According to IMARC Group’s latest report, “Aviation Test Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” thereached US$ 7.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting a growth rate (CAGR) of 4.5% during 2022-2027. Aviation test equipment (ATE) refers to a range of instruments used to inspect, evaluate, calibrate, and test different elements and hydraulic systems of aircraft. They include tachometers, inertial instruments, indicators/generators, pressure, gyroscopes, and sensitive devices as standard test equipment. These devices are installed in airplanes to supervise and resolve electrical and mechanical issues, conduct performance checks, and repair brakes and other components. Additionally, ATE aids in isolating failures, improving reliability and safety, reducing life-cycle costs, advancing testability, and enabling real-time monitoring from the ground through telemetry transmitters.
Note: 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 sectors. These insights are included in the report as a major market contributor.
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The considerable growth in the aviation industry, the increasing air traffic, and the need for easy-to-install software-adaptable testing solutions to improve the overall mechanical performance of aircarfts are some factors primarily driving the market growth. The rising incidence of air crashes is further influencing product demand. Moreover, the escalating defense budget has prompted the integration of ATE in the armed forces to examine the functioning of multiple weapons and allow the execution of high-end military operations, which is impelling the aviation test equipment industry growth. Additionally, the large-scale integration of cloud computing, artificial intelligence (AI), and traffic collision avoidance systems (TCAS) with onboard surveillance mechanisms is acting as another growth-inducing factor. Besides this, the growing uptake of hydraulic testing to analyze the behavior of aircraft devices under real-world conditions is supporting the aviation test equipment market growth.
Aviation Test Equipment Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global aviation test equipment market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Players Included in Global Research Report:
- Honeywell International Inc.
- General Electric Co.
- Rockwell Collins
- Moog Inc.
- Teradyne Inc.
- SPHEREA Test & Services
- Rolls Royce Holdings Plc
Key Market Segmentation:
The report has segmented the global aviation test equipment market on the basis of type, end-use sector and region.
Breakup by Type:
Breakup by End-Use Sector:
- Commercial Sector
- Defense/Military Sector
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.
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