Global Aircraft Health Monitoring Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Aircraft health monitoring system (AHMS) includes a comprehensive range of practices, solutions, tools and techniques interconnected closely to a system of hardware and software, which executes remote monitoring of airplane data to understand its current or future performance and serviceability. This system makes use of immense amount of airplane data to deliverenhanced analytical output while optimizing safety for varied aircraft. Implementation of AHMS reduces maintenance & operational costs and advances overall safety of an aircraft.
Some of the major factors driving aircraft health monitoring market areraisingdemand for real-time fault management, high demand for performance monitoring, and increased need for custom alerting & analysis solutions. However, insufficiency of trained professionals is expected to restrain the AHMS market growth during the forecast period. Furthermore, increased application areas for aircraft integrated vehicle health management (IVHM) are expected to create worthwhile opportunities for aircraft health monitoring system market expansion.
Aircraft Health Monitoring Market is segmented on the basis of installation, solution, aircraft type, fit, operation type and geography. Based on installation, the aircraft health monitoring market has been segmented into onboard and on ground. On the basis of solution, the AHM market has been segmented into hardware, software, and services. Based on the aircraft type, the AHM market has been segmented into commercial, business jets, military, and rotary wing. Based on fit, market has been segmented into linefit and retrofit. Depending on the operation time, the AHM market has been segmented into real-time and non-real-time.
Aircraft Health Monitoring Market by geography 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.
Major companies operating in the aircraft health monitoring market are 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.
The key takeaways from the report
Scope of Aircraft Heath Monitoring Market
Operation Time Segments
Aircraft Type Segments