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The global aviation test equipment market reached a value of around US$ 7 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Aviation test equipment refers to various instruments that are used for the maintenance of electrical power and hydraulic systems in an aircraft. They are primarily used for calibration, inspection, evaluation and testing of various aircraft devices. These equipments aim to inspect and resolve electrical and mechanical issues, conduct performance checks, and repair the brakes and other components of the aircraft. Vacuum and pressure instrument chambers, manual turn and tilt tables, single axis rate tables and tachometer testers are some of the common aviation test equipment.
The flourishing aerospace and defense industries are the key factors driving the market growth. Aviation test equipment is used to manage tests and monitor and report results. They also aid in the construction, improvement and integration of several weapon systems, which contributes to their extensive demand in the defense sector. The increasing trend of software-adaptable solutions coupled with their ability of testing multiple weapons is also augmenting the market growth. Enhanced focus on research and development (R&D) to develop more advanced product variants is further driving the industry growth. Moreover, the changing trends in the aviation sector, which often fuse the innovations with traditional systems is expected to create a positive outlook for the market. Other factors contributing to the market growth include increasing defense budget and the rise in expenditure on the aviation industry by governments of several nations across the globe.
IMARC Group’s latest report provides a deep insight into the global aviation test equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aviation test equipment market in any manner.
The report has also analyzed the competitive landscape of the market with some of the key players being Honeywell International Inc., Boeing, General Electric Co., 3M, Airbus, Rockwell Collins, Moog Inc., Teradyne Inc., SPHEREA Test & Services, Rolls Royce Holdings Plc, etc.
The global aviation test equipment market reached a value of around US$ 7 Billion in 2020.
According to the estimates by IMARC Group, the global aviation test equipment market will exhibit moderate growth during the next five years.
Some of the major trends in the market are the growing popularity of software-adaptable solutions in the aerospace industry, rising expenditure in the aviation industry by governments of numerous countries and increasing investments in research and development (R&D) projects to develop advanced variants.
There is an increase in the application of aviation test equipment in the defense and military sector as it assists in the construction, improvement and integration of several weapon systems in an aircraft.
The spread of the coronavirus disease (COVID-19) has negatively impacted the growth of the market. This can be accredited to lockdowns imposed by governments of numerous countries to contain the spread of the pandemic, which, in turn, has disrupted the domestic and international airline services across the globe.
Bases on the type, the market has been segregated into electrical, hydraulic, pneumatic and others.
Based on the end use sector, the market has been classified into commercial, defense/military and other industries.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
Leading industry players are Honeywell International Inc., Boeing Company, GE Group, 3M Company, Collins Aerospace, Airbus SAS, Moog Inc., Teradyne Inc., SPHEREA Test & Services SAS and Rolls Royce Holdings Plc.
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