Press release
Aviation Test Equipment Market 2018 Top Key Players Honeywell International, Airbus, Boeing, Rockwell Collins, Rolls Royce Holdings Plc, 3M, General Electric Aviation, Moog, Teradyne, Lockheed Martin, Avtron Aerospace, Testek, DAC International
Global Aviation Test Equipment Market share is segmented into commercial and military. Based on product, the industry is divided into electric, hydraulic, and pneumatic aviation test equipment market. The testing devices used are traffic collision avoidance system (TCAD) test set, tactical air navigation system (TACAN) testers, engine test sets, RADAR test sets, air data test sets, distance measuring equipment testing, altimeter test sets and battery testers among others.
Growth in the aerospace and defense industry and increasing R&D activities are the major driving factors for the development of the aviation test equipment market. Increased development of software adaptable solutions, increased investment in defense sector by the governments and growing commercial aerospace industry further fuels the demand.
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Top Key Players:-
The key players of global Aviation Test Equipment Market are Honeywell International Inc., Airbus, Boeing, Rockwell Collins, Rolls Royce Holdings Plc, 3M, General Electric Aviation, Moog, Teradyne, SPHEREA Test & services, Lockheed Martin Corporation, Avtron Aerospace, Testek, DAC International, DMA-Aero Ideal Aerosmith Inc.
Regional Segmentations:-
U.S. and Europe aviation test equipment market size are the key regional industries owing to production capacity, technical expertise and availability of skilled professionals. The companies are focusing on reducing turn-around time and built efficient customer support system to maintain the market share. Mergers of major airlines has made the airline industry profitable, which will drive the U.S. aviation test equipment market share.
APAC is a promising regional sector for the long-haul segment and heavily relies on medium and small wide body aircraft. Manufacturers are shifting their focus on countries such as India, China, Brazil, Mexico, Egypt, Morocco due to availability of cheap labor, skilled employees and favorable government initiatives.
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Sustaining the legacy platform and short life span of avionics modules are restraining the industry growth. Long term investment funding required by the manufacturers as well as for the end users may curb the demand. Budget constraints and delay in delivery of the aircraft have led to development of aircraft with extended life. This service life extension will restrict the support system growth including aviation test equipment market size. Development of standard and synthetic test instruments, updating legacy equipment and rise in unmanned aerial vehicle testers in battlefield and in the national airspace platforms provides growth opportunities to the aviation test equipment market players.
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