LAMEA Test Benches Market Size, Share & Industry Trends Analysis Report By Component (Hardware and Software), By Application, By Test Material (Valve, Motors, Furniture), By Type, By Test Stands, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Test Benches Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
The market is influenced by factors like rising government spending on testing military aircraft and helicopters and an increase in air traffic worldwide. Additionally, the aerospace industry's demand for test benches has increased as avionics manufacturing & development activities have become more intense. The growth in air travel and trade has led to an increase in commercial aircraft production.
With the increase in air traffic, there is a significant rise in the need for aircraft testing. There are many engine parts and nearly 450 structural forged parts in a typical commercial aircraft. An aircraft must regularly test & maintain these components using a test bench. As a result, there is a critical requirement for the manufacturing of new test benches for the aerospace sector as a result of the increase in aircraft production.
Leading manufacturers of aircraft and helicopters are working on cutting the amount of fuel an aircraft or helicopter uses per passenger mile. Additionally, environmental impact and flight safety are important considerations when designing an aircraft or helicopter. The development of aircraft aerodynamic layout is expected to take place in the near future within the parameters of the classical layout, using electronic & electromechanical devices, novel materials, & super high bypass ratio engines. Test benches are utilized to put various standards for contemporary aircraft design to the test.
The travel and tourism sector currently accounts for the majority of Dubai's economic activity. Dubai's tourism industry is primarily composed of restaurants, MICE (meetings, incentives, conferences, and exhibitions), hotels, travel services, and destinations. Due to the UAE's launch of medical tourism portals, foreign patients can book procedures and access a range of tourism services, including direct contact with healthcare professionals, hotels, scheduling appointments, transportation, and other leisure activities.
The Brazil market dominated the LAMEA Test Benches Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29.5 million by 2028. The Argentina market is experiencing a CAGR of 8.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% during (2022 - 2028).
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Automotive & Transportation, Semiconductor & Electronics, Industrial Manufacturing & Engineering, Power Generation & Utilities, Oil & Gas, and Others. Based on Test Material, the market is segmented into Valve, Motors, Furniture, and Others. Based on Type, the market is segmented into Valve Test Benches, Force Test Bench, Torque Test Bench, and Others. Based on Test Stands, the market is segmented into Motorized Test Stands and Manual Test Stands. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Test Benches Market is Predict to reach $1.6 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Nidec Corporation, Ametek, Inc., dSPACE GmbH, PPT Group (Mecmesin), Kern & Sohn GmbH, IMADA, Inc., MCD Elektronik GmbH, Blum-Novotest GmbH, and Haven Automation Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Automotive & Transportation
- Semiconductor & Electronics
- Industrial Manufacturing & Engineering
- Power Generation & Utilities
- Oil & Gas
By Test Material
- Valve Test Benches
- Force Test Bench
- Torque Test Bench
By Test Stands
- Motorized Test Stands
- Manual Test Stands
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Nidec Corporation
- Ametek, Inc.
- dSPACE GmbH
- PPT Group (Mecmesin)
- Kern & Sohn GmbH
- IMADA, Inc.
- MCD Elektronik GmbH
- Blum-Novotest GmbH
- Haven Automation Ltd.
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