Global Aviation Test Equipment Market Expected to Grow At a CAGR of 5.0% between 2021-2028
2021 - 2028 Global Aviation Test Equipment Market
The Global Aviation Test Equipment Market is accounted for $7.06 billion in 2021 and is expected to reach $9.93 billion by 2028 growing at a CAGR of 5.0% during the forecast period. 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 analyzed afterward. Commercial sector is projected to hold the largest share in the market, due to the constantly rising number of commercial aircraft orders both rotary and fixed-wing, is facilitating the aviation test equipment growth. The Asia Pacific is projected to have the highest CAGR due to the rise in air traffic and growth in the number of new airport construction projects in emerging countries such as India and China.
Some of the key players profiled in the Aviation Test Equipment Market include 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.
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