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Aviation Test Equipment Market Outlook to 2027- Avtron Aerospace, Bauer, ECA Group, Hydraulics International, Teradyne, Testek, TEST-FUCHS

11-14-2019 09:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Aviation Test Equipment Market

Aviation Test Equipment Market

Aviation test equipment market in global grew from US$ 5.38 Bn in 2018 to US$ 7.69 Bn by the year 2027. This represents a CAGR of 4.1% from the year 2019 to 2027.

The global aviation landscape continues to grow year on year, which is majorly influenced by the rise in passenger traffic across the globe. Owing to the fact that, every region worldwide is experiencing growth in a number of air passengers, the commercial airlines are gradually increasing their fleet size, which is leading the airlines to also opt for advanced technologies for different purposes. The maintenance, repair, and overhaul activities are among the integral part of the airlines, which include various type of check, that require different types of testing equipment. Owing to the increasing frequency of maintenance, repair, and overhaul activities, the procurement of testing equipment among the airlines and MRO specialists are increasing, which is catalyzing the growth of aviation test equipment market.

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The key manufacturers covered in the aviation test equipment market include Avtron Aerospace, Inc., BAE Systems, Bauer Inc., ECA Group, Hydraulics International Inc., Lockheed Martin Corporation, Astronics Corporation, Teradyne Inc., Testek Inc., and TEST-FUCHS GmbH, among others. Several other players are also functioning in the aviation test equipment market and are also contributing substantial revenue share.

On the other hand, the aircraft manufacturers, component manufacturers also procure test equipment from different manufacturers, to test their components at various level of manufacturing. The hydraulic test equipment, pneumatic test equipment, electrical/electronic test equipment, and engine test equipment play a vital role in developing robust components. The aircraft manufacturers and component manufacturers are witnessing significant pressure from the commercial airline, owing to the increasing demand for air travel. The growing pressure is compelling the aircraft OEMs and component OEMs to design, develop, test, and deliver the products at a lesser time. This has led the end-users to increase their procurement pattern of aviation test equipment, thereby, throttling the aviation test equipment market.

The military forces across the globe are also one of the critical revenue generation sources in the aviation test equipment market. Increasing focus towards modernization of air force and their aircraft fleet, the military forces are increasingly emphasizing on procurement of aviation test equipment. The adoption of various types of aviation test equipment by the military forces, enable the forces to keep their aircraft mission-ready, which is heavily catalyzing the aviation test equipment market.

The aviation test equipment market is categorized based on product type, aircraft type, end-users, and geography. The different types of product type include electrical/electronic test equipment, hydraulic test equipment, engine test equipment, and pneumatic test equipment. The electrical/electronic test equipment market is the most prominent segment under the product type segment throughout the forecast period. The aircraft type segment includes manual and unmanned aircraft. On the other hand, the commercial sector and the military sector are considered under the end-users segment. The commercial sector comprises aircraft OEMs, component manufacturers, airlines, aircraft MRO specialists. Geographically, the aviation test equipment market is classified based on North America, Europe, Asia Pacific, Middle East, and Africa, and South America.

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The report segments the global aviation test equipment market as follows:

Global Aviation test equipment Market – By Product Type

Electrical Test Equipment
Hydraulic Test Equipment
Power Test Equipment
Pneumatic Test Equipment
Global Aviation test equipment Market – By Aircraft Type

Manned
Unmanned
Global Aviation test equipment Market – By End User

Commercial
Military

Global Aviation test equipment Market – By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
Rest of APAC
Middle East and Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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