Global Aerospace & Life Sciences Testing, Inspection, and Certification Market to Reach $48.4 Billion by 2030
The global market for Aerospace & Life Sciences Testing, Inspection, and Certification estimated at US$36.2 Billion in the year 2023, is expected to reach US$48.4 Billion by 2030, growing at a CAGR of 4.3% over the period 2023-2030. In-House Testing, Inspection, and Certification, one of the segments analyzed in the report, is expected to record 4.2% CAGR and reach US$32.7 Billion by the end of the analysis period. Growth in the Outsourced Testing, Inspection, and Certification segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.6 Billion, While China is Forecast to Grow at 6.7% CAGR
The Aerospace & Life Sciences Testing, Inspection, and Certification market in the U.S. is estimated at US$9.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
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