Report Overview
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The global civil aircraft weighing equipment market size was USD 12 million in 2020. As per our research, the market is expected to reach USD 15 million by 2027, exhibiting a CAGR of 3.2% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the civil aircraft weighing equipment market growth and demand returning to pre-pandemic levels once the pandemic is over.
This market is expanding thanks to innovative and interesting technological developments. This gear is essential for maintaining the effectiveness and safety of civil aviation operations. To estimate the weight and balance of the aircraft, it is crucial to have precise and trustworthy weighing equipment given the rising demand for air travel.
The market is filled with different kinds of Civil Aircraft Weighing Equipment. The platform scale, used to weigh the entire aircraft, is among the most popular. These scales are built to support high loads and give precise weight readings. The load cell system, which comprises sensors positioned beneath the aircraft's landing gear, is another form. These sensors track the aircraft’s weight distribution in real-time by measuring the force exerted on each landing gear. Wireless weighing systems for civil airplanes have been developed due to exciting technological developments. These methods make the weighing process more convenient and efficient by eliminating the need for any physical connections between the weighing apparatus and the aircraft.
COVID-19 Impact: Gradual Resumption Of Air Travel And Increasing Demand For Passenger And Cargo Transportation to Accelerate Market Growth
The COVID-19 pandemic has significantly impacted this market. Nevertheless, there is cause for optimism about the future despite the difficulties. The requirement for dependable and precise weighing equipment for civil airplanes is more critical than ever with the slow return of air travel and the rising demand for passenger and cargo transportation. Airlines are investing in cutting-edge weighing solutions as they work to comply with safety rules and maximize fuel efficiency. This creates a huge potential for businesses in the market to offer cutting-edge products and services that will have a lasting impact on the aviation sector.
Latest Trends
"Technology Advancements to Boosts Market Expansion"
The COVID-19 pandemic has significantly impacted this market. Nevertheless, there is cause for optimism about the future despite the difficulties. The requirement for dependable and precise weighing equipment for civil airplanes is more critical than ever with the slow return of air travel and the rising demand for passenger and cargo transportation. Airlines are investing in cutting-edge weighing solutions as they work to comply with safety rules and maximize fuel efficiency. This creates a huge potential for businesses in the Civil Aircraft Weighing Equipment market to offer cutting-edge products and services that will have a lasting impact on the aviation sector.
Segmentation
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- By Type
On the basis of type, the market can be segmented into platform system and jack weigh system. Among these, the platform system is projected to experience rapid growth through 2028.
- By Application Analysis
The market can be divided based on application into commercial jetliners, business jet, regional aircraft, and others.
Commercial jetliners are expected to hold the most civil aircraft weighing equipment market share in the upcoming years.
Driving Factors
"Increasing Number Of Air Passengers Worldwide to Propel Market Expansion"
There is an increase in demand for Civil Aircraft Weighing Equipment due to numerous important driving forces. First, there are now significantly more civil airplanes in operation due to the rising number of air travelers worldwide. As a result, there is an increasing demand for precise and trustworthy weighing equipment to guarantee the effectiveness and safety of these aircraft. Manufacturers of Civil Aircraft Weighing Equipment now have access to a profitable market.
"Growing Complexity Of Real Estate Transactions to Fuel Market Growth"
The tight rules and restrictions enforced by aviation authorities boost the civil aircraft weighing equipment market. Airlines must periodically weigh their aircraft by these laws to ensure they don't exceed the weight restrictions. In addition to incurring fines and penalties, breaking these rules can jeopardize the safety of the aircraft. Therefore, airlines are investing in cutting-edge weighing equipment to comply with these specifications and stay clear of any potential liabilities. Technological developments are also aiding the development of the market in aircraft weighing equipment. Manufacturers always develop new ideas and create products that offer more accuracy, productivity, and use.
Restraining Factor
"High Cost And Complexity Of The Software to Hinder Market Growth"
Innovation and cutting-edge technologies are driving the Commercial Real Estate Software industry. However, some impediments must be acknowledged. The high cost of installing and sustaining these software solutions is a key problem facing this market. It might be challenging for many organizations to allocate a sizable portion of their budget to such technologies. Its adoption may also be hampered by the software's complexity and the requirement for substantial training. Despite these restrictions, this market is still growing and overcoming these challenges, offering companies cutting-edge solutions to improve productivity and spur expansion.
Regional Insights
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"North America to Dominate Market Due To The Need For Improved Efficiency And Productivity "
North A merica to hold the largest civil aircraft weighing equipment market share. Factors driving the market growth in this region include the increasing number of air passengers worldwide. The growing complexity of real estate transactions fuels market expansion.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Intercomp (U.S.)
- VPGSensors (U.S.)
- Jackson Aircraft Weighing (Australia)
- LANGA INDUSTRIAL (Spain)
- TMH-TOOLS (France)
- General Electrodynamics Corporation (U.S.)
- Henk Maas (Netherland)
- TOR REY (Mexico)
- Teknoscale (Finland)
- FEMA AIRPORT (France)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 12 Million in 2020 |
Market Size Value By |
US$ 15 Million by 2027 |
Growth Rate |
CAGR of 3.2% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the civil aircraft weighing equipment market expected to touch by 2027?
The civil aircraft weighing equipment market is expected to reach USD 15 million by 2027.
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What CAGR is the civil aircraft weighing equipment market expected to exhibit by 2027?
The civil aircraft weighing equipment market is expected to exhibit a CAGR of 3.2% by 2027.
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Which are the driving factors of the civil aircraft weighing equipment market?
The civil aircraft weighing equipment market driving factors are the increasing number of air passengers worldwide and the growing complexity of real estate transactions.
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Which are the key players or most dominating companies functioning in the civil aircraft weighing equipment market?
Intercomp (U.S.), VPGSensors (U.S.), Jackson Aircraft Weighing (Australia), LANGA INDUSTRIAL (Spain), and TMH-TOOLS (France) are some of the top companies in the civil aircraft weighing equipment market.
