Global Aircraft Health Monitoring Market is Estimated to Reach $5.8 Billion by 2025, Says Accurize Market Research
Global Aircraft Health Monitoring Market report published by Accurize Market Research forecast that the global market is expected to reach $5.8 billion by 2025; growing at a CAGR of 7.8% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for real-time fault management, high demand for performance monitoring, and increased need for custom alerting & analysis solutions to drive the growth of the market
Risingdemand for real-time fault management, high demand for performance monitoring, and increased need for custom alerting & analysis solutions fuels the demand for the global aircraft health monitoring market. Furthermore, increased application areas for aircraft integrated vehicle health management also boost the growth of the market.
Market Segmentation
The global aircraft health monitoring market has been bifurcated on the basis of installation, solution, aircraft type, fit, operation type and geography. Based on installation, the aircraft health monitoring market is segmented into onboard and on ground. On the basis of solution, the AHM market has been segmented as hardware, software, and services. Based on the aircraft type, the market has been segmented into commercial, business jets, military, and rotary wing. Based on fit, market has been segmented into line-fit and retrofit. Depending on the operation time, the AHM market has been segmented into real-time and non-real-time.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
Top players in the market
The key market players include Airbus, Boeing, United Technologies Corporation, Honeywell International, General Electric, Rockwell Collins, Meggitt, Rolls-Royce, Flyht, Curtiss-Wright, Safran, Air France Klm Engineering & Maintenance and Lufthansa Technik, among others.
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