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Test Equipment Market are Greatly Challenged by the Growing Demand for Advanced Avionics Systems and Calibrated Equipment
Test developers in the test equipment market are greatly challenged by the growing demand for advanced avionics systems and calibrated equipment. The developers of test equipment must polish their technologies to support new requirements for the older aircrafts even as they deploy and upgrade the new standard testers to administer the entire commercial and military fleet as well.
According to Yajan Dua, research associate, Aerospace and Defense business unit at MarketsandMarkets “The aviation test equipment market is expected to show substantial growth by 2020 with a CAGR of 0.0364%.”
The declining rate at which the government is procuring aircrafts eventually leads to retardationat the rate at which they need testers. An optimistic approach also details the avionics aircraft segment as the single gigantic area of weapons system procurement sector.
Since the economic environment is in a state of flux,it has buttressed the itch to craft more affordable test equipment solutions, which can be adapted to support multiple programs to help reduce in development and sustenance cost.
With the changing trends, avionic aspirations have outperformed legacy-testing abilities and it is pre-requisite from modern testers that they must inherit the capabilities and architecture that will swell easily to integrate with the requirements for multiple weapons systems.
The typical life cycle of aviation test equipment lasts 10-12 years with a mid-life upgrade in both, software and hardware components.
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) - Global Forecasts & Analysis 2014–2020
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