Aerospace Testing Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, France, UK - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 182 SKU: IRTNTR77396

Aerospace Testing Market 2024-2028

The Aerospace Testing Market size is forecast to increase by USD 1.06 billion, at a CAGR of 4.79% between 2023 and 2028. The growth rate of the market depends on several factors, such as the surge in the development of electric and hybrid aircraft, the increasing aircraft testing activities, and the stringent regulatory requirements and evolving standards associated with aircraft.

The report offers extensive research analysis on the market, with a categorization based on Application, including commercial aircraft, business jets, and helicopters. It further segments the market by Type, encompassing non-destructive testing and destructive testing. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges of market growth and forecasting will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Surge in development of electric and hybrid aircraft

The global aviation industry is witnessing a significant shift with the increasing development of electric and hybrid aircraft. In addition, the use of electric and hybrid aircraft in the commercial aviation sector is anticipated to rise in the coming years.  Furthermore, larger commercial aircraft will probably take a longer time to adopt electric technologies than smaller aircraft intended for short-haul flights and specialized tasks.

Moreover, when it comes to aircraft propulsion technologies, electric and hybrid models are quite different from those that run on fossil fuels. In addition, the still fledgling nature of these technologies makes it necessary to develop and deploy entirely new testing techniques and equipment. Furthermore, each and every one of these innovative power trains needs to be closely examined, right from thermal management assessments to battery stress tests. As a result, this fuels the growth of the market focus by creating a huge demand for specialized testing facilities equipped with cutting-edge technology. Hence, such factors are driving the market growth during the forecast period. 

Trends - Integration of AI and ML in aircraft testing labs

Artificial intelligence (AI) and machine learning (ML) algorithms can analyze huge volumes of data generated during aerospace testing, identifying patterns and anomalies that might escape human attention. In addition, this facilitates the automation of repetitive tasks, the faster identification of potential issues, and optimized testing parameters, leading to quicker turnaround times and reduced costs.

Moreover, by learning from historical data and real-time sensor readings, AI can predict component failures before they occur. In addition, this enables proactive maintenance, minimizing downtime, enhancing operational efficiency, and ensuring aircraft safety. Furthermore, AI-powered digital twins and virtual testing environments are emerging as valuable tools for simulating real-world conditions and predicting aircraft behavior. Hence, such factors are driving the market growth during the forecast period.

Challenge - Cybersecurity vulnerabilities associated with aircraft testing

As aircraft are becoming connected and dependent on digital technologies, the risk of cyber-attacks on testing systems and data has increased. In addition, with the increasing reliance on interconnected systems and cloud-based platforms for data storage and analysis, aerospace testing facilities have become attractive targets for cybercriminals.

Moreover, security and data breaches could compromise confidential design-related data, sensitive testing parameters, and even operational control systems, potentially putting aircraft safety at risk. In addition, the sheer volume and complexity of data generated during aerospace testing presents another challenge. Furthermore,  protecting all this data from unauthorized access requires robust cybersecurity infrastructure and expertise. Hence, such factors are hindering the market growth during the forecast period.

Market Segmentation by Application, Type, and Geography

Application Segment Analysis: 

The commercial aircraft segment is estimated to witness significant growth during the forecast period. The market growth of this segment is fuelled by the continuous expansion of the commercial aviation sector, driven by increasing demand for air travel. In addition, the global air travel industry is experiencing a resurgence, with passenger numbers projected to reach pre-pandemic levels by 2024.

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The commercial aircraft segment was the largest segment and was valued at USD 2.47 billion in 2018. Moreover, this surge in demand for air travel necessitates the production of more aircraft, consequently driving the need for extensive testing across the manufacturing and maintenance lifecycle. In addition, as commercial airline operators expand their fleets to accommodate rising passenger numbers, there is a growing need for rigorous testing to ensure the safety, reliability, and compliance of commercial aircraft. Furthermore, the demand for commercial aircraft will witness an increase due to the growth in air travel in key countries such as China, Russia, India, Indonesia, and the US.  Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Type Segment Analysis:

Based on the type, the market has been segmented into non-destructive testing and destructive testing. The non-destructive testing segment will account for the largest share of this segment. Non-destructive testing (NDT)comprises the use of techniques including ultrasonic, radiographic, and magnetic particle testing to inspect and evaluate aircraft components for defects without causing damage. In addition, aircraft components must adhere to stringent safety standards, and NDT technologies like ultrasonic testing and eddy current testing ensure the integrity of materials without damage, preventing catastrophic failures. For example, Airbus SE utilizes phased array ultrasonic testing for composite wing structures, guaranteeing their strength and longevity. In addition, the early detection of flaws through NDT reduces the maintenance costs for aerospace manufacturers when compared to replacing entire components after they fail. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 51% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America is a major region for market growth with a flourishing aviation industry with major players like Boeing, Bombardier, Lockheed Martin, and others. In addition, the region comprises technologically advanced countries and mature markets, such as the US and Canada. Therefore, this is resulting in an ever-increasing demand for aftermarket services for aircraft.  Moreover, the sustained demand for new aircraft, coupled with the regular maintenance needs of existing fleets, drives the demand for comprehensive testing across the aircraft design, manufacturing, and operation phases. Furthermore, the adoption of advanced technologies like composite materials, electric and hybrid propulsion systems, and autonomous aircraft spurs the need for rigorous testing to ensure safety, reliability, and performance. Hence, such factors drive the market growth during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Airbus SE: The company offers aerospace testing services such as wing design testing for wing research and development in five key areas design, fuel systems, landing gear, systems integration and manufacture.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

BAE Systems Plc, Ball Corp., Bureau Veritas SA, DEKRA SE, Element Materials Technology Group Ltd., General Electric Co., Groupe Industriel Marcel Dassault, Illinois Tool Works Inc., Intertek Group Plc, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corp., Mistras Group Inc., Northrop Grumman Corp., Rolls Royce Holdings Plc, RTX Corp., Safran SA, Thales Group, and The Boeing Co. 

Technavio market forecast is an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Commercial aircraft
    • Business jets
    • Helicopters
  • Type Outlook 
    • Non-destructive testing
    • Destructive testing
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Aerospace Testing Market Scope

Report Coverage

Details

Page number

182

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.79%

Market Growth 2024-2028

USD 1.06 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.23

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 51%

Key countries

US, China, Japan, France, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Airbus SE, BAE Systems Plc, Ball Corp., Bureau Veritas SA, DEKRA SE, Element Materials Technology Group Ltd., General Electric Co., Groupe Industriel Marcel Dassault, Illinois Tool Works Inc., Intertek Group Plc, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corp., Mistras Group Inc., Northrop Grumman Corp., Rolls Royce Holdings Plc, RTX Corp., Safran SA, Thales Group, and The Boeing Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aerospace Testing Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the aerospace testing market  between 2023 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough market growth analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive market report analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global aerospace testing market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global aerospace testing market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Commercial aircraft - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Commercial aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Commercial aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Commercial aircraft - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Commercial aircraft - Year-over-year growth 2023-2028 (%)
    • 6.4 Business jets - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Business jets - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Business jets - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Business jets - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Business jets - Year-over-year growth 2023-2028 (%)
    • 6.5 Helicopters - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Helicopters - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Helicopters - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Helicopters - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Helicopters - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Non-destructive testing - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Non-destructive testing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Non-destructive testing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Non-destructive testing - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Non-destructive testing - Year-over-year growth 2023-2028 (%)
    • 7.4 Destructive testing - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Destructive testing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Destructive testing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Destructive testing - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Destructive testing - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 France - Market size and forecast 2023-2028
      • Exhibit 91: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Airbus SE
              • Exhibit 115: Airbus SE - Overview
              • Exhibit 116: Airbus SE - Business segments
              • Exhibit 117: Airbus SE - Key news
              • Exhibit 118: Airbus SE - Key offerings
              • Exhibit 119: Airbus SE - Segment focus
            • 12.4 BAE Systems Plc
              • Exhibit 120: BAE Systems Plc - Overview
              • Exhibit 121: BAE Systems Plc - Business segments
              • Exhibit 122: BAE Systems Plc - Key offerings
              • Exhibit 123: BAE Systems Plc - Segment focus
            • 12.5 General Electric Co.
              • Exhibit 124: General Electric Co. - Overview
              • Exhibit 125: General Electric Co. - Business segments
              • Exhibit 126: General Electric Co. - Key news
              • Exhibit 127: General Electric Co. - Key offerings
              • Exhibit 128: General Electric Co. - Segment focus
            • 12.6 Groupe Industriel Marcel Dassault
              • Exhibit 129: Groupe Industriel Marcel Dassault - Overview
              • Exhibit 130: Groupe Industriel Marcel Dassault - Product / Service
              • Exhibit 131: Groupe Industriel Marcel Dassault - Key offerings
            • 12.7 Illinois Tool Works Inc.
              • Exhibit 132: Illinois Tool Works Inc. - Overview
              • Exhibit 133: Illinois Tool Works Inc. - Business segments
              • Exhibit 134: Illinois Tool Works Inc. - Key news
              • Exhibit 135: Illinois Tool Works Inc. - Key offerings
              • Exhibit 136: Illinois Tool Works Inc. - Segment focus
            • 12.8 Intertek Group Plc
              • Exhibit 137: Intertek Group Plc - Overview
              • Exhibit 138: Intertek Group Plc - Business segments
              • Exhibit 139: Intertek Group Plc - Key news
              • Exhibit 140: Intertek Group Plc - Key offerings
              • Exhibit 141: Intertek Group Plc - Segment focus
            • 12.9 L3Harris Technologies Inc.
              • Exhibit 142: L3Harris Technologies Inc. - Overview
              • Exhibit 143: L3Harris Technologies Inc. - Business segments
              • Exhibit 144: L3Harris Technologies Inc. - Key news
              • Exhibit 145: L3Harris Technologies Inc. - Key offerings
              • Exhibit 146: L3Harris Technologies Inc. - Segment focus
            • 12.10 Lockheed Martin Corp.
              • Exhibit 147: Lockheed Martin Corp. - Overview
              • Exhibit 148: Lockheed Martin Corp. - Business segments
              • Exhibit 149: Lockheed Martin Corp. - Key news
              • Exhibit 150: Lockheed Martin Corp. - Key offerings
              • Exhibit 151: Lockheed Martin Corp. - Segment focus
            • 12.11 Mistras Group Inc.
              • Exhibit 152: Mistras Group Inc. - Overview
              • Exhibit 153: Mistras Group Inc. - Business segments
              • Exhibit 154: Mistras Group Inc. - Key offerings
              • Exhibit 155: Mistras Group Inc. - Segment focus
            • 12.12 Northrop Grumman Corp.
              • Exhibit 156: Northrop Grumman Corp. - Overview
              • Exhibit 157: Northrop Grumman Corp. - Business segments
              • Exhibit 158: Northrop Grumman Corp. - Key news
              • Exhibit 159: Northrop Grumman Corp. - Key offerings
              • Exhibit 160: Northrop Grumman Corp. - Segment focus
            • 12.13 Rolls Royce Holdings Plc
              • Exhibit 161: Rolls Royce Holdings Plc - Overview
              • Exhibit 162: Rolls Royce Holdings Plc - Business segments
              • Exhibit 163: Rolls Royce Holdings Plc - Key news
              • Exhibit 164: Rolls Royce Holdings Plc - Key offerings
              • Exhibit 165: Rolls Royce Holdings Plc - Segment focus
            • 12.14 RTX Corp.
              • Exhibit 166: RTX Corp. - Overview
              • Exhibit 167: RTX Corp. - Business segments
              • Exhibit 168: RTX Corp. - Key news
              • Exhibit 169: RTX Corp. - Key offerings
              • Exhibit 170: RTX Corp. - Segment focus
            • 12.15 Safran SA
              • Exhibit 171: Safran SA - Overview
              • Exhibit 172: Safran SA - Business segments
              • Exhibit 173: Safran SA - Key news
              • Exhibit 174: Safran SA - Key offerings
              • Exhibit 175: Safran SA - Segment focus
            • 12.16 Thales Group
              • Exhibit 176: Thales Group - Overview
              • Exhibit 177: Thales Group - Business segments
              • Exhibit 178: Thales Group - Key news
              • Exhibit 179: Thales Group - Key offerings
              • Exhibit 180: Thales Group - Segment focus
            • 12.17 The Boeing Co.
              • Exhibit 181: The Boeing Co. - Overview
              • Exhibit 182: The Boeing Co. - Business segments
              • Exhibit 183: The Boeing Co. - Key offerings
              • Exhibit 184: The Boeing Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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