According to the new market research the "Aviation Test Equipment Market by Segments (Electrical, Hydraulic, Pneumatic, Power), Application (Military and Commercial) & Geography (North America, Latin America, Asia-Pacific, Europe, the Middle East, Africa & ROW) - Forecasts & Analysis 2014-2020, published by MarketsandMarkets, is projected to cross $7.15 Billion by 2020
Browse more than 91 market data Tables with 32 Figures spread through 161 Pages and in-depth TOC on "Aviation Test Equipment Market".
Early buyers will receive 10% customization on this report.
The report scrutinizes the in-depth analysis of the present industry size and growth prospects for the forecast period, including highlight of key growth stimulators. The report further benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in the specific areas.
The platform costs upsurge at a higher rate than test equipment.As test equipment becomes more proficient, and the effects of budget austerity continues to make themselves felt, the (already small) percentage of platform cost spent on the type of equipment; electrical, hydraulic, pneumatic, and power, will plummet, perhaps dramatically. Market dynamics will be governed and measured as a function of demand rather than a ratio against platform cost.
Market players such as Boeing and Airbus among others, are consuming the test equipment market, which is being strengthened by the arrival of new and advanced aircraft in the commercial as well as defense sector.
Test developers in the test equipment market are greatly challenged by the growing demand for advanced avionics systems and calibrated equipment. The developers of test equipment must polish their technologies to support new requirements for the older aircrafts even as they deploy and upgrade the new standard testers to administer the entire commercial and military fleet as well.
According to Yajan Dua, research associate, Aerospace and Defense business unit at MarketsandMarkets “The aviation test equipment market is expected to show substantial growth by 2020 with a CAGR of 0.0364%.”
The declining rate at which the government is procuring aircrafts eventually leads to retardationat the rate at which they need testers. An optimistic approach also details the avionics aircraft segment as the single gigantic area of weapons system procurement sector.
Since the economic environment is in a state of flux,it has buttressed the itch to craft more affordable test equipment solutions, which can be adapted to support multiple programs to help reduce in development and sustenance cost.
Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=139453393
With the changing trends, avionic aspirations have outperformed legacy-testing abilities and it is pre-requisite from modern testers that they must inherit the capabilities and architecture that will swell easily to integrate with the requirements for multiple weapons systems.
The typical life cycle of aviation test equipment lasts 10-12 years with a mid-life upgrade in both, software and hardware components.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252