Aviation Test Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1446
Aviation Test Equipment Market size is expected to grow rapidly between 2020 and 2026 due to escalating research and development efforts towards high-tech innovations in the aerospace and defense sector.
Aviation test equipment is used extensively in the aviation sector for the inspection, evaluation, calibration, and qualification of various instruments as well as technologies in aircrafts. Rising demand to identify and solve issues such as mechanical and electrical setbacks, performance evaluations, repairs, etc., will boost the industry share. Aviation test equipment is used predominantly for aircraft testing in the commercial and defense sectors.
A major factor driving the growth of the aviation test equipment market in recent years is prolific progress in defense aircraft technologies. Artificial Intelligence (AI) has been utilized across myriad industrial sectors to facilitate a digital transformation, and the aerospace & defense (A&D) sector is no different. The major technology investment areas for the A&D manufacturing industry include cloud computing, IoT, simulation and modeling, advanced analytics predictive analytics and optimization.
Furthermore, digital transformation in the sector is driven mainly by the adoption of AI, machine learning (ML) and other AI subsets. For instance, the US Navy has recently conducted tests involving two unmanned versions of the electronic attack fighter aircraft EA-18G controlled by a single manned EA-18G, opening up new avenues for the deployment of autonomously controlled unmanned aircrafts sooner than expected. This technological progress in the A&D domain, bolstered by the growing demand for sophisticated and technologically advanced test equipment is likely to boost the market growth over the forecast spell.
Traffic collision avoidance system (TCAS) is gaining popularity as an aviation test set device. TCAS comprises an on-board radar surveillance mechanism that offers separation assurance throughout a predefined airspace column. There have been several versions of TCAS over the years, the latest being TCAS II, which works via interrogation of the Mode “S” and ATC transponders of nearby aircrafts, to determine their relative position, altitude and ranges, so as to avoid a potential collision mid-air.
Electrical aviation test equipment is also emerging as a prominent segment, owing to the rapid transition of aircrafts from pneumatic and hydraulic systems to electric systems. Because of this electrification in the aviation industry, the need for stable operation of aircraft electrical systems and power quality compliance surges, thus triggering aviation test equipment market demand.
The aviation test equipment industry is highly competitive and consists of key players such as Rolls Royce Holdings Plc, 3M, Honeywell International Inc., Avtron Aerospace (CapitalWorks), Rockwell Collins, General Electric Aviation, Testek, Airbus, Moog, SPHEREA Test & services, DAC International, Lockheed Martin Corporation, Boeing, Teradyne, Ideal Aerosmith Inc and DMA-Aero, among others.
Various strategic maneuvers are being undertaken by the industry players including joint ventures and business expansions to attain a stronghold in the competitive market space. For instance, in 2019, China-based Sichuan Haite Group and Italy-based MA Group established a joint venture in China, to employ manufacturing, MRO and R&D efforts for aircraft landing gears as well as composite aircraft components.
Meanwhile, Aero Systems Engineering was chosen by GE Aviation and Lufthansa Technik as a collaborative partner to design and construct a state-of the-art 13-meter XEOS engine test cell, to facilitate the testing and preparation of GEnx and the upcoming GEnx turbofan engine under a single roof.
Apart from the automotive industry, the aviation sector is among the most hard-hit, by the impact of the COVID-19 crisis. Flight cancellations and travel bans as response measures to the outbreak have led to a drastic decline in passenger traffic across the globe. This in turn set of a domino effect, resulting in rapid reduction of aircraft fleets, closure of subsidiaries deemed unprofitable, staff cuts and a near halt of almost all airport operations. Considering the magnitude of the upheaval caused by the pandemic, it is projected that a return to pre-crisis market levels could take several years.
Despite the uncertainty surrounding the long-term implications of the crisis, however, various initiatives by airports and the aviation industry for recovery and future planning, including preventative measures like health screening, temperatures checks and improved sanitization efforts, etc. throughout terminals, could potentially help the aviation domain regain its footing. This in consequence, could spell advancement for the aviation test equipment market in the years ahead.
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