Lucintel Forecasts Composite Testing Market To Reach $1.3 Billion By 2025

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According to the recent study the composite testing market is projected to reach an estimated $1.3 billion by 2025 from $1.0 billion in 2019, at a CAGR of 4.6% from 2020 to 2025. Growth in this market is primarily driven by increasing aircraft deliveries, development of new composite applications in various industries, and stringent regulations & certification standards for the safety.
Browse 79 figures / charts and 59 tables in this 137 -page report to understand trends, opportunities and forecast in composite testing market by source type (in-house and outsource) by end use industry (aerospace and defense, automotive, wind energy, pipe and tank, and others), 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 the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/composite-testing-market.aspx

“Non-destructive testing market is expected to remain the largest segment during ...
... the forecast period.”
Based on type, the composite testing market is segmented into non-destructive testing and destructive testing. Lucintel forecasts that the non-destructive testing market is expected to remain the largest segment and it is also expected to witness the highest growth during the forecast period due to increasing demand for ultrasonic testing in the aerospace and defense, wind energy and automotive industry.
“Within the composite testing market, the aerospace and defense segment is expected to remain the largest end use industry”
Based on end use industry the aerospace and defense segment is expected to witness the highest growth over the forecast period due to growing production of aircrafts and stringent regulation and certification standards for the aircraft safety.
“North America will dominate the composite testing market in near future”
North America will remain the largest region due to presence of aerospace & defense OEMs and part suppliers. Asia Pacific is expected to witness the highest growth over the forecast period due to growing demand for testing from other industries, such as wind energy, automotive, construction, and marine.
Download Brochure of this report by clicking on https://www.lucintel.com/composite-testing-market.aspx
Major players of composite testing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Exova Group Limited, Intertek, Westmoreland Mechanical Testing & Research, Mistras Group, Applus+, Airbus, Boeing and others are among the major composite testing providers.
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 https://www.lucintel.com/composite-testing-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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