$5.43 Billion Aircraft Health Monitoring Market - Global Forecast to 2023

Dublin, Sept. 24, 2018 (GLOBE NEWSWIRE) -- The "Aircraft Health Monitoring Market by Aircraft Type (Commercial, Business, Rotary, Military), Operation Time (Real-Time, Non-Real-Time), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), Solution, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The AHM market is estimated to be USD 3.74 billion in 2018 and is projected to reach USD 5.43 billion by 2023, at a CAGR of 7.77% from 2018 to 2023.

Increasing demand for smart connected aircraft from commercial and military operators to lower maintenance cost is expected to drive the growth of the AHM market during the forecast period. However, regulatory clearance and lack of common data standards and risks associated with cybersecurity restrain for the growth of this market.

"The commercial segment is projected to grow at the highest CAGR in the AHM market"

The commercial segment in AHM market is anticipated to grow at the highest CAGR during the forecast period. This growth can be attributed to the increase in air travel, the rise in disposable income of the middle-class population, and international trade and tourism. Commercial aviation companies invest in technologically-advanced aircraft to facilitate effective use of them. Moreover, they are constantly seeking ways to reduce and minimize operational costs, including unscheduled aircraft maintenance to improve the efficiency of aircraft.

"The linefit segment is estimated to account for a larger share in the AHM market in 2018"

The linefit segment in the AHM market is anticipated to account for a larger share in 2018, as compared to the retrofit segment. The larger market share can be attributed to the increasing demand for installation of health monitoring systems in new aircraft.

"The services segment is projected to grow at the highest CAGR in the AHM market"

The services segment in AHM market is anticipated to grow at the highest CAGR during the forecast period. The high growth can be attributed to the rise in demand for connected aircraft by airlines as well as increasing demand for flight data monitoring services.

"North American region is estimated to account for the largest share of the AHM market in 2018"

North America is estimated to lead the AHM market in 2018. Countries in this region include the US and Canada. The growth in this region can be attributed to the rise in connected aircraft and flight data monitoring services.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Aircraft Health Monitoring Market
4.2 Aircraft Health Monitoring Hardware Market, By Type
4.3 Aircraft Health Monitoring Services Market, By Type
4.4 Commercial Aircraft Health Monitoring Market, By Type
4.5 Aircraft Health Monitoring Solution Market, By Type
4.6 North America Aircraft Health Monitoring Market, By Fit & Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Availability of Real-Time Information for Better Decision-Making
5.2.1.2 Rise in the Number of Aviation Accidents
5.2.1.3 Increase in Adoption of Connected Aircraft Solutions
5.2.2 Restraints
5.2.2.1 Regulatory Clearance
5.2.2.2 Lack of Common Data Standards and Risks Associated With Cybersecurity
5.2.3 Opportunities
5.2.3.1 Increasing Upgradation and Replacement of Old Aircraft With New Generation Aircraft
5.2.3.2 Use of Wireless Sensors in AHMs
5.2.4 Challenges
5.2.4.1 Compliance With Stringent Aviation Regulations
5.2.4.2 Challenges in Obtaining High-Quality and Accurate Information From Aircraft Systems
5.2.4.3 Data Bus Limitations

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Internet of Things (IoT)-Enabled Sensors to Measure In-Flight Torque Data
6.2.2 Flight Messenger
6.2.3 Role of Big Data Analytics in AHM
6.3 Patent Analysis
6.4 Trend Analysis

7 Aircraft Health Monitoring Market, By Aircraft Type
7.1 Introduction
7.2 Commercial
7.2.1 Regional
7.2.2 Narrow Body
7.2.3 Small Wide Body
7.2.4 Medium Wide Body
7.2.5 Very Large Body
7.3 Business Jets
7.4 Rotary Wing
7.5 Military

8 Aircraft Health Monitoring Market, By Fit
8.1 Introduction
8.2 Linefit
8.3 Retrofit

9 Aircraft Health Monitoring Market, By Installation
9.1 Introduction
9.2 Onboard
9.3 On Ground

10 Aircraft Health Monitoring Market, By Operation Time
10.1 Introduction
10.2 Real-Time
10.3 Non-Real-Time

11 Aircraft Health Monitoring Market, By Solution
11.1 Introduction
11.2 Hardware
11.2.1 Sensors
11.2.1.1 Engines & Auxiliary Power Units
11.2.1.2 Aerostructures
11.2.1.3 Ancillary Systems
11.2.2 Avionics
11.2.3 Flight Data Management Systems
11.2.4 Connected Aircraft Solutions
11.2.5 Ground Servers
11.3 Software
11.3.1 Onboard Software
11.3.2 Diagnostic Flight Data Analysis
11.3.3 Prognostic Flight Data Analysis
11.4 Services
11.4.1 Flight Health Data Transmission
11.4.2 Flight Data Monitoring (FDM)

12 Regional Analysis

13 Competitive Landscape
13.1 Overview
13.2 Rank Analysis of Top Companies Providing Aircraft Health Monitoring Market, 2017
13.3 Competitive Situation & Trends
13.3.1 Contracts
13.3.2 Agreements
13.3.3 New Product & Services Launches
13.3.4 Collaborations
13.3.5 Acquisitions
13.3.6 Partnerships

14 Company Profiles
14.1 Introduction
14.2 Airbus
14.3 Boeing
14.4 United Technologies Corporation
14.5 Honeywell International
14.6 General Electric
14.7 Rockwell Collins
14.8 Meggitt
14.9 Rolls-Royce
14.10 Flyht
14.11 Curtiss-Wright
14.12 Safran
14.13 Air France Klm Engineering & Maintenance
14.14 Lufthansa Technik
14.15 Esterline
14.16 Embraer
14.17 Innovators
14.17.1 Teledyne Technologies
14.17.2 Sita
14.17.3 Iridium
14.17.4 Inmarsat
14.17.5 Gogo
14.17.6 Panasonic
14.17.7 Sky Trac
14.17.8 Flight Data Services
14.17.9 Cobham
14.17.10 L3 Technologies

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                    Related Topics: Avionics