Aviation test equipment: Key market research findings
- Development of next-generation engines
- Aviation electric systems will dominate the aviation test equipment market
Technavio has released a new market research report on the global aviation test equipment market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Aviation test equipment find their application in the regular checks conducted for maintenance of hydraulic, electrical, and pneumatic systems in an aircraft. Such equipment are necessary to evaluate the performance of aircrafts from time to time. The Americas lead the global market for aviation test equipment, accounting for 37% of the total market share. Much of the region’s growth comes from the huge investments made by the US DoD and the Federal Aviation Administration (FAA) in the development and procurement of aviation test equipment.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, there have been several developments and extensive investments in the aerospace engines. Manufacturers are developing engines that are lighter weight, have higher durability, and more detailed cooling paths. These new-age aircraft engines allow significant reductions in fuel consumption, noise, and NOₓ emissions with affordable maintenance costs and reliability. Moreover, vendors are also installing Formula 1 technology in commercial aerospace engines to power aircraft and increase its speed through F1 gearbox technology,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The electric systems segment will have a maximum share of 41% of the market by 2020 owing to the high number of more electric aircraft (MEA) deliveries scheduled during the forecast period. Rapid technological advances in the field of power electronics, flight control systems (FCS), high-density electric motors, power generation, electro-hydrostatic actuators, fault-tolerant architecture, and conversion systems have led to the development of MEAs. This shift has necessitated the use of electric systems in commercial aircrafts.
The leading vendors in the global aviation test equipment market include Boeing, Honeywell International, Moog, Rockwell Collins and SPHEREA Test & Services. The market is highly competitive, where vendors compete based on cost, product quality, reliability, and aftermarket service. Intense competition prevails in the market, which has pushed players to offer cost-effective and high-quality test equipment with latest technology and materials.
A more detailed analysis is available in the Technavio report, Global Aviation Test Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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