Market Overview:
The global avionics test equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military aircraft, and the need for reliable and efficient avionics systems. The electrical avionics test equipment segment is expected to dominate the global market during the forecast period, owing to its ability to test a wide range of electronic systems on board an aircraft. The hydraulic avionics test equipment segment is projected to grow at a higher CAGR than other segments during the forecast period, as it helps in testing critical flight control surfaces on an aircraft. In terms of application, the military segment is expected to account for a larger share of the global market duringthe forecast period, as governments across different regions are increasingly allocating funds towards upgrading their defence infrastructure.
Product Definition:
Avionics Test Equipment is a type of electronic test equipment used to verify the proper operation of avionics systems. These systems include radios, autopilots, and other aircraft controls. Avionics Test Equipment is important because it allows technicians to properly test these systems and ensure that they are working correctly.
Electrical Avionics Test Equipment:
Avionics Test Equipment market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth in this industry can be attributed to the increasing need for safety and security in commercial aviation. Avionic systems are used extensively across various applications such as air traffic control, military aircraft, defense aircrafts and spacecraft among others.
Hydraulic Avionics Test Equipment:
The hydraulic avionics test equipment is used to test the hydraulic systems of an aircraft. It includes a variety of instruments that help in testing and monitoring various components such as fluid levels, pressures, temperatures, and other parameters. The tests are performed with the help of specialized software that helps in collecting data for all the tests conducted.
Application Insights:
The military segment dominated the global avionics test equipment market in 2017 and is expected to maintain its dominance over the forecast period. The growing need for advanced aircraft, helicopters, and vehicles with enhanced combat capabilities has led to an increase in R&D activities pertaining to new technologies. This has resulted in a rise in demand for testing & inspection tools that are used during these developmental stages. Furthermore, governments around the world are investing significantly in military aerospace programs which further drives product demand from this segment.
Commercial application is expected to be the fastest-growing segment over the forecast period owing to increasing air traffic across various regions coupled with rising passenger travel requirements on commercial aircrafts such as Airbus A320neo and Boeing 737 MAX 8/9 series airplanes have increased production rates of these types of aircraft significantly which will drive growth further during 2018 - 2030 ¢â‚¬â€œ2030 globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016 at over 35.0%. The growth can be attributed to the presence of major aircraft manufacturers such as Boeing, Lockheed Martin Corporation, and Airbus S.A.S., which are engaged in developing advanced avionics systems for commercial and military aircraft respectively.
Asia Pacific region accounted for a relatively smaller share as compared to other regions due its lack of infrastructure coupled with low labor costs associated with countries like China.
Growth Factors:
- Increasing demand for aircrafts and rise in air traffic
- Development of new and innovative technologies
- Growing number of aircraft deliveries and replacement programs
- Proliferation of unmanned aerial vehicles (UAVs) or drones
- Rising demand for avionics test equipment from the military sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Avionics Test Equipment Market Research Report
By Type
Electrical Avionics Test Equipment, Hydraulic Avionics Test Equipment, Pneumatic Avionics Test Equipment, Power Avionics Test Equipment, Other Avionics Test Equipment
By Application
Military, Commercial
By Companies
Avionics, Testek, Honeywell, GE, Moog Inc., Rockwell Collins, SPHEREA Test & Services, Teradyne, DAC International, DMA-Aero Ideal Aerosmith Inc, Avionics, EDMO, 3M, Omnicon Group, Tulsa Avionics Services, Inc., Axiom Test Equipment, TMG Test Equipment, Wineman Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Avionics Test Equipment Market Report Segments:
The global Avionics Test Equipment market is segmented on the basis of:
Types
Electrical Avionics Test Equipment, Hydraulic Avionics Test Equipment, Pneumatic Avionics Test Equipment, Power Avionics Test Equipment, Other Avionics Test Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Avionics
- Testek
- Honeywell
- GE
- Moog Inc.
- Rockwell Collins
- SPHEREA Test & Services
- Teradyne
- DAC International
- DMA-Aero Ideal Aerosmith Inc
- Avionics
- EDMO
- 3M
- Omnicon Group
- Tulsa Avionics Services, Inc.
- Axiom Test Equipment
- TMG Test Equipment
- Wineman Technology
Highlights of The Avionics Test Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrical Avionics Test Equipment
- Hydraulic Avionics Test Equipment
- Pneumatic Avionics Test Equipment
- Power Avionics Test Equipment
- Other Avionics Test Equipment
- By Application:
- Military
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Avionics Test Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Avionics Test Equipment is a type of equipment used in the aviation industry to test and diagnose avionics systems.
Some of the major companies in the avionics test equipment market are Avionics, Testek, Honeywell, GE, Moog Inc., Rockwell Collins, SPHEREA Test & Services, Teradyne, DAC International, DMA-Aero Ideal Aerosmith Inc, Avionics, EDMO, 3M, Omnicon Group, Tulsa Avionics Services, Inc., Axiom Test Equipment, TMG Test Equipment, Wineman Technology.
The avionics test equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Avionics Test Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Avionics Test Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Avionics Test Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Avionics Test Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Avionics Test Equipment Market Size & Forecast, 2020-2028
4.5.1 Avionics Test Equipment Market Size and Y-o-Y Growth
4.5.2 Avionics Test Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrical Avionics Test Equipment
5.2.2 Hydraulic Avionics Test Equipment
5.2.3 Pneumatic Avionics Test Equipment
5.2.4 Power Avionics Test Equipment
5.2.5 Other Avionics Test Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Avionics Test Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Avionics Test Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrical Avionics Test Equipment
9.6.2 Hydraulic Avionics Test Equipment
9.6.3 Pneumatic Avionics Test Equipment
9.6.4 Power Avionics Test Equipment
9.6.5 Other Avionics Test Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrical Avionics Test Equipment
10.6.2 Hydraulic Avionics Test Equipment
10.6.3 Pneumatic Avionics Test Equipment
10.6.4 Power Avionics Test Equipment
10.6.5 Other Avionics Test Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrical Avionics Test Equipment
11.6.2 Hydraulic Avionics Test Equipment
11.6.3 Pneumatic Avionics Test Equipment
11.6.4 Power Avionics Test Equipment
11.6.5 Other Avionics Test Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrical Avionics Test Equipment
12.6.2 Hydraulic Avionics Test Equipment
12.6.3 Pneumatic Avionics Test Equipment
12.6.4 Power Avionics Test Equipment
12.6.5 Other Avionics Test Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrical Avionics Test Equipment
13.6.2 Hydraulic Avionics Test Equipment
13.6.3 Pneumatic Avionics Test Equipment
13.6.4 Power Avionics Test Equipment
13.6.5 Other Avionics Test Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Avionics Test Equipment Market: Competitive Dashboard
14.2 Global Avionics Test Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avionics
14.3.2 Testek
14.3.3 Honeywell
14.3.4 GE
14.3.5 Moog Inc.
14.3.6 Rockwell Collins
14.3.7 SPHEREA Test & Services
14.3.8 Teradyne
14.3.9 DAC International
14.3.10 DMA-Aero Ideal Aerosmith Inc
14.3.11 Avionics
14.3.12 EDMO
14.3.13 3M
14.3.14 Omnicon Group
14.3.15 Tulsa Avionics Services, Inc.
14.3.16 Axiom Test Equipment
14.3.17 TMG Test Equipment
14.3.18 Wineman Technology
