Global Aviation Test Equipment Market to Reach US$ 8.9 Billion by 2027, Propelled by Increasing Adoption of Unmanned Aerial Vehicles.

BROOKLYN, NY, USA, February 6, 2023 /EINPresswire.com/ -- IMARC Group has recently released a new research study titled "Aviation Test Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is the aviation test equipment market?

The global aviation test equipment market size reached US$ 7.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting a growth rate (CAGR) of 4.5% during 2022-2027.

Aviation Test Equipment Market Insight:

Aviation test equipment is used during the maintenance and manufacturing of aircraft avionics systems to ensure complete compliance with specifications and federal regulations. They are designed to reduce time and cost and improve the systems’ resilience to obsolescence. Several instruments are used to maintain an aircraft’s electrical power and hydraulic systems by resolving and inspecting electrical and mechanical issues, conducting performance checks, and repairing the brakes. Some of the common aviation test equipment includes manual turn and tilt tables, pressure and vacuum instrument chambers, single-axis rate tables, and tachometer testers.

Global Aviation Test Equipment Market Trends and Growth Drivers:

The lowering of airfares has significantly surged passenger travel through air transportation systems, which is one of the key factors bolstering the market growth. In line with this, governments of various nations are increasing their military budget due to cross-border tensions, which is acting as another growth-inducing factor. Moreover, the surging adoption of software-adaptable solutions in the aviation sector, as they can test multiple weapons, is providing an impetus to the market growth. Additionally, burgeoning investments in research and development (R&D) activities, integration of several weapon systems with aviation test equipment, and the rapidly expanding tourism sector are positively contributing to the market growth.

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Aviation Test Equipment Market 2022-2027 Competitive Analysis and Segmentation:

Aviation Test Equipment Market Segmentation:

The report has segmented the global aviation test equipment market on the basis of type, end-use sector and region.

Based on Type:

• Electrical
• Hydraulic
• Pneumatic
• Others

Based on End-Use Sector:

• Commercial Sector
• Defense/Military Sector
• Others

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Insight (2022-2027)
• Market Trends
• Market Growth Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Competitive Landscape with Key Players:                          

The competitive landscape of the global aviation test equipment market has been studied in the report with the detailed profiles of the key players operating in the market.

List of Key Companies Covered in this Market Report:

The major players in the market are Honeywell International Inc., Boeing, General Electric Co., 3M, Airbus, Rockwell Collins, Moog Inc., Teradyne Inc., SPHEREA Test & Services and Rolls Royce Holdings Plc.

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About IMARC Group:                      

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Elena Anderson
IMARC Services Private Limited
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