Global Aviation Test Equipment Market is estimated to reach USD 9,590 million at 6.05% CAGR from 2020 to 2025 (forecast period). The report discusses the opportunities, threats, cost structure, and significant developments in the aviation test equipment market and the effects of COVID-19 on these aspects.
Aviation is an aeronautics field that includes the design, development, manufacture, and operation of aircraft. Aviation test equipment includes devices used for inspection, resolution of electrical and mechanical issues, repairing of brakes, performance tests in the aviation industry. They are commonly used for the maintenance of pneumatic systems, hydraulic systems, and other systems. They have a crucial role in the defense and commercial aviation market in the maintenance of aircraft.
Factors driving the growth of the global market for aviation test equipment include a growth in research and development initiatives for aviation test equipment and high-tech innovations and solutions. The rise in aerospace activity worldwide has led to an increase in global demand for aviation test equipment. The equipment is used for calibration, inspection, qualification testing, and evaluation of various aircraft equipment types. In addition, the aviation test equipment also includes a single axis rate table, manual turn and tilt tables, and vacuum and pressure instrument chamber. Aviation test equipment is often used to manage tests, memorize, record, and monitor results. The main objective of these test equipment is to reduce the cost of the life cycle, improve system reliability and safety, and isolate failures.
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The expansion of the global demand for aviation test equipment can be credited to growing developments in the aviation industry and advances in traditional systems. In addition, this triggers the adoption of modern aviation test equipment. Aviation test equipment includes features that support the improvement and integration of several weapon systems. This, combined with the growing demand for older aircraft maintenance, is expected to fuel sales of aviation test equipment. In addition, the aviation market, especially the defense aircraft segment, is developing technologically advanced aircraft, which has contributed to a need for more sophisticated, specialized test equipment.
Aviation test equipment can be electrical, pneumatic, hydraulic, or power test equipment. Test devices include air data test sets, pilot static adapters, transponder test sets, distance measurement equipment testing. Other essential aviation test equipment includes strategic air navigation system testers, navigation/transmission test sets, GPS satellite simulators, radar test sets, altimeter test sets, battery testers, and engine test sets. The aviation sector faces difficulties in terms of unpredictability because it is difficult to measure the market in this segment.
The rising number of unmanned aerial vehicle testers on the battlefield is the main driver for the aviation test equipment industry. Maintaining several legacy platforms and a short life cycle of the avionics module are the key factors hindering the growth of the industry. The market’s leading opportunities are upgrades to the legacy equipment market, artificial instrumentation, and advanced and new standards in aviation test equipment.
The low-emission GEnx jet engine is one of the primary growth drivers for the aviation test equipment industry. The GEnx engine is an advanced high-thrust jet engine with high fuel efficiency. The engine was developed by Airbus A350 and Boeing 787 Dreamliner aircraft and had numerous advantages, such as reduced NOx emissions and noise-free performance. This engine’s success has led to substantial investments in this sector, which is anticipated to fuel the growth of this market during the evaluation period.
The key players identified by MRFR in the Global Aviation Test Equipment Market are Collins Aerospace (US), Rolls Royce Holdings Plc. (UK), Teradyne Inc. (US), Honeywell International Inc. (US), MOOG, Inc. (US), Boeing (US), 3M Company (US), Ideal Aerosmith Inc. (US), General Electric Co. (US), Lockheed Martin Corporation (US), and Airbus S.A.S (Netherlands).
The global market for aviation test equipment has been segmented into system, aircraft type, and end-user
Based on the system, the global market for aviation test equipment has been segmented into electrical, hydraulic, pneumatic, and power. The hydraulic segment captured the largest market share in 2020 and is projected to have the highest CAGR in the assessment period from 2019 to 2025. Hydraulic systems deliver advantages such as improved protection and low maintenance costs. As a result, the segment is predicted to rise at the highest CAGR during the forecast period.
Based on aircraft type, the global market for aviation test equipment has been segregated into manned and unmanned. In 2020, the manned aircraft segment accounted for a higher market share. However, the unmanned aircraft segment is expected to see a higher CAGR during the forecast period. The increasing adoption of unmanned aerial vehicles is anticipated to propel the growth of the segment.
Based on end-user, the global market for aviation test equipment has been divided into commercial and military. The commercial segment led the market in 2020 and is projected to have a higher CAGR during the evaluation period from 2019 to 2025. Factors such as rising aircraft manufactured to cater to growing air passenger traffic are expected to drive segment growth.
By region, the global market for aviation test equipment has been categorized as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America is projected to have gained the highest market share in 2020. Nonetheless, Asia Pacific is expected to rise with the fastest CAGR in the forecast period. Favorable government policies and access to skilled and cheap labor are expected to drive demand growth in the region.
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