Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Aviation is an activity surrounding the mechanical flight and aircraft industry. The domain of aeronautics involves designing, development, manufacturing and operation of aircraft. These equipment are used for resolution of an electrical and mechanical problem, inspection, repairing brakes, performance check in the aviation industry. The equipment have their role in military and commercial sectors as well as in research and development for aviation equipment, innovation is another factor for the growth of the market. For instance in August 2020, Rostec demonstrated innovative aircraft and aviation products at the International Military- Technical Forum ARMY 2020. The presented items were rotor wing and aircraft technologies, engines and other accessories, avionics system, new generation target sight system, communication system and special purpose parachute systems. The test equipment are also used for managing the test, improve system reliability and safety. The increasing demand for maintenance of older aircraft is estimated to boost the growth of the global aviation market. The aviation equipment is incorporate with features that support improvement and integrating several weapon systems.
The increasing defense budget, government expenditure and use of software adaptable solution is significantly fueling the growth of market. Moreover rise in aerospace activity and demand for aviation test equipment in various region drives the market growth. For instance in January, 2021 Terma North America received contract award, defense logistics agency aviation for aircraft self-protection hardware, sustainment and engineering support. Beside the prolific progress in defense aircraft technologies is major factor for the growth of aviation test equipment market. Also in September , 2020 Russia’s Research, Development & Production Enterprise Zvezda under the contract of Glavkosmos with the human spaceflight centre of the Indian space research organisation (ISRO) has started manufacturing personal flight equipment for the Indian cosmonauts undergoing training in Russia. In addition low emission jet engine is one of key growth driver of the aviation test equipment market. These GEnx engine is an advanced high thrust jet engines with high fuel efficiency.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Aviation test equipment. In addition, complete analysis of changes on the Aviation test equipment expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to COVID-19 the aviation test equipment demand was low as majority aircraft had stopped working due to pandemic which ultimately affected the aviation test equipment market beside raw material and supply chain disruption is the major factor.
The Aviation Test Equipment is segmented based on by power test equipment, application and geography.
The aviation test equipment are available in different power test equipment electrical, hydraulic, pneumatic and power.
The hydraulic power test equipment is anticipated to hold the largest market share and expected to witness the highest CAGR in upcoming years. Hydraulic power test equipment are the type of portable ground support equipment that provides pressurized hydraulic fluid for performing aircraft maintenance. These are typically used to check the aircraft hydraulic system for operation and leaks, drain, filter the aircraft system hydraulic fluid and refill the aircraft system with clean fluid. Other benefits offered by these equipment are enhanced safety and low maintenance cost.
The aviation test equipment have its major application in military and commercial.
Commercial aviation concern scheduled flights from the larger tarmac airports that involve the transportation of passenger’s cargo. Beyond essential aeronautical functions these equipment allow optimize aircraft services and maintenance costs with reduce CO2 emission and fuel consumption. The commercial application is expected to witness the highest CAGR in the upcoming years as there is an increasing aircraft manufactured besides growing air passenger traffic is expected to drive the growth.
Geographically the aviation test equipment market is studied for the North America in following countries U.S, Canada and Mexico
North America is expected to grow at significant rate due to existence of more resources and high technology innovations. North America followed by Europe have major demand for the aviation equipment owing to their advanced capability in aerospace. Latin American market is also growing for aviation test equipment due to enhanced capabilities for repair, maintenance and overhaul services. However Asia Pacific is anticipated to grow with the highest CAGR in upcoming years.
The major key players in North America Aviation Test Equipment Market are Avtron Aerospace, Inc. (U.S), DAC International, Inc.(U.S) , International Aero Engineering LLC (U.S),Honeywell International, Inc.(U.S), The Boeing Company(U.S), Rockwell Collins, Inc.(U.S), Testek, Inc.(U.S) ,General Electric Co.(U.S), 3m Company(U.S), Moog, Inc.(U.S), Teradyne, Inc.(U.S), SPHEREA Test & services(U.S),Ideal Aerosmith Inc (U.S) and Lockheed Martin Corporation(U.S) among others.
November 2020: Worldwide Flight Services (WFS) has become the launch partner in North America for the latest aircraft decier developed by Mallaghan the leading manufacturers of aviation ground support equipment.
December 2019: Turbo Aviation had launched New TruStar Airline by Mid-2020 under UDAN scheme.
The report analyses the North America Aviation Test Equipment market based on by power test equipment, application and geography. The aviation test equipment are available in different power test equipment electrical, hydraulic, pneumatic and power. The aviation test equipment have its major application in Military and Commercial. Geographically the aviation test equipment market is studied for the North America in following countries U.S, Canada and Mexico.
The major key players in North America Aviation Test Equipment Market are Avtron Aerospace, Inc. (U.S), DAC International, Inc.(U.S) , International Aero Engineering LLC (U.S),Honeywell International, Inc.(U.S), The Boeing Company(U.S), Rockwell Collins, Inc.(U.S), Testek, Inc.(U.S) ,General Electric Co.(U.S), 3m Company(U.S), Moog, Inc.(U.S), Teradyne, Inc.(U.S), SPHEREA Test & services(U.S),Ideal Aerosmith Inc (U.S) and Lockheed Martin Corporation(U.S) among others.
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