- The key vendors in the Global Aviation Test Equipment Market 2014-2018 are Airbus Group, Boeing Corp., GE Corp., Honeywell International Inc. and Rolls-Royce Holdings plc.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Aviation Test Equipment Market 2014-2018. Increase in research and development activities is one of the upcoming trends in the market. The vendors are developing systems that can help in expanding the strength and efficiency of existing aircraft in unfavorable conditions.
Aviation test equipment is used in the upgrade and maintenance of electrical, hydraulic, pneumatic, and power systems in a continuous process. Regular check-ups of the security and maintenance systems using aviation test equipment help to keep the aircraft in both the Commercial and Military sectors up to date.
“Due to the increased number of aircraft, there is a high requirement for maintenance, which is directly influencing the adoption of aviation test equipment to maintain and upgrade the electrical, hydraulic, pneumatic and power components of aircraft,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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