Avionics and Radio Test Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

One of the most important end-user categories for the test and measurement market is aerospace and military. The sector is moving toward more technologically advanced and smaller platforms and military systems. Avionics and radio are electronic systems that are installed in an aircraft to fulfil specific purposes and include communications, navigation, display, and administration of numerous systems and sub-systems. Avionics in civil aircraft are generally powered by 14- or 28-volt Direct Current (DC) electrical systems, whereas military and combat aircraft utilise 400 Hz, 115 Volt AC systems.

MARKET SCOPE

The "Global Avionics and Radio Test Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military marine vessel engines market with detailed market segmentation by type, end users and geography. The report provides key statistics on the market status of the leading Avionics and Radio Test Market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the type the market is segmented into commercial aircraft and military aircraft.
  
•   On the basis of end users, the market is segmented as avionics and radio manufacturers, airframe manufacturers, military forces and MRO service providers
  

MARKET DYNAMICS

Drivers:

•   Growing Demand for High-Speed And High-Bandwidth Avionics
  
•   Growing Production of Aircraft Units Across the Globe
  

Restraints:

•   Concerns Regarding the Complexity Regarding of Avionics And Radio Systems
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Avionics and Radio Test Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Avionics and Radio Test Market in these regions

IMPACT OF COVID-19 ON AVIONICS AND RADIO TEST MARKET

The COVID-19 pandemic has impeded mission deployments for most significant space businesses, as well as slowed new product deliveries due to supply chain disruption. Through expedited and early payments, government contractors in Asia, Europe, and North America have benefited from considerable administrative and financial help from space agencies. Smaller suppliers, on the other hand, rely on larger companies for contracts and must wait for money to arrive. Member businesses of the Satellite Industry Association (SIA) are taking steps to assure the supply of key satellite services. These businesses, on the other hand, place a premium on their workers' and custodians' health and safety.

MARKET PLAYERS

The report covers key developments in the Avionics and Radio Test Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Avionics and Radio Test Market are anticipated to lucrative growth opportunities in the future with the rising demand for Avionics and Radio Test in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Avionics and Radio Test Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Astronics Corporation
  
•   General Dynamics Corporation
  
•   Keysight Technologies, Inc.
  
•   Lockheed Martin Corporation
  
•   National Instruments Corporation
  
•   Rohde and Schwarz GmbH & Co. KG
  
•   Tel-Instrument Electronics Corporation
  
•   Teradyne, Inc.
  
•   Testek Solutions
  
•   Viavi Solutions, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Avionics and Radio Test Report Scope