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Aviation test equipment facilitates the performance check and maintenance of different systems such as hydraulic, electrical, power, and pneumatic. Increasing military, as well as commercial applications of aircraft, is likely to fuel demand for testing equipment over the next few years. An observation offered by Market Research Future (MRFR), suggests that the global aviation test equipment market is anticipated to expand at over 6% CAGR during the projection period 2017 to 2023.Increasing demand for increasing the life span of existing aircraft has led to technological innovation in test equipment. In order to support the requirements of the older aircraft, this equipment has evolved in recent years. This, in turn, is expected to catapult the aviation test equipment market on upward trajectory.
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Increasing research & development is expected to unleash developmental opportunities into the market in the upcoming years. In addition, the increasing procurement of military aircraft all across the globe is likely to propel the expansion of aviation test equipment market over the next couple of years. Increasing defense budget allocations is poised to boost the growth pattern of the market in the years to come.
Increasing commercial activities in the aviation industry are poised to influence the growth rate of the aviation test equipment market greatly in the nearby future. Also, the growth of the market can be ascribed to the development of new technologies, changing industry trends, etc. However, on the flip side, the short life span of avionics module is likely to check the pace of market growth over the forecast period.
Competitive Dashboard:
Rolls Royce Holdings Plc. (England), Teradyne Inc. (U.S.), 3M Company (U.S.), Rockwell Collins Inc. (U.K), General Electric Co. (U.S.), Airbus Group (France), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Ideal Aerosmith Inc. (U.S.), and Honeywell International Inc. (U.S.) are some of the noteworthy players participating in the global aviation test equipment market. These players are projected to play a significant role in the expansion of the market over the next couple of years.
Intended Audience
• Aviation test equipment providers
• System manufacturers
• Aircraft manufacturers
• Airline companies
• Technology companies
• Government authorities
• Research institutes
• Regulatory bodies
Latest Industry Developments:
In July 2018, Airbus, a European multinational aerospace corporation, is working on testing its electric aircraft projects. It has already tested a four-seated air taxi, CityAirbus, in May.
In May 2019, Lufthansa Technik, an MRO & completions specialist, is working on increasing automation at its facility which includes the development of a robot to facilitate avionics components checks.
Market Segmentation:
The key segments of the aviation test equipment market identified in this report based on system are electrical, pneumatic, hydraulic, and power.
The two types of aircraft studied in details for the assessment of the aviation test equipment market are manned and unmanned.
Military and commercial are the two end-user segments analyzed in MRFR’s study of the global aviation test equipment market.
Regional Analysis:
The geographical analysis of the global aviation test equipment market is covered in this MRFR report on both regional and country-level basis. The major regions identified in this report are North America, Asia Pacific (APAC), South America, the Middle East & Africa (MEA), and Europe. North America and Europe are the two prime regional segments of the global market. These segments are poised to expected to exhibit substantial growth over the next couple of years owing to the presence of renowned key players. The Middle East & Africa (MEA) is anticipated to register a moderate growth pace through the forecast period. Asia Pacific resonates immense growth potential and is likely to witness growth in the foreseeable future. Availability of cheap labor, favorable laws & regulations, and skilled employees are anticipated to drive the expansion of the aviation test equipment market in the region over the review period.
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Key Insights
• Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments
• Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
• Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
• Technology trends, regulatory landscape, and patent analysis outlook
• Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
List of Tables
Table 1 Global Aviation Test Equipment Market, by Region, 2019–2025
Table 2 North America: Aviation Test Equipment Market, by Country, 2019–2025
Table 3 Europe: Aviation Test Equipment Market, by Country, 2019–2025
Table 4 Asia-pacific: Aviation Test Equipment Market, by Country, 2019–2025
Table 5 Middle East & Africa: Aviation Test Equipment Market, by Country, 2019–2025
Table 6 Latin America: Aviation Test Equipment Market, by Country, 2019–2025
Table 7 Global Aviation Test Equipment Market Size, by Region, 2019–2025
Table 8 North America: Aviation Test Equipment Market Size, by Country, 2019–2025
Table 9 Europe: Aviation Test Equipment Market Size, by Country, 2019–2025
Table 10 Asia-pacific: Aviation Test Equipment Market Size, by Country, 2019–2025
Continued.......
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Aviation Test Equipment Market Share, by System, 2018 (%)
Figure 9 Global Aviation Test Equipment Market, by System, 2019–2025 (Usd Million)
Figure 10 Global Aviation Test Equipment Market Share, by Aircraft Type, 2018 (%)
Continued........
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/aviation-test-equipment-market-1668
Release ID: 88918023
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