Global Aviation Test Equipment Market Will Reach Usd 7,254 Million by 2021: Zion Market Research
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- Date Submitted: 08/08/2016 04:20 AM
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Zion Market Research has published a new report titled “Aviation Test Equipment (Electric Systems, Hydraulic Systems, and Pneumatic Systems) Market for Commercial and Military Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for aviation test equipment market was valued at USD 5,631 million in 2015, and is expected to generate revenue of USD 7,254 million by end of 2021, growing at a CAGR of slightly above 3.7% between 2016 and 2021.
Aviation test equipments play very crucial role in assuring safety of an aircraft in its operation. These test equipments are mainly used for aircraft, artificial satellites, and spacecraft testing. Advancement in testing technology helps to support the needs of commercial and military aircraft manufacturers globally. Aviation is the practical aspect of aeronautics, which includes design, production, development, operation of aircraft, particularly heavier than air aircraft.
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The aviation test equipment market is mainly driven by rising R&D activities of aviation test equipments, and growth in worldwide aerospace and defense industry. Rising demand from commercial aerospace and increasing use of software adaptable solution is expected to fuel the aviation test equipment market in the near future. However, sustainment of legacy platforms may pose challenge to the market growth in the near future. Several test developers in the test equipment market are greatly challenged by the rising demand for advanced calibrated equipment and avionics systems.
The aviation test equipment market is segmented on the basis of different types of system including electric systems test equipment, hydraulic systems test equipment, and pneumatic systems test equipment. In term of revenue, hydraulic systems test equipment was the largest segment in 2015 and accounted for...
Aviation test equipments play very crucial role in assuring safety of an aircraft in its operation. These test equipments are mainly used for aircraft, artificial satellites, and spacecraft testing. Advancement in testing technology helps to support the needs of commercial and military aircraft manufacturers globally. Aviation is the practical aspect of aeronautics, which includes design, production, development, operation of aircraft, particularly heavier than air aircraft.
Request Report Sample https://www.zionmarketresearch.com/sample/aviation-test-equipment-market
The aviation test equipment market is mainly driven by rising R&D activities of aviation test equipments, and growth in worldwide aerospace and defense industry. Rising demand from commercial aerospace and increasing use of software adaptable solution is expected to fuel the aviation test equipment market in the near future. However, sustainment of legacy platforms may pose challenge to the market growth in the near future. Several test developers in the test equipment market are greatly challenged by the rising demand for advanced calibrated equipment and avionics systems.
The aviation test equipment market is segmented on the basis of different types of system including electric systems test equipment, hydraulic systems test equipment, and pneumatic systems test equipment. In term of revenue, hydraulic systems test equipment was the largest segment in 2015 and accounted for...