DUBLIN–(BUSINESS WIRE)–The “Aviation Test Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global aviation test equipment market reached a value of around US$ 7 Billion in 2020. Looking forward, the market to exhibit moderate growth during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Aviation test equipment refers to various instruments that are used for the maintenance of electrical power and hydraulic systems in an aircraft. They are primarily used for calibration, inspection, evaluation and testing of various aircraft devices.
These equipments aim to inspect and resolve electrical and mechanical issues, conduct performance checks, and repair the brakes and other components of the aircraft. Vacuum and pressure instrument chambers, manual turn and tilt tables, single axis rate tables and tachometer testers are some of the common aviation test equipment.
The flourishing aerospace and defense industries are the key factors driving the market growth. Aviation test equipment is used to manage tests and monitor and report results. They also aid in the construction, improvement and integration of several weapon systems, which contributes to their extensive demand in the defense sector.
The increasing trend of software-adaptable solutions coupled with their ability of testing multiple weapons is also augmenting the market growth. Enhanced focus on research and development (R&D) to develop more advanced product variants is further driving the industry growth.
Moreover, the changing trends in the aviation sector, which often fuse the innovations with traditional systems is expected to create a positive outlook for the market. Other factors contributing to the market growth include increasing defense budget and the rise in expenditure on the aviation industry by governments of several nations across the globe.
The report has also analyzed the competitive landscape of the market with some of the key players being
- Honeywell International Inc.
- General Electric Co.
- Rockwell Collins
- Moog Inc.
- Teradyne Inc.
- SPHEREA Test & Services
- Rolls Royce Holdings Plc
- Historical, Current and Future Market Trends
Market Breakup by Type:
Market Breakup by End-Use Sector:
- Commercial Sector
- Defense/Military Sector
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
For more information about this report visit https://www.researchandmarkets.com/r/ia2ej4
Laura Wood, Senior Press Manager
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