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Aviation Test Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Type:
    • Electrical 
    • Hydraulic
    • Pneumatic
    • Others
       
  • Market Breakup by End-Use Sector:
    • Commercial Sector
    • Defense/Military Sector
    • Others
       
  • Market Breakup by Region:
    • North America
    • Asia Pacific
    • Europe
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

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.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Aviation Test Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by End-Use Sector 
    5.6    Market Breakup by Region
    5.7    Market Forecast
6   Market Breakup by Type
    6.1    Electrical  
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Hydraulic
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Pneumatic
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others
        6.4.1    Market Trends
        6.4.2    Market Forecast
7   Market Breakup by End-Use Sector
    7.1    Commercial Sector
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Defense/Military Sector
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Others 
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Asia Pacific
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Europe
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Honeywell International Inc.
        12.3.2    Boeing
        12.3.3    General Electric Co.
        12.3.4    3M
        12.3.5    Airbus
        12.3.6    Rockwell Collins
        12.3.7    Moog Inc.
        12.3.8    Teradyne Inc. 
        12.3.9    SPHEREA Test & Services
        12.3.10     Rolls Royce Holdings Plc

List of Figures

Figure 1: Global: Aviation Test Equipment Market: Major Drivers and Challenges
Figure 2: Global: Aviation Test Equipment Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Aviation Test Equipment Market: Breakup by Type (in %), 2020
Figure 4: Global: Aviation Test Equipment Market: Breakup by End-Use Sector (in %), 2020
Figure 5: Global: Aviation Test Equipment Market: Breakup by Region (in %), 2020
Figure 6: Global: Aviation Test Equipment Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Aviation Test Equipment Industry: SWOT Analysis
Figure 8: Global: Aviation Test Equipment Industry: Value Chain Analysis
Figure 9: Global: Aviation Test Equipment Industry: Porter’s Five Forces Analysis
Figure 10: Global: Aviation Test Equipment (Electrical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Aviation Test Equipment (Electrical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Aviation Test Equipment (Hydraulic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Aviation Test Equipment (Hydraulic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Aviation Test Equipment (Pneumatic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Aviation Test Equipment (Pneumatic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Aviation Test Equipment (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Aviation Test Equipment (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Aviation Test Equipment (Commercial Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Aviation Test Equipment (Commercial Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Aviation Test Equipment (Defense/Military Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Aviation Test Equipment (Defense/Military Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Aviation Test Equipment (Other End-Use Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Aviation Test Equipment (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: North America: Aviation Test Equipment Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: North America: Aviation Test Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Asia Pacific: Aviation Test Equipment Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Asia Pacific: Aviation Test Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Europe: Aviation Test Equipment Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Europe: Aviation Test Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Middle East and Africa: Aviation Test Equipment Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Middle East and Africa: Aviation Test Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Latin America: Aviation Test Equipment Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Latin America: Aviation Test Equipment Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Aviation Test Equipment Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Aviation Test Equipment Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Aviation Test Equipment Market Forecast: Breakup by End-Use Sector (in Million US$), 2021-2026
Table 4: Global: Aviation Test Equipment Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Aviation Test Equipment Market Structure
Table 6: Global: Aviation Test Equipment Market: Key Players

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Key Question Answered in this Report

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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