Global Aviation Test Equipment Market Analysis 2022
The Global Aviation Test Equipment Market is expected to reach $9.93 billion by 2028 growing at a CAGR of 5.0% from 2021 to 2028. 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 analysed afterward.
Factors such as flourishing aerospace and defense industries and enhanced focus on research and development (R&D) to develop more advanced product variants are driving the growth of the market. However, limited life duration of avionics, reduction in defense budgets, and maintenance of legacy platforms are restraining the growth of the market.
Based on end user, the commercial sector segment is going to have a lucrative growth during the forecast period which can be attributed to 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 key vendors mentioned are 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.
Aircraft Types Covered:
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