Aircraft Engine Test Cells Industry

The report "Aircraft Engine Test Cells Industry by Engine Test (Turbofan, Turbojet, Turboshaft, Piston Engine and Apu), End User (Oems, Mros, Airlines and Operators), End-Use Industry, Point of Sale, Solution Type & Region - Global Forecast to 2028" The aircraft engine test cells industry is projected to grow from USD 3.3 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The market growth can be attributed to the growing investments in establishing new aircraft engine test facilities. The aircraft engine test cells market includes major players Safran (France), MDS Aero Support Corporation (US), Calspan Corporation (US), Atec, Inc. (US), and CEL (Canada). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.

Browse 238 market data Tables and 63 Figures spread through 257 Pages and in-depth TOC on "Aircraft Engine Test Cells Industry by Engine Test (Turbofan, Turbojet, Turboshaft, Piston Engine and Apu), End User (Oems, Mros, Airlines and Operators), End-Use Industry, Point of Sale, Solution Type & Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/aircraft-engine-test-cells-market-69778185.html

Based on engine test, the turbofan segment is projected to lead the market during the forecast period.

The market for aircraft engine test cell solutions has been divided into four segments based on engine tests: piston engine, APU, turbofan, turbojet, and turboshaft (Auxiliary Power Unit). Due to its superior altitude capability over other engine types, turbofans are expected to dominate the aircraft engine test cells market throughout the forecast period. These engines are a great option for the military and commercial end uses, as they produce less noise than other types of engines.

Based on end-user, the OEMs segment will contribute to the highest market share in 2023.

The market for aircraft engine test cell solutions has been divided into OEMs, MROs, and airlines and operators segments based on the end-user. Because of significant expenditures in the modernization of engine test facilities, the OEMs segment is expected to hold the largest market share in 2023. These expenditures promote technological developments, raise the need for sophisticated testing equipment, and expand the market participants' worldwide reach.

Based on end-use industry, the commercial end-use industry will dominate the market during the forecast period.

The market for aviation engine test cell solutions has been divided into commercial and military segments based on the end-use industry. Due to its significantly larger fleet than military aviation, the commercial end-use industry is expected to dominate the market over the projection period. For the repair of aircraft engines, airlines and MRO (Maintenance, Repair, and Overhaul) service providers are working together.

Based on point of sale, the retrofit & upgrades segment is projected to grow at the highest CAGR.

The market for aircraft engine test cell solutions has been divided into three segments based on the point of sale: new installations, retrofit & upgrades, and maintenance & services. In the market for aircraft engine test cell solutions, the retrofit and upgrades sector is anticipated to expand at the fastest rate of growth since these projects provide a practical and affordable way to prolong the life and improve the functionality of current test cells.

Based on solution type, the test cells segment is projected to lead the aircraft engine test cells industry during the forecast period.

The market for aircraft engine test cell solutions has been divided into test cell, component test bench, software, ancillary system, and data acquisition & control system. The growing development of fuel efficient jet engines are driving the demand for advanced test cells which has capability to test sustainable aviation fuel  (SAF) engines. Also, an increasing upgradation of existing test facilities to boost development of test cells during the forecast period.

The Asia Pacific region is projected to be a high-growth potential market for aircraft engine test cell solutions during the forecast period.

Over the course of the projection period, Asia Pacific is anticipated to have the greatest CAGR. The Asia-Pacific region's growing aviation industry is driving a dynamic and swift rise of the market for aircraft engine test cell solutions. Numerous causes, including the rise in air travel, the spread of low-cost carriers, and significant government investments in aviation infrastructure across the region, are driving this expansion. The goal of producing aircraft engines independently has prompted large investments in R&D and testing facilities.

Key Players

The major players include Safran (France), MDS Aero Support Corporation (US), Calspan Corporation (US), Atec, Inc. (US), and CEL (Canada).

Don’t miss out on business opportunities in Aircraft Engine Test Cells Industry. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]