Aviation Test Equipment Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By System (Electrical, Hydraulic, Pneumatic, Power), Aircraft Type (Manned, Unmanned), End User (Military and Commercial), and Region– Global Forecast Till 2023
Pune , India – January 14, 2019 —
Aviation Test Equipment Market Analysis
A constant increase has been witnessed each year in the total number of passengers that travel by air. At the same time, a constant increase has also been seen in the demand for new and improved aircraft from the airlines for catering this mushrooming demand. The term aviation has been derived from a Latin word Avis which means bird, the right translation provided that aviation deals with air travels. It is a domain of aeronautics that includes designing, manufacturing, development and also operation of aircrafts. The aviation test equipment comprises of equipment utilized for inspecting, repairing brakes, resolution of mechanical and electrical problems and performance check within the aviation industry. It is largely used for maintaining hydraulic systems, pneumatic systems and many other systems. In fact, they play a pivotal role for maintaining aircraft in the defense and commercial aviation sector. All this has popularized the aviation test equipment market largely.
Fundamentally, aviation test equipment is engaged for inspection, calibration, evaluation as well as qualification testing of various aircraft devices. The aircraft instrumentation devices comprise of weather radar systems, generators, tachometer indicators, pressure sensitive devices, gyroscopes and inertial instruments. It also includes tachometer testers, scorsby tables, tilt tables, manual turn, pressure instrument chamber, vacuum and single axis rate table.
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The aerospace and aviation sector have experienced a rapid growth while the increase in demand for aerospace activities coupled with the aviation technology advancement has automatically increased the demand for the global aviation test equipment market. Testing, calibration, and resolution of every issue are important processes that make the aviation testing equipment inevitable. The innovations in standard aviation systems while the advancements being developed in the designing and manufacturing of new aircraft need the utilization of the aviation test equipment to make sure that everything runs smoothly. The older aircraft meanwhile need aviation test equipment for upholding the quality performance. Aviation test equipment possesses a wide scope especially in the defense sector owing to the widespread adoption of extremely advanced aviation technology that needs sophisticated testing equipment. The increasing need for unmanned aerial cars along with the advancement made in its development has opened new doors for the global aviation test equipment market. Moreover, frequent updates made in aviation test equipment is another good source of aviation test equipment market expansion opportunities and the avionics module’s short lifespan will transform the market growth. The global aviation test equipment market is expected to have a surplus growth at a moderate CAGR over the forecast period (2017-2021). In short, more use of software adaptable solutions, configurable and scalable testers, multi-use test systems for multiple weapons, wavering government expenditure, increase in research and development activities, increased defense budget, and advancements in technology are key driving factors in the global aviation test equipment market.
Some of the key players in the global aviation test equipment market include –
• Honeywell International Inc (U.S.)
• Airbus Group (France)
• The Boeing Company (U.S.)
• Ideal Aerosmith Inc (U.S.)
• Lockheed Martin Corporation (U.S.)
• Rockwell Collins Inc (U.K.)
• General Electric Co (U.S.)
• 3M Company (U.S.)
• Rolls Royce Holdings Plc (England)
• Teradyne Inc (U.S.)
With an aim of expanding the size of its fleet, easyJet on November 2018 collaborated with Airbus for purchase rights especially to firm orders for the 17 A320neo.
Lockheed on March 2018 unveiled its MQ-25 Stingray concept which is basically an unmanned aerial tanker that is carrier based and focuses on the tanker’s test equipment.
In Market Research Future (MFRF) report, the global aviation test equipment market has been segmented on the basis of system, type, and end user.
Based on system, the aviation test equipment market is segmented into pneumatic, hydraulic and electric.
Based on type, it is segmented into manned and unmanned.
Based on end user, the aviation test equipment market is segmented into military and commercial. Of these, the commercial segment is likely to capture the market due to rising number of orders as well as deliveries of commercial aircraft.
North America and Europe are leaders in the global aviation test equipment market. World-renowned military present in North America with the inclination of adopting and developing aircrafts and aviation systems that are highly advanced so the demand for the best quality equipment for the same automatically is likely to support the growth of the market. In this region, the leading market players are actively innovating on the current technology along with having a good number of resources for aviation test equipment which is boosting the market value.
On the other hand, the Asia Pacific region has high chances and a wide scope owing to the shift in focus of the global market leads in this region for manufacturing. There are more factors that are driving the growth of this market in this region including reduced overhead costs and accessibility of cheap labor as well as electric components. Moreover, rising aerospace activities, accessibility of highly skilled labor and initiatives taken by the government for supporting the aviation industry in the region is anticipated to facilitate the growth of the global aviation test equipment market during the forecast period.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Intensity of Competitive Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Aviation Test Equipment Market: by Region, 2017-2023
Table 2 North America Aviation Test Equipment Market: by Country, 2017-2023
Table 3 Europe Aviation Test Equipment Market: by Country, 2017-2023
Table 4 Asia Pacific Aviation Test Equipment Market: by Country, 2017-2023
Table 5 Row Aviation Test Equipment Market: by Country, 2017-2023
Table 6 Aviation Test Equipment Market, by System, 2017-2023
Table 7 North America Aviation Test Equipment Market, by System, 2017-2023
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Name: Abhishek Sawant
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Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
This news is published on Reuters.