01 April 2021
Visiongain has published a new report on Aviation Test Equipment Market Report 2021-2031: Forecasts by Equipment (Electrical Aviation Test Equipment, Hydraulic Aviation Test Equipment, Power Aviation Test Equipment, Pneumatic Aviation Test Equipment), by Component (Hardware, Software), by Test Type (Ground Test, Flight Test), by Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), by End-user (Commercial, Military) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Aviation Test Equipment Companies AND COVID-19 Recovery Scenarios.
Global aviation test equipment market size accounted for US$ xx million in 2020 which is further projected to reach US$ xx million in 2026 while growing at a CAGR of xx% during the first half of the forecast period i.e., 2021 to 2026. The global market size is further projected to reach US$ xx million by 2031 at a CAGR of xx% from 2026 to 2031. The overall CAGR for the global Aviation Test Equipment market is expected to be xx% from 2021 to 2031.
Development of Efficient Testing Technology to Fuel Aviation Test Equipment Market
Aviation is a high-tech sector that fosters contributes significantly to the economy. Planes, helicopters, and unmanned aerial vehicles (UAVs) are highly complex vehicles with comprehensive electronics that require years of research and development by hundreds of trained engineers; planes have millions of structural parts, cost billions, and must be built to function safely for at least 25 years. The foundation for effective ground and flight testing in the aviation industry is the development of safe and reliable measurement technology. Over the forecast period, this is expected to fuel the global aviation test equipment market.
Growing Demand for Maintenance of Older Aircrafts to Spur Demand for Aviation Test Equipment
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 defence aircraft, has seen an increase in complex systems, resulting in a demand for sophisticated test equipment. Electrical, hydraulic, pneumatic, and control test equipment are among the different types of test equipment used in the aviation industry.
COVID-19 Impact to Challenge Aviation Test Equipment Market Growth
The COVID-19 pandemic has had an influence on people all over the world. It has been highly harmful to industries all over the world, and no industry has been spared from its consequences. This pandemic has wreaked havoc on the supply chain, resulting in a massive supply-demand gap in the market for aviation test equipment market around the world.
Analysis of Key Players Profiled in this Report
• Vector Informatik GmbH
• United Electronic Industries
• Testek Solutions
• OPAL-RT TECHNOLOGIES Inc.
• Frontier Electronic Systems Corp
• TELETEL S.A.
Notes for Editors
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