The Aviation Test Equipment Market size is projected to reach US$ 7.62 billion by 2031 from US$ 5.15 billion in 2023. The market is expected to register a CAGR of 5.0% in 2023–2031. The introduction of next-generation technologies in recent years has resulted in the advancement of aviation test equipment - for instance, the introduction of the first cockpit control panel robot tester in the world. Aviation test equipment manufacturers are also bringing disruptive innovative technological models that are simplifying the testing and evaluation process of aircraft systems as well as components. Moreover, companies are also joining forces to offer complete test solutions for both commercial as well as military aircraft. For instance, Testek and Avtron Aerospace offers a wide range of aircraft tests from development to manufacturing to component and platform design. Also, Barfield, US subsidiary of Aero Maintenance Group LLC, offers 3D-scanning technology for inspection and evaluation of hail damage to aircraft.
The aircraft manufacturers across the globe are experiencing significant demand from their customers owing to increasing air travelers, military movements, cargo volumes, and combat-ready aircraft. The continually rising procurement of aircraft, both commercial and military, is pressuring the aircraft manufacturers to procure an increased quantity of testing equipment. The sheer demand for this equipment from aircraft manufacturers has led to an increase in test equipment manufacturers. A large number of test equipment manufacturers is benefiting the buyers as this helps in comparing between different suppliers depending on their products, lead time, contract valuation, and brand value.
The aviation test equipment ecosystem comprises of various stages that further includes dedicated procedures. With an objective to meet the customer expectations, the market players operating in the aviation test equipment market engage themselves in offer robust products and services. The test equipment manufacturers operating across the globe procure various component from different suppliers. Various suppliers supply components such as sensors, data loggers, pressure gauge, and displays. These component suppliers regularly face tremendous pressure from the testing equipment manufacturing companies to deliver their products. The brand value of component suppliers is of utmost important attributing to the fact that the quality of the component is essential for manufacturing the best quality testing equipment. With an objective to maintain long term business relationships, the component suppliers strive hard to deliver the highest quality products at a competitive price. Lead time is also another parameter the component suppliers emphasize on.
The global aviation sector is witnessing rise in demand for new aircraft models to increase the overall fleet of aircraft is one of the major factors driving the growth for aviation test equipment market. The rising air passenger traffic is further likely to increase the number of aircraft procurement and expected to propel the demand for test equipment in the aviation sector. Further, the overall fleet of commercial aircraft in 2022 stood at around 27,385 across different regions that reached to ~28,398 commercial aircraft in 2023 which shows the growth of around one thousand aircraft in a single year. Such factors have been pushing the growth for aviation test equipment market across different region.
The rising procurement of military aircraft and helicopters is another major factor likely to boost the procurement of aviation test equipment across different regions. Further, the applications of aviation test equipment into military aircraft includes engine maintenance, landing gear maintenance, avionics maintenance, and many more. The growing aviation MRO industry is another major factor likely to generate new opportunities for market vendors during the forecast period.
Moreover, the increasing deployment of UAVs in the military forces of different countries is another major factor expected to boost the deployment of aviation test equipment among the armed forces and MRO companies that provide services for military aircraft/helicopters/UAVs.
Key segments that contributed to the derivation of the Aviation Test Equipment Market analysis are product type, aircraft type, end user, and geography.
The geographic scope of the Aviation Test Equipment Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the Aviation Test Equipment Market in 2023, whereas, Asia Pacific region is likely to expected to experience the highest CAGR during the forecast period. This is due to the growth in number of aircraft production from various OEMs such as Boeing, Airbus, Textron, Bombardier, Bell Helicopters, Lockheed Martin Corporation, and Northrop Grumman Corporation. These companies are getting larger orders for aircraft from different customers around the world which is further driving the demand for aviation test equipment market across the North America region.
The regional trends and factors influencing the Aviation Test Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aviation Test Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 5.15 Billion |
| Market Size by 2031 | US$ 7.62 Billion |
| Global CAGR (2023 - 2031) | 5.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aviation Test Equipment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aviation Test Equipment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Aviation Test Equipment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aviation test equipment market and strategies:
The “Aviation Test Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: