Composites Testing Equipment Market
Report code - SRAM153 | Published On : NA | Status: Upcoming

Global Composites Testing Equipment Market by End-Use Industry Type (Aerospace & Defense, Transportation, Building & Construction, Wind Energy, Marine, and Others), by Composite Type (Polymer Matrix Composites, Ceramic Matrix Composites, and Metal Matrix Composites), by Testing Type (Destruction and Non-Destruction), by Technique Type (Volumetric Examination, Surface Examination, Condition Monitoring, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022

This report, from Stratview Research, studies the composites testing equipment market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

The Global Composites Testing Equipment Market: Highlights

The global composites testing equipment market is projected to witness a healthy CAGR of 6.7% over the next five years, driven by increasing production rates of the best-selling aircraft coupled with increasing penetration for composites, development of new composite applications in different industries, increasing demand for quality products, increasing research & development activities, increasing demand for the light-weight materials, and introduction of stringent regulations.

The global composites testing market is segmented based on the end-use industry as aerospace & defense, transportation, building & construction, wind energy, marine, and others. The aerospace & defense is expected to remain the most dominant segment of testing equipment in the composites industry over the next five years. Increasing production rates of the key commercial and regional aircraft, such as B737, B787, A350XWB, A320, and Bombardier C Series; development of new aircraft or variant of existing programs, such as B737max, A320neo, B777x, and A330 neo; introduction of stringent regulations; and increasing penetration of composites are the major drivers of the market.

Transportation is estimated to experience the highest growth during the forecast period, driven by increasing penetration of composites in the structural parts in the automotive industry. Increasing penetration of composites is largely because of implementation of stringent regulations on automakers by governments of many countries regarding the enhancement in the fuel efficiency and reduction in the carbon emissions.

Based on the composite type, the global composites testing equipment market is segmented as polymer matrix composites, ceramic matrix composites, and metal matrix composites. Polymer matrix composite generates the highest demand for testing equipment and is expected to remain the largest composite type over the next five years, driven by the dominance of polymer matrix composites in various end-use industries.

The global composites testing equipment market is segmented based on the testing type as destructive and non-destructive. Destructive testing equipment is further segmented into impact testing, static testing, dynamic testing, and others. Similarly, non-destructive testing equipment is further segmented into radiography testing equipment, shearography testing equipment, ultrasonic inspection equipment, visual inspection equipment, eddy-current testing equipment, thermography testing equipment, and others. Non-destructive testing equipment is expected to remain the most dominant over the next five years, driven by its higher usage in a wide array of end-use industries ranging from aerospace & defense, transportation, to wind energy. 

North America holds the highest share in the global composite testing equipment market, driven by the USA. The region is the manufacturing capital of the advanced composites industry with the presence of all the major players. This region also holds healthy share in the other composite markets including wind energy, transportation, building & construction, and marine. The continuous shift of automobile manufacturing plants to Mexico is likely to create a strong demand for composites as well as the testing equipment.

Asia-Pacific is projected to witness the highest growth during the forecast period, driven by China and India. Development of indigenous commercial, regional, and military aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ; commencement of assembly plants of major commercial aircraft, such as A320 in the China; the highest wind turbine installation; and increasing penetration of composites in the transportation industry are some of the major growth drivers of the region.

General Electric Company, Olympus Corporation, Sonatest Ltd., Mistras Group, Yxlon International GmbH, Zetec, Inc., Ashtead Technology Inc., and Bosello High Technology SRL are the key players of the testing equipment for the composites industry. New product development and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

The composites testing equipment market is segmented into the following categories. 

Global Composites Testing Equipment Market by End-Use Industry:

  • Aerospace & Defense (Regional Analysis: NA, Europe, APAC, and RoW)
  • Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
  • Building & Construction (Regional Analysis: NA, Europe, APAC, and RoW)
  • Wind Energy (Regional Analysis: NA, Europe, APAC, and RoW)
  • Marine (Regional Analysis: NA, Europe, APAC, and RoW)
  • Others (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composites Testing Equipment Market by Composite Type:

  • Polymer Matrix Composites (Regional Analysis: NA, Europe, APAC, and RoW)
  • Ceramic Matrix Composites (Regional Analysis: NA, Europe, APAC, and RoW)
  • Metal Matrix Composites (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composites Testing Equipment Market by Testing Type:

  • Destructive Testing
    • Regional Analysis (NA, Europe, APAC, and RoW)
    • Testing Type Analysis (Impact Testing Equipment, Static Testing Equipment, Dynamic Testing Equipment, and Others)
  • Non-Destructive Testing
    • Regional Analysis (NA, Europe, APAC, and RoW)
    • Testing Type Analysis (Radiography Testing Equipment, Shearography Testing Equipment, Ultrasonic Inspection Equipment, Visual Inspection Equipment, Eddy-Current Testing Equipment, Thermography Testing Equipment, and Others)

Global Composites Testing Equipment Market by Technique Type:

  • Volumetric Examination (Regional Analysis: NA, Europe, APAC, and RoW)
  • Surface Examination (Regional Analysis: NA, Europe, APAC, and RoW)
  • Condition Monitoring (Regional Analysis: NA, Europe, APAC, and RoW)
  • Others (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composites Testing Equipment Market by Region:

  • North America (Country Analysis: USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the world (Country Analysis: Brazil, Argentina, and Others) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3)
  • SWOT analysis of key players (up to 3)

Market Segmentation

  • Current market segmentation of any one of the end-use Industry by testing equipment type 

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com


List of Figures
List of Tables
Disclaimer
Copyright
Abbreviation
Currency Exchange
About Us
Research Methodology
Secondary Research
Key Information Gathered from Secondary Research
Primary Research
Key Information Gathered from Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
Data Analysis and Triangulation
Report Scope
Report Objectives 


1.    Executive Summary 


2.    Global Composites Testing Equipment Market: Overview and Market Forces
2.1.          Introduction
2.2.          Market Classification
2.2.1.               By End-Use Industry
2.2.2.               By Composite Type
2.2.3.               By Testing Type
2.2.4.               By Technique Type
2.2.5.               By Region
2.3.          Market Drivers
2.4.          Market Constraints
2.5.          Supply Chain Analysis
2.6.          Industry Life Cycle Analysis
2.7.          PEST Analysis: Impact Assessment of Changing Business Environment
2.8.          Porter’s Five Forces Analysis
2.8.1.               Bargaining Power of Suppliers
2.8.2.               Bargaining Power of Customers
2.8.3.               Threat of New Entrants
2.8.4.               Threat of Substitutes
2.8.5.               Competitive Rivalry
2.9.          SWOT Analysis 


3.    Global Composites Testing Equipment (CTE) Market – By End-Use Industry
3.1.          Strategic Insights
3.2.          Aerospace & Defense: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.2.1.               Regional Trend and Forecast (US$ Million)
3.3.          Transportation: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.3.1.               Regional Trend and Forecast (US$ Million)
3.4.          Building & Construction: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.4.1.               Regional Trend and Forecast (US$ Million)
3.5.          Wind Energy: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.5.1.               Regional Trend and Forecast (US$ Million)
3.6.          Marine: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.6.1.               Regional Trend and Forecast (US$ Million)
3.7.          Others: Composites Testing Equipment Market Trend and Forecast (US$ Million)
3.7.1.               Regional Trend and Forecast (US$ Million) 


4.    Global Composites Testing Equipment Market – By Composite Type
4.1.          Strategic Insights
4.2.          Polymer Matrix Composites Testing Equipment Market Trend and Forecast (US$ Million)
4.2.1.               Regional Trend and Forecast (US$ Million)
4.3.          Ceramic Matrix Composites Testing Equipment Market Trend and Forecast (US$ Million)
4.3.1.               Regional Trend and Forecast (US$ Million)
4.4.          Metal Matrix Composites Testing Equipment Market Trend and Forecast (US$ Million)
4.4.1.               Regional Trend and Forecast (US$ Million) 


5.    Global Composites Testing Equipment Market – By Testing Type
5.1.          Strategic Insights
5.2.          Destructive Composites Testing Equipment Market Trend and Forecast (US$ Million)
5.2.1.               Testing Equipment Type Analysis
5.2.1.1.                      Impact Testing Equipment Market Trend and Forecast (US$ Million)
5.2.1.2.                      Static Testing Equipment Market Trend and Forecast (US$ Million)
5.2.1.3.                      Dynamic Testing Equipment Market Trend and Forecast (US$ Million)
5.2.1.4.                      Other Destructive Testing Market Trend and Forecast (US$ Million)
5.2.2.               Regional Trend and Forecast (US$ Million)
5.3.          Non-Destructive Composites Testing Equipment Market Trend and Forecast (US$ Million)
5.3.1.               Testing Equipment Type Analysis
5.3.1.1.                      Radiography Testing Equipment Market Trend and Forecast (US$ Million)
5.3.1.2.                      Shearography Testing Equipment Market Trend and Forecast (US$ Million)
5.3.1.3.                      Ultrasonic Inspection Equipment Market Trend and Forecast (US$ Million)
5.3.1.4.                      Visual Inspection Equipment Market Trend and Forecast (US$ Million)
5.3.1.5.                      Eddy-Current Testing Equipment Market Trend and Forecast (US$ Million)
5.3.1.6.                      Thermography Testing Equipment Market Trend and Forecast (US$ Million)
5.3.1.7.                      Other Testing Equipment Market Trend and Forecast (US$ Million)
5.3.2.               Regional Trend and Forecast (US$ Million) 

6.    Global Composites Testing Equipment Market – By Technique Type
6.1.          Strategic Insights
6.2.          Volumetric Examination: Composites Testing Equipment Market Trend and Forecast (US$ Million)
6.2.1.               Regional Trend and Forecast (US$ Million)
6.3.          Surface Examination: Composites Testing Equipment Market Trend and Forecast (US$ Million)
6.3.1.               Regional Trend and Forecast (US$ Million)
6.4.          Condition Monitoring: Composites Testing Equipment Market Trend and Forecast (US$ Million)
6.4.1.               Regional Trend and Forecast (US$ Million)
6.5.          Others: Composites Testing Equipment Market Trend and Forecast (US$ Million)
6.5.1.               Regional Trend and Forecast (US$ Million) 

7.    Global Composites Testing Equipment Market – By Region
7.1.          Strategic Insights
7.2.          North America’s Composites Testing Equipment Market Analysis
7.2.1.               North American Composites Testing Equipment Market Trend and Forecast, by Country (US$ Million)
7.2.1.1.                      The USA: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.2.1.2.                      Canada: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.2.1.3.                      Mexico: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.2.2.               North American Composites Testing Equipment Market Trend and Forecast, by End-Use Industry (US$ Million)
7.2.3.               North American Composites Testing Equipment Market Trend and Forecast, by Composite Type (US$ Million)
7.2.4.               North American Composites Testing Equipment Market Trend and Forecast, by Testing Type (US$ Million)
7.2.5.               North American Composites Testing Equipment Market Trend and Forecast, by Technique Type (US$ Million)
7.3.          Europe’s Composites Testing Equipment Market Analysis
7.3.1.               European Composites Testing Equipment Market Trend and Forecast, by Country (US$ Million)
7.3.1.1.                      Germany: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.3.1.2.                      France: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.3.1.3.                      The UK: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.3.1.4.                      Russia: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.3.1.5.                      Rest of Europe: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.3.2.               European Composites Testing Equipment Market Trend and Forecast, by End-Use Industry Type (US$ Million)
7.3.3.               European Composites Testing Equipment Market Trend and Forecast, by Composite Type (US$ Million)
7.3.4.               European Composites Testing Equipment Market Trend and Forecast, by Testing Type (US$ Million)
7.3.5.               European Composites Testing Equipment Market Trend and Forecast, by Technique Type (US$ Million)
7.4.          Asia-Pacific’s Composites Testing Equipment Market Analysis
7.4.1.               Asia-Pacific’s Composites Testing Equipment Market Trend and Forecast, by Country (US$ Million)
7.4.1.1.                      China: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.4.1.2.                      Japan: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.4.1.3.                      India: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.4.1.4.                      Rest of Asia-Pacific: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.4.2.               Asia-Pacific’s Composites Testing Equipment Market Trend and Forecast, by End-Use Industry (US$ Million)
7.4.3.               Asia-Pacific’s Composites Testing Equipment Market Trend and Forecast, by Composite Type (US$ Million)
7.4.4.               Asia-Pacific’s Composites Testing Equipment Market Trend and Forecast, by Testing Type (US$ Million)
7.4.5.               Asia-Pacific’s Composites Testing Equipment Market Trend and Forecast, by Technique Type (US$ Million)
7.5.          Rest of the World’s (RoW) Composites Testing Equipment Market Analysis
7.5.1.               RoW’s Composites Testing Equipment Market Trend and Forecast, by Country (US$ Million)
7.5.1.1.                      Middle East: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.5.1.2.                      Latin America: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.5.1.3.                      Others: Composites Testing Equipment Market Trend and Forecast (US$ Million)
7.5.2.               RoW’s Composites Testing Equipment Market Trend and Forecast, by End-Use Industry (US$ Million)
7.5.3.               RoW’s Composites Testing Equipment Market Trend and Forecast, by Composite Type (US$ Million)
7.5.4.               RoW’s Composites Testing Equipment Market Trend and Forecast, by Testing Type (US$ Million)
7.5.5.               RoW’s Composites Testing Equipment Market Trend and Forecast, by Technique Type (US$ Million) 

8.    Competitive Analysis
8.1.          Strategic Insights
8.2.          Product Portfolio Analysis
8.3.          Presence by Composite Type
8.4.          Geographical Presence
8.5.          New Product Launches
8.6.          Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.
8.7.          Market Share Analysis 


9.    Strategic Growth Opportunities
9.1.          Strategic Insights
9.2.          Market Attractive Analysis
9.2.1.               Market Attractiveness by End-Use Industry
9.2.2.               Market Attractiveness by Composite Type
9.2.3.               Market Attractiveness by Testing Equipment Type
9.2.4.               Market Attractiveness by Technique Type
9.2.5.               Market Attractiveness by Region
9.2.6.               Market Attractiveness by Country
9.3.          Emerging Trends
9.4.          Growth Matrix Analysis
9.5.          Key Success Factors 


10.  Company Profile of Key Players
10.1.       Ashtead Technology Inc. 
10.2.       Bosello High Technology SRL
10.3.       Eddyfi NDT Inc.
10.4.       General Electric Company 
10.5.       Magnaflux Corporation 
10.6.       Mistras Group
10.7.       Olympus Corporation
10.8.       Sonatest Ltd. 
10.9.       Yxlon International GmbH 
10.10.    Zetec, Inc. 




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