Aircraft Health Monitoring Market – Latest Innovations Drivers Dynamics And Strategic Analysis Challenges By 2025

The Global Aircraft Health Monitoring Market is estimated to reach USD 4.3 Billion by 2025 at a CAGR of 7.5%, oberves forencis research (FSR).

Aircraft Health Monitoring is a system based on wireless technology that foresees the failure signs of an aircraft which further prevents any type of mishap by sending signals to the maintenance team. This system uses real-time data collected from numerous sensors mounted on an aircraft which increases the overall safety and security of the aircraft. The main objective of the system is to recognize faults in the system and pinpoint the fault source. The aircraft health monitoring system improves the functionality of the aircraft and also reduces the maintenance cycle by a huge margin.

Aircraft Health Monitoring Market: Drivers & Challenges

Market Drivers:

Increasing Aviation Fatalities

The fatalities due to the air crash are experiencing a sharp rise. As per the aviation safety network, airline accidents had jumped 900%, over the years. The crucial aspect to be considered is loss-of-control related accidents. In loss-of-control, the aircraft deviates from the designated flight path towards a non-recoverable path, caused by a mechanical failure of any subsystem in the aircraft, human actions or environmental disturbances. The aircraft health monitoring system helps in reducing mechanical failures of the system by foreseeing them and preventing any fatalities. The airline manufacturers are striving to incorporate such monitoring systems to restrain any type of airline accidents.

Thus, increasing aviation fatalities may contribute to the growth of the aircraft health monitoring market, during the forecasted period.

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Reducing Fuel Consumption and Carbon Dioxide Emission

Globally, emission of carbon dioxide, carbon monoxide, and other such poisonous gases is a major environmental issue. Airline manufacturers are endeavoring for fuel-efficient aircrafts to support environmental initiatives in reducing the carbon footprint. The aircraft health monitoring system observes the performance of the aircraft, collects fuel usage information and calculates resultant carbon dioxide emission. The summary of this data gives airline operator’s total emission caused by every flight, which helps manufacturers to enhance the environmental performance of an aircraft.

Thus, reducing fuel consumption and carbon dioxide emission is expected to drive the overall growth of the aircraft health monitoring market, during the forecast period.

Market Challenges:

High Maintenance Cost

The aircraft health monitoring system is a complex system comprising of numerous sensors, and other hardware components connected with the software platform communicating with the on-ground system. The robustness and reliability of all the installed components becomes crucial. The component network needs to be fail-safe and if any component of the system breaks it may hinder the performance monitoring of the aircraft components. Maintenance of all these components during the lifecycle of the aircraft adds to the additional cost.

Thus, high maintenance costs can be challenging for the growth of the aircraft health monitoring market, during the forecast period.

Aircraft Health Monitoring Market: Key Segments

Segmentation based on component covers: Hardware, Software, and
Segmentation based on installation covers: On-Board System, and Ground System.
Segmentation based on operation covers: Real-Time and Post Flight.
Segmentation based on aircraft type covers: Commercial, Helicopter, Business Jet and
Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Aircraft Health Monitoring Market: Report Scope

The report on the aircraft health monitoring market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Aircraft Health Monitoring Market include:

Airbus SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Boeing Co
Meggitt PLC
Honeywell International Inc.
Safran S.A.
United Technologies Corporation
General Electric Company
Rolls-Royce
FLYHT
Embraer S.A.
Other Key Companies

Aircraft Health Monitoring Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Aircraft Health Monitoring Market, by Component

Hardware
Software
Service

Aircraft Health Monitoring Market, by Installation

On-Board System
Ground System

Aircraft Health Monitoring Market, by Operation

Real-Time
Post Flight

Aircraft Health Monitoring Market, by Aircraft Type

Commercial
Helicopter
Business Jet
Military

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Aircraft Health Monitoring Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the global market and its growth?
What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of the global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

INTRODUCTION
RESEARCH DESIGN & SCOPE
EXECUTIVE SUMMARY
MARKET DYNAMICS
INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
GLOBAL AIRCRAFT HEALTH MONITORING MARKET BY COMPONENT, Market Size in USD Million (2018—2025)
GLOBAL AIRCRAFT HEALTH MONITORING MARKET BY INSTALLATION, Market Size in USD Million (2018—2025)
GLOBAL AIRCRAFT HEALTH MONITORING MARKET BY OPERATION, Market Size in USD Million (2018—2025)
GLOBAL AIRCRAFT HEALTH MONITORING MARKET BY AIRCRAFT TYPE, Market Size in USD Million (2018—2025)
GLOBAL AIRCRAFT HEALTH MONITORING MARKET BY REGION, Market Size in USD Million (2018—2025)
COMPETITIVE LANDSCAPE
COMPANY PROFILES
APPENDIX

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