Global Commercial Aircraft Health Monitoring Systems Market Driven by Need for Aircraft Real-Time Damage Detection
According to the reports by Market Research Future, the global commercial aircraft health monitoring systems market is slated to grow at a CAGR of around 6% and record a substantial market valuation during the forecast period of 2016-2023.
The key market players of the global commercial aircraft health monitoring systems market identified by MRFR include Boeing (US), Airbus (France), Bombardier (Canada), Gulfstream (US), Embraer (Brazil), are some of the major aircraft OEMs while BeanAir (Germany), Acellent Technologies, Inc. (US), Curtiss-Wright Corporation (US), General Electric Company (US), FLYHT Aerospace Solutions Ltd. (Canada), Honeywell International Inc. (US), Rolls-Royce plc (UK), Meggitt PLC (UK), RSL Electronics Ltd. (Israel), United Technologies Corporation (US), and Safran S.A. (France).
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Drivers and Restraints
The major factors driving the growth of the market are the benefits of structural health monitoring, the necessity for aircraft real-time damage detection, the rising trend towards the adoption of electric aircraft, growing demand for automation, increase in situational awareness to impel operations, reducing unprepared maintenance & rising asset utilization, and cost-efficient maintenance. Development of fiber optics sensor for real-time data analysis and growing expenditure on research and development activities on health monitoring systems are the promising trends in the market.
on the other hand, the durability and reliability of damage detection techniques and sensors may act as a barrier to the growth of the global market for global commercial aircraft health monitoring systems. Moreover, aircraft operators sometimes acquire a high operational aircraft maintenance cost, which may also hinder the market growth over the review period.
Intended Audience
- Aircraft Health Monitoring Solution Providers
- Aircraft OEMs
- Airlines
- Hardware Manufacturers
- Research Institutions
- Regulatory Bodies
Segmental Analysis
The global market for commercial aircraft health monitoring systems is segmented by IVHM technology, aircraft type, fit, sub-system, and region.
Based on the IVHM technology, the Commercial Aircraft Health Monitoring Systems Market is segmented into diagnostic, prognostic, condition-based maintenance & adaptive control. among these, the prognostic systems segment accounts for the largest market share since it can be utilized to detect faults and defects or even predict them before they take place. Based on the aircraft type, the commercial aircraft health monitoring systems market is bifurcated into rotary-wing and fixed-wing aircraft. Among these, the fixed-wing segment accounts for a notable market share owing to the rise in manufacture and procurement of wide and narrow-body aircraft to cater to the increase in a number of air travelers across the globe. Based on the fit, the commercial aircraft health monitoring systems market is divided into line-fit and retrofit. Among these, the line-fit segment is poised to dominate the commercial aircraft health monitoring systems market share over the forecast period. These OEMs are primarily present in the leading regions of North America and Europe, thus resulting in higher market size in these regions. Based on the sub-system, the commercial aircraft health monitoring systems market is segmented into aircraft structure, avionics, aero-propulsion, and ancillary systems. Among these, the aero-propulsion segment accounts for a significant market share since it consists of equipment such as engines, which form the base of aircraft operation and guarantee effective monitoring for such vital equipment is necessary.
Regional Analysis
On the basis of region, the global commercial aircraft health monitoring systems market has been segmented into Europe, North America, the Asia Pacific, and the rest of the world.
The North American market for commercial aircraft health monitoring systems is the largest regional market across the globe and is slated to acquire a significant market share over the review period. This is attributed to factors such as the increasing passenger traffic and aircraft operations in the region, especially in developed countries such as Canada and the U.S.
Europe is also one of the notable regions in the global commercial aircraft health monitoring systems market and is expected to follow closely behind North America in terms of market share over the review period. The growth of the region is due to the increasing demand for safe aircraft, and the rising number of commercial aircrafts in major economies such as the U.K., France, and Germany.
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List of Tables
Table 1 Global Commercial Aircraft Health Monitoring Systems Market, by Region, 2018–2023
Table 2 North America: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 3 Europe: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 4 Asia-pacific: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 5 Rest of the World: Commercial Aircraft Health Monitoring Systems Market, by Region, 2018–2023
Table 6 Global Commercial Aircraft Health Monitoring Systems Sub-system Market, by Region, 2018–2023
Table 7 North America: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
Table 8 Europe: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
Table 9 Asia-pacific: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
Table 10 Rest of the World: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Region, 2018–2023
Continued………
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Commercial Aircraft Health Monitoring Systems Market Share, by Sub-system, 2017 (%)
Figure 9 Global Commercial Aircraft Health Monitoring Systems Market, by Sub-system, 2018–2023 (Usd Million)
Figure 10 Global Commercial Aircraft Health Monitoring Systems Market Share, by Aircraft, 2017 (%)
Continued…….
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