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.
According to Visiongain analysis, the global aviation test equipment market was estimated to be valued at US$7,150.0 million in 2021. The market is expected to witness a CAGR of 3.2% from 2021 to 2031 and is expected to reach US$8,523.2 million in 2026 from its previous value of US$7,293.0 million in 2031.
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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 defense 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.
How the Aviation Test Equipment Market report helps you
In summary, our 324-page report provides you with the following knowledge:
Revenue forecasts to 2031 for Aviation Test Equipment Market, with forecasts for Equipment, Component, Test Type, Aircraft Type, End-User, and industry each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2031 for 5 regional and 17 key national markets – See forecasts for the Aviation Test Equipment market in North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Also forecasted is the market in the US, Canada, Brazil, Mexico, Germany, France, UK, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, GCC, and South Africa among other prominent economies.
Prospects for established firms and those seeking to enter the market– including company profiles for 12 of the major companies involved in the Aviation Test Equipment Market. Some of the company’s profiled in this report include:
Analysis of Key Players Profiled in this Report
Vector Informatik GmbH
United Electronic Industries
OPAL-RT TECHNOLOGIES Inc.
Frontier Electronic Systems Corp
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