Overview and Scope
An aerospace tester refers to a specialized piece of equipment or system used in the aerospace industry to conduct numerous tests and assessments on aircraft components, systems, or the complete aircraft. It is used to test aircraft equipment’s performance, dependability, durability, and functionality in various situations, including temperature extremes, vibration, pressure, and electromagnetic interference.
Sizing and Forecast
The aerospace tester market size has grown strongly in recent years. It will grow from $23.84 billion in 2023 to $25.10 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased safety concerns, increased complexity of aerospace systems, globalization of aerospace supply chains, increased military modernization programs.
The aerospace tester market size is expected to see steady growth in the next few years. It will grow to $29.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to growing number of aircraft, increasing demand for advanced aircraft, growing focus on safety and regulations, rise of automation and artificial intelligence, focus on cybersecurity. Major trends in the forecast period include product innovations, technological advancements, shift towards additive manufacturing, digitalization, integration of artificial intelligence.
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Segmentation & Regional Insights
The aerospace tester market covered in this report is segmented –
1) By Product Type: Avionics Testers, Communication Testers, Structural Testers, Propulsion System Testers
2) By Application: Flight Control System Testing, Communication System Testing, Engine Testing, Structural Testing, Environmental Testing
3) By End User: Commercial Aviation, Defense and Military, Space and Satellite
Asia-Pacific was the largest region in the aerospace tester market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace tester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expansion of the commercial space industry is expected to propel the growth of the aerospace tester market going forward. The commercial space industry refers to economic activities related to the manufacture and delivery of components that go into Earth’s orbit or beyond, as well as the provision of services derived from those components. The commercial space industry is experiencing rapid growth due to several factors, including growing demand for satellite services, space tourism, asteroid mining, and increasing private investments in this sector. Aerospace testers are used to perform rigorous testing and validation methods to ensure that spacecraft, satellites, propulsion systems, avionics, and other aerospace technology fulfill demanding quality standards and regulatory requirements before being deployed for commercial space missions. For instance, in March 2023, according to the UK Space Agency, a UK-based government agency, total UK space industry income grew by 5.1% in real terms to $22.09 billion in 2020–21. The UK space industry has 1,590 organizations, with 29 new incorporations since last year. Therefore, the expansion of the commercial space industry is driving the growth of the aerospace tester market.
Key Industry Players
Major companies operating in the aerospace tester market are Boeing Company, Lockheed Martin Corporation, Airbus Group, General Electric Co., Northrop Grumman Corporation, BAE Systems Plc, L3Harris Technologies Inc., Illinois Tool Works Inc., Textron Inc., Leonardo S.p.A., Agilent Technologies, Bureau Veritas SA, Keysight Technologies Inc., DEKRA SE, Intertek Group Plc, Teradyne Inc., MOOG INC., Rohde & Schwaz GmbH &Co. KG, Element Materials Technology, National Instruments Corporation, Mistras Group Inc., Astronics Corporation, Qualitest International Inc., Dayton T. Brown Inc., Marvin Test Solutions Inc., ADMET Inc., Ball Corp., NTS Group BV, CapitalWorks, ECA Group
The aerospace tester market report table of contents includes:
1. Executive Summary
2. Aerospace Tester Market Characteristics
3. Aerospace Tester Market Trends And Strategies
4. Aerospace Tester Market – Macro Economic Scenario
5. Global Aerospace Tester Market Size and Growth
…..
32. Global Aerospace Tester Market Competitive Benchmarking
33. Global Aerospace Tester Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aerospace Tester Market
35. Aerospace Tester Market Future Outlook and Potential Analysis
36. Appendix
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