Aircraft Health Monitoring System Market By Type (Commercial Aviation, Military Aviation), By Solution (Hardware, Software, Services), By End User (Oems, Mro, Airlines), By Aircraft Type (Fixed Wing Aircraft, Helicopter): Global Opportunity Analysis and Industry Forecast, 2020-2030
Aircraft health monitoring system (AHMS) is a group of activities, which includes data collection and analysis techniques used to ensure availability, reliability, and safety of aircraft. Activities similar to or sometimes used interchangeably with AHMS include, health usage and monitoring system (HUMS), operational data recording (ODR), and conditional-based maintenance (CBM). AHMS offers several benefits to the airlines such as improved safety, improved effectiveness of overall operations, reduction in maintenance costs, reduction in aircraft on ground (AOG) time, and reduction in fuel consumption.
Moreover, aircraft health monitoring systems include decision support systems, such as real-time fault management, performance measurement, and customer alerting & analysis, which help the aviation industry analyze the performance of different components of aircraft in real-time, predict the occurrence of the fault before it affects the aircraft and reduces aviation maintenance costs without compromising on the performance.
Increase in demand for real-time problem management and custom alerting & analysis solutions, and increase in demand for performance monitoring drive the growth of the aircraft health monitoring system market. Furthermore, rise in aerospace IT investment in emerging economies, as well as technical improvements for workflow optimization, increase the demand for advanced analytical systems, thus driving market growth. However, lack of qualified specialists is projected to hamper the market expansion. On the contrary, increase in application areas for aircraft integrated vehicle health management (IVHM) is likely to open up attractive opportunities for the aircraft health monitoring system market.
The aircraft health monitoring system market is segmented on the basis of type, solution, end user, aircraft type and region. By type, the market is categorized into commercial aviation and military aviation. On the basis of solution, the market is divided into hardware, software, and services. On the basis of end user, the market is divided into OEMs, MRO, and airlines. On the basis of aircraft type, it is categorized into fixed wing aircraft and helicopter. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in this report include, Airbus, Honeywell International Inc., FLYHT Aerospace Solutions Ltd., General Electric, Meggitt PLC, Rolls-Royce PLC, RSL Electronics Ltd, Raytheon Technologies Corporation, Teledyne Controls LLC., and The Boeing Company.
The drivers, restraints, and opportunities present in the market are explained in the report, in addition to the analysis of their impact. The report includes the study of the aircraft health monitoring system market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
KEY BENEFITS FOR STAKEHOLDERS
This study presents analytical depiction of the aircraft health monitoring system market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall aircraft health monitoring system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities of the aircraft health monitoring system market with a detailed impact analysis.
The current aircraft health monitoring system market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
Key Market Segments
By Type
Commercial Aviation
Military Aviation
By Solution
Hardware
Software
Services
By End User
Oems
Mro
Airlines
By Aircraft Type
Fixed Wing Aircraft
Helicopter
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Airbus
Flyht Aerospace Solutions Ltd.
General Electric
Honeywell International Inc.
Meggitt PLC
Raytheon Technologies Corporation
Rolls-Royce PLC
RSL Electronics Ltd
Teledyne Controls LLC
The Boeing Company
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