DALLAS, Oct. 31, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global aerospace testing market looks promising with opportunities in the commercial aircraft, business jets, helicopters, and military aircraft. The global aerospace testing market is expected to reach an estimated $5.4 billion by 2023 with a CAGR of 2.1% from 2018 to 2023. The major growth drivers for this market are increasing aircraft deliveries, adoption of new materials in aircraft, and stringent aviation regulations & certification standards for the aircraft safety.
Browse 60 market data tables and 63 figures spread through 142 pages and in-depth TOC on “Global Aerospace Testing Market" at https://www.lucintel.com/aerospace-testing-market-2018-2023.aspx
In this market, commercial aircraft, business jet, helicopter, and military aircraft are used for aerospace testing manufacturing for aircraft type. Lucintel forecasts that commercial aircraft will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing aircraft deliveries. Download Free PDF Brochure @ https://www.lucintel.com/aerospace-testing-market-2018-2023.aspx#/
North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries in this region. Pre-Purchase Query click https://www.lucintel.com/aerospace-testing-market-2018-2023.aspx#/
Emerging trends, which have a direct impact on the dynamics of the global aerospace testing industry, include new advanced technologies for testing aircraft such as 3D scanning and magnetic optic imagers. Airbus, Boeing, Lockheed Martin, NTS, SGS, Mistras, Innertek, Exova, MTS, and Dayton T Brown and others are among the major suppliers of aerospace testing.
Within the global aerospace testing market, in-house testing is expected to remain the largest segment by sourcing type, as it reduces cost and time for testing. Outsource testing is expected to witness the highest growth during the forecast period.
Lucintel, a leading global market research firm has analyzed and forecasted growth opportunities for global aerospace testing market by aircraft type, sourcing type, testing method type, component type, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Aerospace Testing Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.