Global Flight Data Monitoring Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. A Flight Data Monitoring Program, also referred to as Flight Operations Quality Assurance (FOQA), assists an operator to identify, quantify, assess and address operational risks which allow safety managers to identify and investigate the circumstances behind events flagged. This can be effectively used to support various types of airworthiness and operational safety tasks. FDM is the proactive use of recorded flight data from routine operations to improve aviation safety and maintenance operations.
Some of the major factors driving flight data monitoring market are raising demand 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 FDM market growth during the forecast period. Furthermore, rising usage of aircraft in commercial applications and advancements in technologies provide lucrative opportunities for the market.
Solution type, component, end-user, and geography are the segments of the global flight data monitoring market. The solution type segment is sub-segmented into on board and on ground. By component, the segmentation is given as FDM service, FDM system, and FDM software. Furthermore, fleet operators, drone operators, FDM service providers, investigation agencies are included into end-user segment.
On the basis of geography, global flight data monitoring market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S. and Canada whereas Europe segment consists of UK, Germany, France, Russia, Ireland, Spain, Netherlands, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, Australia, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Major companies operating in the global flight data monitoring market are Teledyne Controls, Flightdatapeople, Scaled Analytics, Guardian Mobility, Curtiss-Wright, Flyht, Flight Data Services, Skytrac, Safran Electronics & Defense and Flight Data Systems among others.
The key takeaways from the report
Scope of the Global Flight Data Monitoring Market
Solution Type Segments
End User Segments