Nondestructive Testing Market by Type
9.2.5.1.2 Germany Aircraft Nondestructive Testing Market by Technology
9.2.5.2 France Aircraft Nondestructive Testing Market
9.2.5.2.1 France Aircraft Nondestructive Testing Market by Type
9.2.5.2.2 France Aircraft Nondestructive Testing Market by Technology
9.2.5.3 Italy Aircraft Nondestructive Testing Market
9.2.5.3.1 Italy Aircraft Nondestructive Testing Market by Type
9.2.5.3.2 Italy Aircraft Nondestructive Testing Market by Technology
9.2.5.4 United Kingdom Aircraft Nondestructive Testing Market
9.2.5.4.1 United Kingdom Aircraft Nondestructive Testing Market by Type
9.2.5.4.2 United Kingdom Aircraft Nondestructive Testing Market by Technology
9.2.5.5 Russia Aircraft Nondestructive Testing Market
9.2.5.5.1 Russia Aircraft Nondestructive Testing Market by Type
9.2.5.5.2 Russia Aircraft Nondestructive Testing Market by Technology
9.2.5.6 Rest of Europe Aircraft Nondestructive Testing Market
9.2.5.6.1 Rest of Europe Aircraft Nondestructive Testing Market by Type
9.2.5.6.2 Rest of Europe Aircraft Nondestructive Testing Market by Technology
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aircraft Nondestructive Testing Market Overview
9.3.2 Asia-Pacific Aircraft Nondestructive Testing Market Forecasts and Analysis
9.3.3 Asia-Pacific Aircraft Nondestructive Testing Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aircraft Nondestructive Testing Market Forecasts and Analysis - By Technology
9.3.5 Asia-Pacific Aircraft Nondestructive Testing Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aircraft Nondestructive Testing Market
9.3.5.1.1 Australia Aircraft Nondestructive Testing Market by Type
9.3.5.1.2 Australia Aircraft Nondestructive Testing Market by Technology
9.3.5.2 China Aircraft Nondestructive Testing Market
9.3.5.2.1 China Aircraft Nondestructive Testing Market by Type
9.3.5.2.2 China Aircraft Nondestructive Testing Market by Technology
9.3.5.3 India Aircraft Nondestructive Testing Market
9.3.5.3.1 India Aircraft Nondestructive Testing Market by Type
9.3.5.3.2 India Aircraft Nondestructive Testing Market by Technology
9.3.5.4 Japan Aircraft Nondestructive Testing Market
9.3.5.4.1 Japan Aircraft Nondestructive Testing Market by Type
9.3.5.4.2 Japan Aircraft Nondestructive Testing Market by Technology
9.3.5.5 South Korea Aircraft Nondestructive Testing Market
9.3.5.5.1 South Korea Aircraft Nondestructive Testing Market by Type
9.3.5.5.2 South Korea Aircraft Nondestructive Testing Market by Technology
9.3.5.6 Rest of Asia-Pacific Aircraft Nondestructive Testing Market
9.3.5.6.1 Rest of Asia-Pacific Aircraft Nondestructive Testing Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aircraft Nondestructive Testing Market by Technology
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aircraft Nondestructive Testing Market Overview
9.4.2 Middle East and Africa Aircraft Nondestructive Testing Market Forecasts and Analysis
9.4.3 Middle East and Africa Aircraft Nondestructive Testing Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aircraft Nondestructive Testing Market Forecasts and Analysis - By Technology
9.4.5 Middle East and Africa Aircraft Nondestructive Testing Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aircraft Nondestructive Testing Market
9.4.5.1.1 South Africa Aircraft Nondestructive Testing Market by Type
9.4.5.1.2 South Africa Aircraft Nondestructive Testing Market by Technology
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AIRCRAFT NONDESTRUCTIVE TESTING MARKET, KEY COMPANY PROFILES
11.1. ARISE GLOBAL PTE. LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FLIR SYSTEMS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FLTECHNICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INTERTEK GROUP PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MISTRAS GROUP, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIKON METROLOGY NV
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OLYMPUS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SGS SA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TEAM INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TÜV RHEINLAND
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Arise Global Pte. Ltd.
2. FLIR Systems, Inc.
3. FLTechnics
4. Intertek Group plc
5. MISTRAS Group, Inc.
6. Nikon Metrology NV
7. OLYMPUS CORPORATION
8. SGS SA
9. TEAM Inc.
10. TÜV Rheinland
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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