The "Aviation Test Equipment Market by Segments (Electrical, Hydraulic, Pneumatic, Power), by Application (Military and Commercial), & by Geography (North America, Latin America, Asia-Pacific, Europe, the Middle East, Africa & ROW) - Global Forecasts & Analysis 2014–2020" is estimated to be $5.77 billion in 2014 and is expected to reach $7.15 billion by 2020. The CAGR for the global aviation test equipment market is expected to register a growth rate of 3.64% from 2014 to 2020.
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The report also dissects the analysis of the market for military and commercial aviation test equipment during the review period from 2014to 2020. The report also incorporates the factors that persuade a country’s expenditure on test equipment to cut or invest. It provides detailed expectations of growth rates and projected total expenditure.
The commercial and military aviation sector is increasingly anticipating, upgrading and extending the life of its surviving aircrafts due to budget constraints and program delays. Service life extension programs handicaps the aging platforms and support systems, including test equipment, and the related companies.
Though the U.S. and the Europe have the largest market for aviation test equipment, the recent economic slowdown in these western markets and increasing aircraft shipments with improved legacy standards in the Middle-East and the Asia-Pacific region has changes the entire scenario of the market. Emerging countries like China, Malaysia, and South Africa in regards to MRO services and test equipment are going to restructure the test equipment architecture during the forecast period.
The report provides an in-depth analysis of the present industry size and growth prospects for the forecast period, including highlights of key growth stimulators. It further benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in the specific areas.
The report analyses the market for military and commercial aviation test equipment during the review period 2014 to 2020. It also incorporates the factors that persuade a country’s expenditure on test equipment: to divest or invest. It provides detailed expectations of growth rates and projected total expenditure
The report also highlights the leading competitors in the global aviation test equipment market. Apart from the general overview of the companies, it focuses upon their financial position, key products, SWOT analysis, and key markets.
Market players such as Boeing and Airbus, enjoy maximum market share in this market, which is further being strengthened by the arrival of new and advanced aircrafts in the commercial and defense sector.