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Avionics and Radio Test Market to Reach US$ 2.1 Billion in 2025, Says Stratview Research
Avionics and radio systems continue to advance at a rapid pace in the aviation industry. The demand for advanced test solutions is driven by various factors such as high-speed and high-bandwidth avionics. With the increased complexity of avionics and radio systems in the aerospace and defense industry, customers are facing challenges in the testing, validation, and verification of these modern systems. This trend is changing the face of the test equipment market as well as is accelerating the need for flexible and scalable test solutions. The increasing pace of technology change, system complexity, and changing standards and regulations are contributing significantly towards changing dynamics of the test equipment market. Analogously, built-in-test equipment (BITE) is used in commercial as well as military aircraft, which refers to the fault management and diagnose of avionics and radio equipment built in the airborne system.
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. .
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Based on the platform type, . Increasing deliveries of commercial and regional aircraft to support rising air passenger traffic, growing demand for fuel-efficient aircraft, and expanding aircraft fleet size are the key growth drivers of the segment's market. A320neo family, B787, and A350XWB would remain the growth engines of the market. Defense & Security segment is also estimated to generate a sizeable demand for test equipment in the coming five years.
Based on the product type, the market is segmented into avionics test, radio test, and synthetic test. . 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.
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In terms of region, . 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 driver behind the growing demand for test and measurement equipment in the country. However, , 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.
. Formation of long-term contracts, new product developments, and strategic alliances are the key strategies adopted by major players to gain a competitive edge in the market.
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.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the avionics and radio test market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
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