DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hl5nh8/global_aviation) has announced the addition of the "Global Aviation Test Equipment Market 2014-2018" report to their offering.
The Global Aviation Test Equipment market to grow at a CAGR of 3.56% over the period 2013-2018
Aviation test equipment are used in the Aviation industry for upgrading and maintaining the electrical, hydraulic, pneumatic, and power systems. Regular check-ups of the security and maintenance systems help the aircraft, of both the Commercial and Military sectors, to be up to date and in a good condition, which is indispensable considering the security aspects.
There is an increase in R&D activities in an effort to improve existing technologies in the commercial and defense aviation sectors. In an attempt to improve existing technology, vendors are developing systems that can help in expanding the strength and efficiency of existing aircraft in unfavorable conditions.
According to the report, one major factor driving the market is a decrease in defense budgets worldwide, which has led to the introduction of many programs to upgrade and extend the life of existing aircraft in both the commercial and military sectors.
Further, the report states that one of the major factors that is posing a challenge to the Global Aviation Test Equipment market is the maintenance of legacy platforms. The DoDs of several nations are finding it difficult to maintain software upgrades and enhancements because of the cost.
Key Vendors
- Airbus Group
- Boeing
- GE
- Honeywell International
- Rolls Royce Holdings
Other Prominent Vendors
- 3M
- Moog
- Rockwell Collins
- Teradyne
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/hl5nh8/global_aviation
