31-Aug-2018 | Zion Market Research
Zion Market Research has published a new report titled “Aviation Test Equipment Market (Electric Systems Test Equipment, Hydraulic Systems Test Equipment, Pneumatic Systems Test Equipment) for Commercial Aviation Test Equipment and Military Aviation Test Equipment Application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2026”. According to the report, global demand for aviation test equipment market was valued at approximately USD 6.84 billion in 2019, and is expected to generate revenue of around USD 9.03 billion by end of 2026, growing at a CAGR of around 4.1% between 2020 and 2026.
Browse the full “Aviation Test Equipment Market (Propyl Alcohol, Hydraulic Systems Test Equipment, Ethyl Alcohol and Pneumatic Systems Test Equipment) for Commercial Aviation Test Equipment, Military Aviation Test Equipment, and Clinical Surfaces Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026..” Report at https://www.zionmarketresearch.com/report/aviation-test-equipment-market
The main products available in aviation test equipment market are commercial aviation test equipment and military aviation test equipment. Among them, the demand for commercial aviation test equipment is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Growing product demand for commercial & military equipment to impel market expansion
“Improvement in testing technology along with rampant product application in aircraft, spacecraft, and artificial satellites will apparently boost the aviation test equipment market scope.” says the author of this study. Apart from this, escalating popularity of aviation test equipment in commercial aerospace as well as defense sectors is likely to drive the global aviation test equipment market trends. Furthermore, surge in R&D activities pertaining to aviation test equipment and mounting application of software adaptable solutions is anticipated to support the aviation test equipment market growth over the years to come.
Sustainability of legacy tools, however, is projected to impede the expansion of aviation test equipment market over the years to come. Many of the aviation test equipment developers face lofty challenges due to the humongous demand for advanced calibrated device & avionics systems.
Key Airliner Merger Deals to Help North America Continue Domination
Geographically, North America has been leading the worldwide aviation test equipment market and is projected to continue its domination in the near future, states the market study. The merging of key airlines in the U.S. has tremendously influenced the growth of airline industry in North America, thereby driving the growth of aviation test equipment market in the region. In 2019, North America accounted for more than 35% of the global aviation test equipment market share.
This report segments the global aviation test equipment market as follows:
Global Aviation Test Equipment Market: System Segment Analysis
Global Aviation Test Equipment Market: Application Segment Analysis
Global Aviation Test Equipment Market: Regional Segment Analysis
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