Global Aviation Test Equipment Market 2024-2028
The aviation test equipment market is forecasted to grow by USD 2030.69 mn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the aviation test equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing aircraft testing activities, stringent regulatory requirements and evolving standards associated with aircraft, and surge in development of electric and hybrid aircraft.
Technavio's aviation test equipment market is segmented as below:
By Application
By Type
- Electric
- Hydraulic
- Pneumatic
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the opening of new aircraft testing labs as one of the prime reasons driving the aviation test equipment market growth during the next few years. Also, rising focus on advanced materials and composites for aircraft and integration of ai and ml in aircraft testing labs will lead to sizable demand in the market.
The report on the aviation test equipment market covers the following areas:
- Aviation test equipment market sizing
- Aviation test equipment market forecast
- Aviation test equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aviation test equipment market vendors that include Airbus SE, AMETEK Inc., ATEQ AVIATION, BAE Systems Plc, Cobham Ltd., Curtiss Wright Corp., dSPACE GmbH, General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Leonardo DRS, Lockheed Martin Corp., Moog Inc., Northrop Grumman Corp., Rolls Royce Holdings Plc, RTX Corp., Safran SA, Textron Inc., Thales Group, and The Boeing Co. Also, the aviation test equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.