Aviation Test Equipment Market To Reach US$ 7,254 million By 2021

31-Aug-2018 | Zion Market Research

With the presence of a large pool of participants, the global aviation test equipment market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Honeywell International Inc., Airbus, Rockwell Collins, and Teradyne Inc are few of the key vendors of aviation test equipment across the globe. These players in the aviation test equipment market focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for expanding across aviation test equipment market, states the study.

This review is based on a report by Zion Market Research, 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, 2015 – 2021.”- Report at http://www.zionmarketresearch.com/report/aviation-test-equipment-market

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As estimated in this report, the global aviation test equipment market stood at US$ 5,631 million in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in aviation test equipment market is expected to reach US$ 7,254 million by the end of the forecast period. 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.

Global Aviation Test Equipment Market

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. For the record, in 2015, North America accounted for more than 35.26% of the global aviation test equipment market share.

The global aviation test equipment market is segmented as follows:

By Type

  • Electric Systems Test Equipment
  • Hydraulic Systems Test Equipment
  • Pneumatic Systems Test Equipment

By Product

  • Commercial Aviation Test Equipment
  • Military Aviation Test Equipment

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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