Composite Testing Market is expected to reach $1.3 Billion by 2025 – An exclusive market research report by Lucintel

July 28 11:42 2021
Composite Testing Market is expected to reach $1.3 Billion by 2025 - An exclusive market research report by Lucintel

Trends and Forecast for the Global Composite Testing Market
Trends, opportunities and forecast in composites testing market to 2025 by source type (in-house and outsource) by end use industry (aerospace and defense, automotive, wind energy, pipe and tank and others), by type (non-destructive testing and destructive testing) by product (polymer matrix composites, metal matrix composites and ceramix matrix composites), and by region (North America, Europe, Asia Pacific and ROW)

Lucintel’s latest market report analyzed that composite testing provides attractive opportunities in aerospace & defense, automotive, and wind energy end use industry. The composite testing market is expected to reach $1.3 billion by 2025 with a CAGR of 4.6%. In this market, non-destructive testing is the largest segment by type, whereas aerospace and defense is largest by end use industry. The gaining popularity of shearography testing in aerospace, and wind energy end use industry provides strategic growth path in this market.

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Based on type, the composite testing market is segmented into non-destructive testing and destructive testing. The non-destructive testing segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing demand for ultrasonic testing in the aerospace and defense, wind energy and automotive industry.

Browse in-depth TOC on “Composite Testing Market”

59 – Tables

79 – Figures

137 – Pages

The composite testing market is marked by the presence of several big and small players. Some of the prominent players offering composite testing include Exova Group Limited, Intertek, Westmoreland Mechanical Testing & Research, Mistras Group, Applus+, Airbus, Boeing and others.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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