Global Commercial Aircraft Health Monitoring Systems (VLA, WBA, NBA, RTA, Rotary-Wing Aircraft) Market - Forecasts & Analysis (2014-2020)

News provided by

Oct 24, 2014, 11:23 ET

DUBLIN, Oct. 24, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Commercial Aircraft Health Monitoring Systems Market by Aircraft Type, IVHM Technology , Sub-System & by Geography - Global Forecasts & Analysis (2014-2020)" report to their offering.

The global commercial aircraft health monitoring systems market is estimated to be at $2,253.01 million in 2014 and is expected to reach $3,337.67million by 2020, registering a CAGR of 6.77%.

This report segments the aircraft health monitoring systems(AHMS) market on the basis of technology, aircraft type, sub-systems, and regions. Further, it contains revenue forecasts and analyses technological trends that are predominant in this market. The geographical analysis contains an in-depth analysis for the Americas, Europe, APAC, the Middle East, and ROW. The analysis is subject to the countries that cover the said market. The sections and sub-segments in the report contain drivers, restraints, opportunities, challenges, and current market trends that are expected to revolutionize this market.

There is a bullish trend towards the IVHM technology adopted by the market leaders in this market. Single-aisle aircraft segment is expected to witness a rapid growth during the forecast period. To support airplane fuel efficiency, initiatives to optimize flight planning, aircraft health monitoring systems analyze the performance data, which includes fuel efficiency, emission levels and other performance factors. Real-time fault diagnosis is enabled using manual and automatic uplinks to the airplane. North America is expected to witness a slight decline in the market share, during the forecast period, due to low aircraft deliveries compared to other regions. China, India, Brazil, the UAE, and Saudi Arabia are identified as the key countries for demand analysis in this market.

The engineering design models deployed are expected to be crucial to this market, as the efficiency of the AHMS system, would be determined by them. Increase in aircraft deliveries, asset utilization, and focus on enhancing safety for the customers, are identified as the major drivers in this market. Delays in certification clearances, lack of expertize, long product lifecycles, and environmental parameters are the major restraints in this market. Installation of sensors, standardization, data bus limitations, and keeping the system responsive are the major challenges the market needs to address, during the forecast period.

The aircraft health monitoring systems market has become quite competitive with the presence of key players such as Boeing, Airbus, Rolls Royce, United Technologies (Pratt & Whitney), Honeywell International, and Meggitt. Emerging players in this market such as Ultra Electronics Holdings, RSL Electronics, and Accellent technologies have consolidated their product offerings in this market. A competitive landscape with respect to the aforementioned players and their market share has also been provided in the report.

The AHMS will undoubtedly be beneficial, from an economic perspective. From a cost perspective, several external factors can also influence aircraft costs in the future. Fuel price is the most direct form of exogenous factors that is expected to impact the aircraft cost. Health monitoring systems are expected to play a crucial role in increasing the efficiency of the aircraft.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Aircraft Health Monitoring System Market, By Aircraft Type

8 Aircraft Health Monitoring System Market, By Sub-System

9 Commercial AHMS Market, By Ivhm Technology

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

Companies Mentioned: