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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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