Published on : Apr 19, 2016
ALBANY, New York, April 19, 2016: The report states that the global aviation test equipment market is predicted to progress at a 3.96% CAGR during the period between 2016 and 2020 due to the technical advancements in aviation test devices and the introduction of multi-purpose test systems for military aircraft.
Aviation test equipment is the set of devices that tests and maintains an aircraft and its operations. Aviation test equipment takes care of the design, development and the production procedures of aircraft. Aviation test equipment also makes sure that newly developed aircraft function properly. Such test equipment is used on experimental aircraft, development aircraft, and prototype aircraft to monitor different parameters. The global aviation equipment market comprises electrical, pneumatic, power, and hydraulic solutions. Aviation test equipment or devices find their application in routine checks conducted for the maintenance of various systems in an aircraft as various controls are required to retain its airworthiness. Aviation equipment is also essentially used at the time of the assembly of a plane, its aftermarket services, and also to check the functionality of the plane.
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The global aviation test equipment market is segmented on the basis of geography, application, and system. By geography, the global aviation test equipment market is divided into the Americas, APAC, and EMEA. Some of the leading players operating in the global aviation test equipment market are Boeing, Moog Inc., Rockwell Collins, SPHEREA Test & Services, 3M, GE, Avionics, Teradyne, and Rolls-Royce. Leading players in the global aviation test equipment market are planning to introduce new equipment to match the changing trends. Thanks to the technological advancements, leading players are expected to contribute towards the growth of the global aviation test equipment market.
Based on application, the global aviation test equipment market is classified into military and commercial. The cost associated with the autopilot system is the only factor expected to propel the global aviation test equipment market in the years to come. However, factors such as the untapped market and the changing trends in UAS flight testing are predicted to propel the global aviation test equipment market in the years to come.
Based on system, the global aviation test equipment market is classified into electric, hydraulic, and pneumatic. Emerging opportunities in the global aviation test equipment market are expected to benefit leading players in the next few years. Also, the new entrants are expected to contribute considerably to the global aviation test equipment market due to the presence of new technologies and innovative product development ideas. The increasing funding and support from governments of many nations is expected to benefit the global aviation test equipment market.
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