The Russian aerospace testing market is anticipated to grow at a considerable CAGR of 1.1% during the forecast period (2022-2028). Aerospace testing is a service involving the testing of aircraft on different points. Aerospace testing service includes evaluation of hydraulic & electronic systems, the acoustic intensity of aircraft, material testing of aircraft, dynamic response, and severe environmental and hazardous flow testing of aircraft. The major factor attributing to the growth of the Russian aerospace testing market includes increasing aircraft production in Russia. According to an article published by Russian Aviation Insider, the Russian aircraft industry is endeavoring its key presence with the design, development, and manufacturing of advanced commercial aircraft programs. The manufacturing facility of Superjet 100, a regional passenger jet by United Aircraft Corp. (UAC) of Russia delivered 26 aircraft to customers in 2019. Thus, boosting the demand for aerospace testing.
The application of aerospace testing is further increasing due to increasing air travel across Russia requiring aerospace testing services to timely test an aircraft and perform required maintenance services in order to keep air travel safe. According to the World Bank data, the statics provided by the International Civil Aviation Organization (ICAO) showed that around 62.4 million air passengers were carried through scheduled aircraft across Russia in 2020. Thus, contributing to the growth of the Russian aerospace testing market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-
- In April 2022, General Electric Power Conversion has been selected to supply and install an electric speed drive system for the test facility of Safran Aero Boosters.
- In April 2022, Promin Aerospace, a Ukrainian startup successfully tested an engine for self-devouring rockets. This is the first step in creating an autophagic rocket, a complete launch vehicle that can solve the issues including space debris, and rocket part re-entry.
- In April 2022, the National Aeronautics & Space Association (NASA) signed a contract with Jacobs Technology Inc. According to this contract, Jacobs Technology Inc. will provide aerospace testing and operations facilities to NASA.
- In April 2022, Lilium, an eVTOL-aircraft developer started next-phase flight testing in Spain using Phoenix 2, its 5th generation technology demonstrator. Lilium also announced the launch of the additional demonstrator, Phoenix 3 for first flight testing in 2022.
- In March 2022, Airbus successfully tested MSN 1, an Airbus A380 test aircraft using 100% Sustainable Aviation Fuel (SAF).
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Competitive Landscape- Airbus S.A.S., Boeing, Intertek Group plc, Dayton T. Brown Inc., and Mistras Group, among others.
A full report is available at: https://orionmarketreports.com/the-russian-aerospace-testing-market/109278/
Russian Aerospace Testing Market Report by Segment
By Type
- Dynamic Response
- Climatic
- Acoustic Intensity
- Others
By Application
- Commercial Aircrafts
- Regional Aircrafts
- General Aviation
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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