Aviation Test Equipment Market Forecasts to 2028 – Global Analysis By Aircraft Type (Manned, Unmanned), Product Type (Hydraulic Test Equipment, Pneumatic Test Equipment), End User (Commercial, Defense/Military) and By Geography
According to Stratistics MRC, the Global Aviation Test Equipment Market is accounted for $7.41 billion in 2022 and is expected to reach $9.93 billion by 2028 growing at a CAGR of 5.0% during the forecast period. Aviation test instrumentation refers to monitoring and recording equipment installed on airplanes during flight testing. It is mostly employed on experimental, prototype, and development aircraft, both military and civil, and can monitor a variety of data ranging from component temperatures to engine speed. This is generally shown in the cockpit or cabin to allow the aircrew to monitor the aircraft while it is in flight, and it is usually recorded so that the data may be analyzed afterward.
During the last 15 years, global air traffic increased by more than two-thirds, reaching roughly 39 million flights carried out in 2019. However, there is a significant cost of flying on the environment through carbon dioxide (CO2) emissions and other pollutants. In 2019, commercial aviation firms emitted over 900 million metric tons of CO2, which is an increase from 627 million metric tons of CO2 emissions in 2004. In 2020, the majority of passenger aviation activities were canceled across the globe due to the coronavirus (COVID-19) pandemic. As a result, the aviation industry experienced a roughly 60 percent decline in CO2 emissions during 2020 compared to 2019. Fuel accounted for the biggest expense in the aviation Industry in financial year 2020, followed by Flight equipment, maintenance and overhaul with nearly 15 percent of the total expenditure. IndiGo, the private owned operator had the highest operating expense of over 341 billion Indian rupees in fiscal year 2020 in comparison with other state and private airlines.
Market Dynamics:
Driver:
The rapid advancement of defense aircraft technology
The growth of the global aviation test equipment market can be attributed to the constantly changing trends in the aviation industry and the increasing focus advancing the existing systems. This has, in turn, triggered the adoption of modern testers. The aviation test equipment has the capabilities and architecture that will help in enhancing and integrating various weapon systems.
Restraint:
Lower profit margin of supplier
Lower profit margin of supplier is considered as the restraining factor in the Aviation Test Equipment market. These factors hinder the growth of the market to a great extent. The flight area is relied upon to experience difficulties related to a short life expectancy of the aeronautics module and inheritance stages. The expansion in include of wellbeing tests in elevated automated vehicles for combat zone applications can control the market development in the estimated time frame.
Opportunity:
Growing demand for maintenance of older aircrafts
Shipments in the aviation sector have been increasing, especially in civil aircraft sales. Increased sales of aviation test equipment are expected to be helped by this development, as well as increased demand for maintenance of older aircraft. Furthermore, with technological advances, the aviation sector, especially defense aircraft, has seen an increase in complex systems, resulting in a demand for sophisticated test equipment.
Threat:
Sustainment of legacy platforms
Problems such as the limited life length of avionics modules and the maintenance of legacy platforms are restricting the market’s growth. The chief features that are limiting the growth of the market are sustainment of the several legacy platforms and a very small life span of avionics module.
The commercial sector segment is expected to be the largest during the forecast period
Commercial sector is projected to hold the largest share in the market. The constantly rising number of commercial aircraft orders both rotary and fixed-wing, is facilitating the aviation test equipment growth. The commercial aircraft manufacturers are consistently looking for advanced technologies, which are anticipated to drive the market.
The manned segment is projected to be the highest market share during the forecast period
Manned segment is estimated to hold the highest market share in the market as fixed and rotary-wing aircraft are multifaceted assemblies comprising of several electrical and mechanical components, which results in forming a comprehensive mechanical structure. As mechanical integrity is the major concern of several aircraft manufacturers as well as maintenance teams, appropriate electrical bonding is important to ensure that all control and communications systems operate accurately and reliably.
Region with largest share:
The Asia Pacific is projected to hold the largest share in the market. The demand has seen an upsurge particularly in the Asian nations such as India and China that comprise of large populations and a rapidly developing economy.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR due to the rise in air traffic and growth in the number of new airport construction projects in emerging countries such as India and China. Furthermore, an increase in disposable income, an upsurge in the tourism industry as well a growing demand for higher operational efficiency are expected to enhance the growth of the airport baggage handling system market.
Key players in the market:
Some of the key players profiled in the Aviation Test Equipment Market include 3M, Airbus, Astronics Corporation, Avtron Aerospace, Inc., BAE Systems, Bauer Inc., Boeing, Duncan Aviation, ECA Group, General Electric Co., Honeywell International Inc., Hydraulics International Inc., Lockheed Martin Corporation, Moog, Inc., Rockwell Collins, Rolls Royce Holdings Plc, Teradyne Inc., and Testek Inc.
Key developments:
In December 2020: Duncan Aviation, a rumored business fly MRO supplier situated in the U.S. will finish its new combustibility lab in Battle Creek, Michigan. They are making space for the Engineering and Certification Services group to extend their testing capacities that incorporate the FAR 25.853, additionally alluded to as sonic burner test or NexGen.
In July 2019, Astronics Corporation announced acquisition of Freedom Communication Technologies, Inc., developer communication test equipment based in the US. FCT provides an extensive range of capabilities, including automated radio testing and alignment, coverage mapping, and interference analysis.
In February 2019, BAE Systems entered into an agreement with Advanced Military Maintenance Repair and Overhaul Center to deliver the testing of the equipment BAE Systems for F-16 platform.
Aircraft Types Covered:
• Manned
• Unmanned
Product Types Covered:
• Electrical/Electronic Test Equipment
• Engine Test Equipment
• Hydraulic Test Equipment
• Pneumatic Test Equipment
• Power Test Equipment
Components Covered:
• Software
• Hardware
Test Types Covered:
• Ground Test
• Flight Test
Aircraft Types Covered:
• Rotary Wing Aircraft
• Fixed Wing Aircraft
End Users Covered:
• Commercial Sector
• Defense/Military Sector
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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