U.S. and Europe aviation test equipment market are the key regional industries owing to production capacity, technical expertise and availability of skilled professionals. The companies are focusing on reducing turn-around time and built efficient customer support system to maintain the market share. Mergers of major airlines has made the airline industry profitable, which will drive the U.S. aviation test equipment market share.
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By area of application, the aviation test equipment market share is segmented into commercial and military. Based on product, the industry is divided into electric, hydraulic, and pneumatic aviation test equipment market. The testing devices used are traffic collision avoidance system (TCAD) test set, tactical air navigation system (TACAN) testers, engine test sets, RADAR test sets, air data test sets, distance measuring equipment testing, altimeter test sets and battery testers among others.
Testing of new technologies such as digital RF and DIRCM and development of test equipment for multiple weapon platform will contribute to industry growth. Demand for modern aviation test equipment market share is fueled by rising focus on advancing the existing systems. For instance, in June 2015 Airbus installed flight test equipment on its first A321 neo in Germany.
APAC aviation test equipment market is a promising regional sector for the long-haul segment and heavily relies on medium and small wide body aircraft. Manufacturers are shifting their focus on countries such as India, China, Brazil, Mexico, Egypt, Morocco due to availability of cheap labor, skilled employees and favorable government initiatives. Honeywell with this five-year licensing agreement expects to address MRO services arising due to increasing aircraft fleet growth in China and Asia Pacific.
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Growth in the aerospace and defense industry and increasing R&D activities are the major driving factors for the development of the aviation test equipment industry. Increased development of software adaptable solutions, increased investment in defense sector by the governments and growing commercial aerospace industry further fuels the demand.
Sustaining the legacy platform and short life span of avionics modules are restraining the industry growth. Long term investment funding required by the manufacturers as well as for the end users may curb the demand. Budget constraints and delay in delivery of the aircraft have led to development of aircraft with extended life. This service life extension will restrict the support system growth including aviation test equipment market size. Development of standard and synthetic test instruments, updating legacy equipment and rise in unmanned aerial vehicle testers in battlefield and in the national airspace platforms provides growth opportunities to the aviation test equipment market players.
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Some of the players in the aviation test equipment industry are Honeywell International Inc., Airbus, Boeing, Rockwell Collins, Rolls Royce Holdings Plc, 3M, General Electric Aviation, Moog, Teradyne, SPHEREA Test & services, Lockheed Martin Corporation, Avtron Aerospace, Testek, DAC International, DMA-Aero Ideal Aerosmith Inc, etc.