Global Aircraft Health Monitoring System Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global aircraft health monitoring system market in its upcoming report titled, “Global Aircraft Health Monitoring System Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global aircraft health monitoring system market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aircraft health monitoring system market report has been segmented on the basis of type, aircraft type, fit, and region.

The goal of monitoring system is early detection of system failures based on present and historic values of signals from built-in sensors and detectors.

Increasing preference of air travel among individual in developed and developing countries and rising demand for AHMS from commercial airplane sector in order to increase fleet operations, avoid unscheduled maintenance, and eliminate unnecessary failure of aircraft are major factors driving growth of the global aircraft health monitoring system market. In addition, deployment of advanced aircraft health monitoring systems by defense sector for real time fault diagnosis and complex event processing are other factors expected to support growth of the global aircraft health monitoring systems market. Moreover, increasing trade activities in developing countries via air deployment of aircraft health monitoring systems will help to improve in aircraft dispatch reliability rate and reduce person/hours to maintain and analyze flight data are other factors expected to support growth of the global aircraft health monitoring systems market to certain extent.

However, lack of trained professional and limitation to funding are major factors expected to restrain growth of the global aircraft health monitoring system market for next few years.

Technological advancements and increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue to players operating in the global aircraft health monitoring system market over the forecast period.

Europe market is expected to hold major revenue share in the global aircraft health monitoring system market as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing air travel and presence of prominent players operating in countries in this region. According to European Commission Report number of air passengers carried worldwide grew by 6.3% to a record 3.7 billion in 2016. North America market accounts for significant revenue share in the global aircraft health monitoring systems market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing disposable income among individuals and increasing trade related activities in countries such as India and China in emerging economies in this region.

Global Aircraft Health Monitoring Systems Market Segmentation:

By Type:

• Commercial
• Defense

By IVHM System:

• Diagnostics
• Prognostics
• Condition-Based Maintenance & Adaptive Control

By Fit:

• Line-fit
• Retro-fit

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Honeywell International Inc.
• Rockwell Collins Inc.
• Boeing Company
• Ultra Electronics Holdings PLC
• RSL Electronics Ltd.
• United Technologies Corporation
• General Electric Company
• Meggitt PLC
• Rolls-Royce PLC
• Airbus Group