Market Analysis
A constant increase has been witnessed each year in the total number of passengers that travel by air. At the same time, a constant increase has also been seen in the demand for new and improved aircraft from the airlines for catering this mushrooming demand. The term aviation has been derived from a Latin word Avis which means bird, the right translation provided that aviation deals with air travels..
It is a domain of aeronautics that includes designing, manufacturing, development and also operation of aircrafts. The aviation test equipment comprises of equipment utilized for inspecting, repairing brakes, resolution of mechanical and electrical problems and performance check within the aviation industry. It is largely used for maintaining hydraulic systems, pneumatic systems and many other systems. In fact, they play a pivotal role for maintaining aircraft in the defense and commercial aviation sector. All this has popularized the aviation test equipment market largely.
Fundamentally, aviation test equipment is engaged for inspection, calibration, evaluation as well as qualification testing of various aircraft devices. The aircraft instrumentation devices comprise of weather radar systems, generators, tachometer indicators, pressure sensitive devices, gyroscopes and inertial instruments. It also includes tachometer testers, scorsby tables, tilt tables, manual turn, pressure instrument chamber, vacuum and single axis rate table.
The aerospace and aviation sector have experienced a rapid growth while the increase in demand for aerospace activities coupled with the aviation technology advancement has automatically increased the demand for the global aviation test equipment market. Testing, calibration, and resolution of every issue are important processes that make the aviation testing equipment inevitable. The innovations in standard aviation systems while the advancements being developed in the designing and manufacturing of new aircraft need the utilization of the aviation test equipment to make sure that everything runs smoothly.
The older aircraft meanwhile need aviation test equipment for upholding the quality performance. Aviation test equipment possesses a wide scope especially in the defense sector owing to the widespread adoption of extremely advanced aviation technology that needs sophisticated testing equipment. The increasing need for unmanned aerial cars along with the advancement made in its development has opened new doors for the global aviation test equipment market.
Moreover, frequent updates made in aviation test equipment is another good source of aviation test equipment market expansion opportunities and the avionics module’s short lifespan will transform the market growth. The global aviation test equipment market is expected to have a surplus growth at a moderate CAGR over the forecast period (2017-2021). In short, more use of software adaptable solutions, configurable and scalable testers, multi-use test systems for multiple weapons, wavering government expenditure, increase in research and development activities, increased defense budget, and advancements in technology are key driving factors in the global aviation test equipment market.
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