5:37 AM Avionics and Radio Test Market Size to reach US$ 2.1 billion in 2025 |
Avionics and Radio Test Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. The demand for test and measurement equipment in the aerospace industry has been vigorous over the past few years whose credit goes to the excellent organic growth of both civil as well as military aviation coupled with ongoing advancements in technologies, necessitating the importance to equipment. The aerospace & defense industry has been one of the biggest users of test and measurement equipment in which avionics and test equipment play the major role. It is estimated that the market for avionics and radio test is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2.1 billion in 2025. The aerospace and defense industry is one of the most critical end-user segments for the test and measurement market. The general trend in the industry is to have more technologically-capable & smaller platforms and military systems. Avionics and radio are the electronic systems which include communications, navigation, the display and management of multiple systems and sub-systems, fitted in an aircraft to perform individual functions. In civil aircraft, avionics are majorly powered by using 14- or 28-volt Direct Current (DC) electrical systems, whereas military and combat aircraft use Alternate Current (AC) systems operating at 400 Hz, 115 Volt AC. In order to avoid mishap due to failure or breakdown in any of the avionic equipment, it is required to have proper monitoring and test of the systems. The most important requirements regarding test equipment are the full capture of signals of greater bandwidth, wideband capabilities, and architecture alignment with multifunction antenna systems, more software content, and greater ease of use. In recent years, the market is witnessing a gradual consolidation as major players are acquiring other players to strengthen their product portfolio and expand their geographical reach. For instance, in 2019, Astronics Corporation acquired Freedom Communication Technologies to strengthen its position in the radio test market. Similarly, in 2018; Viavi Solutions, Inc. acquired Cobham’s AvComm (Advanced Communication and connectivity) business unit to diversify its operation into military, public safety, and avionics test markets. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/668/avionics-and-radio-test-market.html Avionics and Radio Test Market Segment Insights: By Product Type: Radio test is expected to remain the dominant segment during the forecast period. Radio test systems are majorly used to test military radio and private mobile radio in commercial aircraft. However, recent developments in the areas of synthetic test are likely to transform the present market scenario. It is expected that synthetic test systems will be used to test various applications of avionics and radio systems used in aircraft and helicopters. By Region: North America is projected to remain the largest market for avionics and radio tests during the forecast period. The USA is the growth engine of the region’s market and has one of the largest fleets of commercial and military aircraft in the world. Increasing defense budget from the past three years (2016-2018) coupled with increasing demand for F-35 and KC-46 Pegasus aircraft is the pith behind the growing demand for test and measurement equipment in the country. Mexico, a diminutive market in front of giant USA, is also estimated to grow at a healthy pace in the coming five years, propelled by higher proximities of the country to the USA. Aerospace companies are opening their plants in the country to leverage the country’s business-friendly policies, high proximity to the USA, and low-cost labor. Asia-Pacific is likely to witness the highest growth in the market during the forecast, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, increasing defense budget of key economies, opening of assembly plants of Boeing and Airbus, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ). The region owns the largest fleet of commercial aircraft for which there is a colossal requirement for test and measurement equipment. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/668/avionics-and-radio-test-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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