DALLAS, 28 March 2014. The global aviation test equipment market—including electrical, hydraulic, pneumatic, and power solutions—will reach $7.15 billion by 2020, according to Yajan Dua, research associate, Aerospace and Defense business unit at MarketsandMarkets in Dallas.
MarketandMarkets officials have released the company’s latest report: "Aviation Test Equipment Market by Segments (Electrical, Hydraulic, Pneumatic, Power), by Application (Military and Commercial) & by Geography (North America, Latin America, Asia-Pacific, Europe, the Middle East, Africa & ROW) - Forecasts & Analysis (2014–2020)."
The report provides an analysis of the current 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 report also dissects the analysis of the market for military and commercial aviation test equipment during the review period from 2014 to 2020. The report incorporates the factors that persuade a country’s expenditure on test equipment to cut or invest, as well as provides detailed expectations of growth rates and projected total expenditure.
The report includes information about competitors in the global aviation test equipment market, including an overview of the companies and their financial position, key products, SWOT, and markets.