Aviation Test Equipment Industry Market Report 2019: Top Companies Overview, Market Size, Share, Market Demand, Trend, Growth and Forecast 2024

November 27 17:00 2019
Aviation Test Equipment Industry Market Report 2019: Top Companies Overview, Market Size, Share, Market Demand, Trend, Growth and Forecast 2024
According to the latest report by IMARC Group, the the global aviation test equipment market is expected to grow at a CAGR of around 4% during 2019-2024.

Aviation test equipment refers to devices and instruments that are employed for inspection, calibration, evaluation and quality testing of aircraft mechanisms. The equipment is designed for the maintenance of electrical and hydraulic systems of the aircraft and improving the reliability of the system while isolating failures to reduce the overall costs. Some of the commonly used equipment include pitot static adapters, air data test sets, distance measuring equipment, tactical air navigation system (TACAN) testers, radar test sets, altimeter test sets and GPS satellite simulators.

Market Trends

The global market is driven by the thriving aerospace and defense industries. Apart from maintenance, test equipment is also used for construction, integration and management of weapon systems in military aircraft, which is enhancing the product adoption. Furthermore, increased utilization of software-based solutions to replace traditional testing methodologies is also contributing to the growth of the market. Other factors, including extensive research and development (R&D) activities and increasing defense budget, are projected to drive the market further.

For more information about this report visit: https://www.imarcgroup.com/aviation-test-equipment-market

Market Segmentation:

Market Breakup by Type

1. Electrical
2. Hydraulic
3. Pneumatic
4. Others

Market Breakup by End-Use Sector

1. Commercial Sector
2. Defense/Military Sector
3. Others

Market Breakup by Region

1. North America
2. Asia Pacific
3. Europe
4. Middle East and Africa
5. Latin America

Some of the major players operating in the industry include:

Honeywell International Inc. (NYSE: HON)
Boeing (NYSE: BA)
General Electric Co.
3M
Airbus
Rockwell Collins
Moog, Inc.
Teradyne Inc.
SPHEREA Test & Services (SPHEREA)
Rolls Royce Holdings Plc

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/aviation-test-equipment-market/requestsample

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