Global Aviation Test Equipment Market 2016-2020

Global aviation test equipment market analysis

As per Technavio's global aviation test equipment industry report, the growth of the market is expected to be at a CAGR of nearly 4% during the forecast period. The introduction of low-emission GEnx jet engine is one of the key growth drivers of the market. The GEnx engine is an advanced high-thrust jet engine with fuel-efficient capabilities. This engine was developed by Airbus A350 and Boeing 787 Dreamliner aircraft and has several advantages like fuel efficiency, noise-free performance, and reduced NOₓ emissions. The benefits of this engine have drawn many investments, which is expected to spur the aviation test equipment market worth in the coming years.

In this industry research report, the analysts have estimated that the growing demand in emerging economies is one of the key aviation test equipment market trends. Most aircraft flight-testing equipment manufacturers are moving to developing countries like Mexico, Brazil, Egypt, Libya, and Morocco. For instance, in 2010, AirAsia X signed a contract with Lufthansa Technik for maintenance, repair and overhaul services of its wide-body fleet of eight Airbus A330s and A340s. Therefore, the rising investments in emerging countries will aid in the growth of the aviation test equipment market size & share during the forecast period.

Segmentation by application and analysis of the aviation test equipment market

• Commercial
• Military

During 2015, the global commercial aviation test equipment segment dominated the market and accounted for a market share of more than 59%. The increasing number of orders and deliveries of commercial aircraft will fuel the growth of this market segment by 2020.

Geographical segmentation and analysis of the aviation test equipment market

• Americas
• APAC
• EMEA

During 2015, the Americas dominated the aviation test equipment market and is anticipated to reach more than USD 2.5 billion by 2020. The mergers of major airlines in the US has made the country’s airline industry the most profitable in the world market. These airlines are also investing in advanced actuation and test equipment systems to enhance their flight safety and operations, which will aid in the growth of this market in the coming years.

Competitive landscape and key vendors

The aviation test equipment market is highly competitive due to the presence of several large vendors in the market. The vendors compete on the basis of cost, product quality, reliability, and aftermarket service. It is imperative for the vendors to provide cost-effective and high-quality test equipment to survive in the competition.

Top vendors in the market are –

• Boeing
• Honeywell International
• Moog
• Rockwell Collins
• SPHEREA Test & Services

Key questions answered in the report include

• What will the aviation test equipment market size and growth rate be in 2020?
• What are the key factors driving the global aviation test equipment market?
• What are the key market trends impacting the growth of the global aviation test equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global aviation test equipment market?
• What are the market opportunities and threats faced by the vendors in the global aviation test equipment market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.

What are the key outcomes of the five forces analysis of the global aviation test equipment market?