Aviation Test Equipment Market Outlook, Size, Industry Growth By 2027

Aviation Test Equipment Market to 2027 - Global Analysis and Forecasts by Product Type (Electrical Test Equipment, Hydraulic Test Equipment, Engine Test Equipment, Pneumatic Test Equipment); Aircraft Type (Manned, Unmanned); End User (Commercial, Military)

Publication Month : Aug 2019

  • Report Code : TIPRE00006028
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 177
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In terms of revenue, the global aviation test equipment market was valued at US$ 5,381.0 market million in 2018 and is projected to reach US$ 7,692.3 million by 2027; it is expected to grow at a CAGR of 4.1% during the forecast period from 2019 to 2027.

The aviation test equipment market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The investments and market performance of global aerospace & defense industry has a direct impact on the performance of the aviation test equipment market. With a bright economy outlook for a majority of the developing countries in 2018, and announcements by Governments of the developing economies to invest heavily in the aerospace & defense sector, rapid advances in the aviation test equipment market is anticipated. Lowering of airfares has favored increase in the air passenger travel globally. Further, increasing disposable incomes with individuals and the growing tourism industry in many countries of the world also contribute to the increasing passenger travel through air transportation systems. These factors have resulted in the large demands for commercial aircraft. The demand has seen an upsurge particularly in the Asian nations such as India, and China that comprise of large populations and a rapidly developing economy. Huge demands have resulted in supply backlogs for commercial aircrafts and therefore, sensing good opportunities global aircraft manufacturers have announced setting up of additional manufacturing plants across the globe.

Lucrative Regional Aviation Test Equipment Market

Lucrative Regional Aviation Test Equipment Market
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Market Insights–Aviation Test Equipment Market

High Adoption of Unmanned Aircraft by Military

The government of various economies worldwide is increasing their military expenditure on UAVs. According to a report published by the center for the study of the drone at Bard College in 2018, the US Department of Defense (DoD) has requested a budget of approximately US$ 9.39 Bn on unmanned systems (including air, ground, and sea) and related technology in 2019 as compared to around US$ 7.5 Bn in 2018. It demonstrates an increase in the country’s military unmanned aircraft spending. The requested budget includes around US$ 9.39 Bn in drone-related procurement, R&D, and construction funding, which is 26% higher than in 2018. It also includes at least 3,447 new unmanned systems, including UAVs. The request consists of orders for 532 unmanned systems such as target drones and aerostats. The proposed budget by the Air Force for unmanned systems is around US$ 6.05 Bn in 2019. The DoD aims to purchase around 3,250 unmanned air vehicles in 2019.

Product Type Segment Insights

Based on product type, the electrical test equipment segment dominated the global aviation test equipment market in 2018. The electrical test equipment is used for electrical, mechanical as well as efficiency testing of all components of the aircraft electric system, including generators, batteries, fuel cells, power controllers, engine systems, wiring, circuit breakers, distribution networks, frequency inverters, and motors.

Aircraft Type Segment Insights

Based on aircraft type, the manned segment held the largest share in global aviation test equipment market in 2018. Fixed as well as rotary-wing aircraft are multifaceted assemblies comprising of several electrical and mechanical components, which are all linked to form a comprehensive mechanical structure. Whereas mechanical integrity is the key concern of aircraft manufacturers as well as maintenance teams, appropriate electrical bonding is important to ensure that all control and communications systems operate accurately and reliably.

End User Segment Insights

Based on end user, the commercial segment held the largest share in global aviation test equipment market in 2018. The constantly rising number of commercial aircraft orders both rotary and fixed-wing, is facilitating the aviation test equipment growth. The commercial aircraft manufacturers are consistently looking for advanced technologies, which is anticipated to drive the market in the coming years.

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Aviation Test Equipment Market: Strategic Insights

aviation-test-equipment-market
Market Size Value inUS$ 5,381.0 market Million in 2018
Market Size Value byUS$ 7,692.3 Million by 2027
Growth rateCAGR of 4.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2019, Astronics Corporation announced acquisition of Freedom Communication Technologies, Inc., a developer communication test equipment based in the US.
  • In 2019, Lockheed Martin Corporation would provide more than 41 electronic consolidated automated support systems (eCASS) advanced combat avionics test instruments under terms of a U$109 Mn order..
  • In 2019, BAE Systems Entered into an agreement with Advanced Military Maintenance Repair and Overhaul Center to deliver the testing of the equipment BAE Systems for F-16 platform..

The global aviation test equipment market has been segmented as follows:

Aviation Test Equipment Market – By Product Type

  • Electrical/Electronic Test Equipment
  • Hydraulic Test Equipment
  • Engine Test Equipment
  • Pneumatic Test Equipment

Aviation Test Equipment Market – By Aircraft Type

  • Manned
  • Unmanned

Aviation Test Equipment Market – By End User

  • Commercial
  • Military

Aviation Test Equipment Market- By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

Aviation Test Equipment Market – Companies Profiles

  • Avtron Aerospace, Inc.
  • BAE Systems
  • Bauer Inc.
  • ECA Group
  • Hydraulics International Inc.
  • Lockheed Martin Corporation
  • Astronics Corporation
  • Teradyne Inc.
  • Testek Inc.,
  • TEST-FUCHS GmbH
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Aircraft Type ; End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. Astronics Corporation
  2. Avtron Aerospace, Inc.
  3. BAE Systems
  4. Bauer Inc.
  5. ECA Group
  6. Hydraulics International Inc.
  7. Lockheed Martin Corporation
  8. Teradyne Inc.
  9. Testek Inc.
  10. TEST-FUCHS GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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