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Global Aviation Test Equipment Market to Reach US$ 8.9 Billion by 2027, Propelled by Increasing Adoption of Unmanned Aerial Vehicles

Published on Sep 01, 2022

According to the latest report by IMARC Group, titled “Aviation Test Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global aviation test equipment market size reached US$ 7.0 Billion in 2021. Aviation test equipment refers to different instruments that are used to maintain electrical and water-powered systems in an airplane. They are responsible for alignment, examination, calibration, and testing of various aircraft components, and overseeing tests, screening and report results. These tools can effectively inspect and repair electrical and mechanical issues, conduct performance checks, and repair brakes and other parts of the aircraft. Some of the benefits of using these tools include enhanced safety and consistency, improved testability, and reduced lifetime costs. Vacuum and tension instrument chambers, single hub rate tables, manual turn and slant tables, tachometer analyzers, indicators and generators are some of the commonly used test equipment.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Aviation Test Equipment Market Trends:

The global market is majorly driven by the increasing adoption of unmanned aerial vehicles (UAVs) by government bodies of several countries. This can be attributed to a considerable rise in the military expenditure, along with the constantly changing geopolitical situations across the globe. Also, the escalating demand for air travel, along with the rising number of passenger aircraft, are providing an impetus to the market growth. The incorporation of advanced technologies, such as artificial intelligence (AI), big data analytics, and the internet of things (IoT), in drones is resulting in a higher product uptake across numerous end-use industries, thereby fueling the aviation test equipment market. Some of the other factors that are creating a positive market outlook include rapid urbanization and industrialization, rising stringency on border security measures, and extensive research and development (R&D) activities focusing on advanced technologies. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 8.9 Billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027.
 

Market Summary:

  • Based on the type, the market has been segmented into electrical, hydraulic, pneumatic, and others.
  • On the basis of the end use sector, the market has been divided into the commercial sector, defense/military sector, and others.
  • On the geographical front, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Honeywell International Inc., Boeing, General Electric Co., 3M, AirbusRockwell Collins, Moog Inc., Teradyne Inc. , SPHEREA Test & Services, and Rolls Royce Holdings Plc.

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