In order to meet the requirements of aviation electronic equipment, the article designs a kind of multi-functional test equipment. It describes overall, hardware and software design of the test equipment in detail and discuss the key technologies about it. The test equipment uses virtual instrument technology basing on component, divides into the components in a proper way. Through this way, it improves the universality and reusability and shortens the development period. It has been applied into a kind of aviation electronic equipment for debugging test, the environmental test and acceptance etc. It proves that the hardware and software design of test equipment is reasonable and the degree of automation is high with high reliability.