Aviation Test Equipment Market

Aviation Test Equipment Market Overview (2022-2032)

[250 Pages Report] The global aviation test equipment market is anticipated to reach USD 9.8 Billion and exhibit growth at a CAGR of 4.3% from 2022 to 2032. The overall sales of aviation test equipment will total USD 8.0 Billion in 2022. The increasing research and development activities intended at introducing technologically advanced products in the aerospace and defense industry is expected to drive the demand for aviation test equipment.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 7.2 Billion
Expected Market Value (2022)	USD 8.0 Billion
Anticipated Forecast Value (2032)	USD 9.8 Billion
Projected Growth Rate (2022 to 2032)	4.3% CAGR

The growing utilization of test equipment in the aviation industry for the qualification, calibration, evaluation, and inspection of several technologies and instruments in aircrafts is anticipated to augur well for the market. The urgent need to detect and resolve issues, such as repairs, performance evaluations, as well as electrical and mechanical setbacks is also projected to drive the global aviation test equipment market share.

The popularity of Traffic Collision Avoidance System (TCAS) is likely to surge in the forthcoming years as it delivers separation assurance during a predefined airspace column with the inclusion of an on-board radar surveillance mechanism. The ongoing development of numerous versions of TCAS, such as TCAS II is also expected to boost the market.

TCAS II works via ATC transponders and interrogation of the Mode ‘S’ of nearby aircrafts for determining their ranges, altitude, and relative positions to prevent a potential collision mid-air. The emergence of similar other cutting-edge equipment is anticipated to spur the growth in this market.

Which are Some Prominent Drivers Spearheading Aviation Test Equipment Market Growth?

The increasing military expenditure on Unmanned Aerial Vehicles (UAVs) by governments of various countries is a major factor that is anticipated to propel the sales of aviation test equipment in the near future. The ability of UAVs to operate without passengers or on-board crew with the help of remote controls is expected to bolster their demand in the defense sector.

These are equipped with next generation aircraft technology and are extensively utilized for photography, logistics, assessment, and surveillance activities. The implementation of stringent norms by government bodies associated with the usage of UAVs by numerous countries is likely to directly affect the market.

Commonly termed as drones, UAVs are also used for investigating the weather conditions of specific areas, surveying, and mapping. The complexity of drones is set to increase in the upcoming years with the rapid integration of novel technologies, such as cloud computing, sense and avoid systems, and Artificial Intelligence (AI).

This is expected to bolster the need for innovative aviation test equipment across the globe. The incorporation of advanced technologies is likely to enhance the capabilities of drones for carrying out multiple tasks, such as data analysis, transmission, capture, navigation, and takeoff without the requirement of humans, which is expected to surge the popularity of test equipment.

What are the Challenges Faced by the Aviation Test Equipment Industry?

As aviation testing equipment is consistently evolving, challenges, such as No-Fault-Founds (NFFs), size, versatility, cyber protection, productivity, and fiber optics are emerging across the globe. The instances of virus attacks and data hacking are rising at a steady pace, which may hinder the market.

The rising usage of fiber optics by manufacturers can also hamper the growth in this market as the optical transceiver wears out very quickly when utilized in extreme temperatures or under high vibration and shock levels. The amount of optical signal on the receiving end may be small and thus manufacturers are trying to develop new alternatives.

Is North America Emerging as an Opportunistic Aviation Test Equipment Market?

The presence of various renowned manufacturers and the early adoption of advanced technical capabilities in the aerospace and defense sector in the U.S. are some of the vital factors that are expected to propel the demand for aviation test equipment in North America.

In February 2022, for instance, the U.S. Federal Aviation Administration (FAA) declared that field-testing of small drone traffic management will begin in spring in airspace below 400 feet. The FAA will be utilizing insights from these tests to create new terms and aid industry groups in the development of upgraded standards to enable drones to fly beyond the visual line of sight. The rising number of similar testing programs is expected to augment the North America market.

How is Asia Pacific Contributing to Growth of the Aviation Test Equipment Market?

The high demand for UAVs, especially from developing economies, such as India and China for tactical and strategic applications is anticipated to bolster the Asia Pacific aviation testing equipment market share in the assessment period. In addition, the entry of various prominent manufacturers in these countries owing to the easy availability of relatively low cost raw materials and labor is expected to push the market.

The rising usage of UAVs in commercial applications, such as document and survey wildlife, internet provision in remote areas, public service missions, video recording, and aerial photography in Asia Pacific is likely to drive the market. Many local companies are also offering small drones for usage in data collection, photography, and agricultural applications, which are set to affect the market positively

Market Competition

Some of the key participants present in the global aviation test equipment market include Rolls Royce Holdings Plc, 3M, Honeywell International Inc., Avtron Aerospace (CapitalWorks), Rockwell Collins, General Electric Aviation, Testek, Airbus, Moog, SPHEREA Test & Services, DAC International, Lockheed Martin Corporation, Boeing, Teradyne, Ideal Aerosmith Inc., and DMA-Aero among others.

The global market is highly competitive and the majority of the key players are focusing on numerous strategic maneuvers, such as business expansions and joint ventures to strengthen their positions.

After the COVID-19 pandemic declined sales in the aviation industry back in 2020, governments of various countries have started taking initiatives by joining hands with international and local companies to develop preventative measures, such as sanitization devices, temperature checks, and health screening, which are set to help in boding well for the market.

Report Of Scope

Report Attribute	Details
Growth Rate	CAGR of 4.3% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	End User, Product, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Rolls Royce Holdings Plc; 3M; Honeywell International Inc.; Avtron Aerospace (CapitalWorks); Rockwell Collins; General Electric Aviation; Testek; Airbus; Moog; SPHEREA Test & Services; DAC International;   Lockheed Martin Corporation; Boeing; Teradyne; Ideal Aerosmith Inc.; DMA-Aero
Customization	Available Upon Request

Key Segments Profiled in the Aviation Test Equipment Industry Survey

Product:

• Electrical Aviation Test Equipment
• Hydraulic Aviation Test Equipment
• Power Aviation Test Equipment
• Pneumatic Aviation Test Equipment

End User:

• Commercial
• Defense/Military Sector

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

At what rate will the aviation test equipment market grow until 2032?

FMI projects the global aviation test equipment market to expand at a 4.3% value CAGR by 2032.

Which region is forecast to be the most lucrative aviation test equipment market?

North America is expected to be the most opportunistic aviation test equipment market.

Which are some prominent aviation test equipment manufacturers?

Rolls Royce Holdings Plc, 3M, Honeywell International Inc., Avtron Aerospace (CapitalWorks), Rockwell Collins, General Electric Aviation, Testek, Airbus, Moog, SPHEREA Test & Services, DAC International, Lockheed Martin Corporation, Boeing, Teradyne, Ideal Aerosmith Inc., and DMA-Aero are some of the prominent aviation test equipment manufacturers.