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Study Report LLC adds new research on Aviation Test Equipment market, which is
a detailed analysis of this business space inclusive of the trends, competitive
landscape, and the market size. Encompassing one or more parameters among
product analysis, application potential, and the regional growth landscape, Aviation
Test Equipment market also includes an in-depth study of the industry
competitive scenario.
The
global aviation test equipment market accounted for US$ 5.38 Bn in 2018 and is
expected to grow at a CAGR of 4.1% over the forecast period 2019-2027, to
account for US$ 7.69 Bn by 2027. The operational tempo of the global commercial
aviation sector continues to soar in recent years. The global aviation test
equipment market is led by North America region due to rising aircraft
manufacturers and component manufacturers.
The
well - established market players operating in the aviation test equipment
market are Avtron Aerospace, Inc., BAE Systems, Bauer Inc., ECA Group,
Hydraulics International Inc., Lockheed Martin Corporation, Astronics
Corporation, Teradyne Inc., Testek Inc., and TEST-FUCHS GmbH.
The
global aviation sector is witnessing a huge demand for modern aircraft in the
both commercial and military sector. Attributing to the fact that the
disposable income in the developing countries is increasing substantially, the
need for air travel is also increasing at the same pace. On a global scenario,
commercial air traffic is foreseen to maintain constant growth over the period,
despite various challenges faced by commercial airlines.
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However,
the challenges are succeeded by the rise in passenger numbers across the globe.
The low-cost carriers (LCC) in the developed economies as well as developing
economies are turning the revolution by offering low fare business models which
are increasing the demand for air travel among the upper-middle class and
middle-class society of developing nations.
The
aircraft industry builds aircraft and manufactures aircraft parts, in turn,
supports aviation in their maintenance. Boeing, Airbus, Bombardier, Embraer,
Beech Aircraft Corporation, and Cessna Aircraft Company are few of the major
companies in aircraft manufacturing. For instance, in 2018, Airbus has exceeded
its aircraft manufacturing and delivery targets by supplying 800 aircraft to
various customers across the globe as compared to 718 commercial aircraft in
2017. Further, the company expects to deliver 880 to 890 aircraft in 2019.
Moreover,
Boeing, the US-based aircraft manufacturer, also delivered over 800 commercial
aircraft and anticipates to deliver around 895 to 905 commercial aircraft
deliveries in 2019. The growth in production of the number of aircraft is
attributed to the replacement of aging aircraft, specifically in North America.
Most of the replacement of the aging fleet of commercial aircraft is due to the
revenue requirements of the operating airlines and operating efficiency.
Moreover, new regulations, airspace
modernizations, and emerging environmental concerns have also contributed to
the retirement of older jets. Such factors are anticipated to bolster the
demand for aviation test equipment market. The global aviation test equipment
market is segmented based on product type, aircraft type, and end-user. Based
on the product type, the aviation test equipment market is segmented into
electrical test equipment, hydraulic test equipment, power test equipment, and
pneumatic test equipment.
Based
on aircraft type, the aviation test equipment market is bifurcated into the
manned and unmanned. Based on end-user, the aviation test equipment market is
bifurcated into commercial and military. Geographically, the aviation test
equipment market is fragmented into five regions, including North America,
Europe, Asia-Pacific, Middle East & Africa, and South America.
The
overall global aviation test equipment market size has been derived using both
primary and secondary source. The research process begins with exhaustive
secondary research using internal and external sources to obtain qualitative
and quantitative information related to the global aviation test equipment
market. It also provides an overview and forecast for the aviation test
equipment market based on all the segmentation provided for the global region.
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Also, primary interviews were conducted with
industry participants and commentators to validate data and analysis. The
participants who typically take part in such a process include industry expert
such as VPs, business development managers, market intelligence managers, and
national sales managers, and external consultants such as valuation experts, research
analysts, and key opinion leaders specializing in the aviation test equipment
industry.
TABLE OF CONTENTS
1.
Introduction
2.
Key Takeaways
3.
Research Methodology
4.
Aviation Test Equipment Market Landscape
5.
Aviation Test Equipment Market - Key Industry Dynamics
6.
Aviation Test Equipment Market - Global Market Analysis
7.
Aviation Test Equipment Market Revenue And Forecasts To 2027 - Product Type
8.
Aviation Test Equipment Market Revenue And Forecasts To 2027 -Aircraft Type
9.
Aviation Test Equipment Market Revenue And Forecasts To 2027 -End-user
10.
Aviation Test Equipment Market - Geographical Analysis
11.
Industry Landscape
12.
Aviation Test Equipment Market- Company Profile
12.3
BAE Systems Plc
12.4
Bauer, Inc.
12.5
ECA Group
12.6
Hydraulics International, Inc.
12.7
Lockheed Martin Corporation
12.8
Teradyne Inc.
12.9
Testek Inc.
12.10
TEST-FUCHS GmbH
12.10.1
Key Facts
12.10.2
Business Description
12.10.3
Products and Services
12.10.4
Financial Overview
12.10.5
SWOT Analysis
12.10.6
Key Developments
13.
Appendix
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