Industry and News Aviation Test Equipment Market | Page 3

resources and technology expertise in this region. In addition, the increased air traffic in defense
and commercial segments supports the industry growth in this region.
Asia Pacific is expected to witness the fastest growth over the coming seven years in accordance to
the government regulations coupled with strong financial support. Also, the growing aircraft
manufacturing companies will accentuate the industry growth. The major players in this industry are
Airbus, Boeing, Rockwell Collins, GE Aviation, Honeywell International Inc., SPHEREA Test & Services
and Moong Inc. Other players are 3M, Rolls-Royce Holdings, Avionics Inc., Textron Aviation Inc. and
Teradyne Inc. Companies such as Airbus and Boeing are estimated to occupy the large segment
among other players owing to the development of superior and novel aircraft in defense as well as
commercial sector.
In July 2015, Boeing and TATA announced strategic aerospace agreement to collaborate in
aerospace and defense manufacturing and integrated system development opportunities which
includes unmanned aerial vehicles. In March 2016, Airbus introduced a new non-destructive testing
tool named as Line Tool in their popular jetliner A350 XWB. The tool is cost-effective, user-friendly
and portable.
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Market Segment:
Global Aviation Test Equipment market competition by top manufacturers, with production,
price, revenue (value) and market share for each manufacturer; the top players including
• Honeywell International
• Airbus
• Boeing
• Rockwell Collins
• Rolls Royce Holdings