Wednesday 8 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Aviation Test Equipment Market: Airbus Group, Boeing Corp., GE Corp., Honeywell International Inc. and Rolls-Royce Holdings plc.
Other Prominent Vendors in the market are: 3M, Moog, Rockwell Collins and Teradyne.
Commenting on the report, an analyst from the report's team said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.