Global Aircraft Health Monitoring Market 2018-2023 with Airbus, Boeing, United Technologies, Honeywell International and General Electric Dominating the $5+ Billion Industry
DUBLIN, Sept. 24, 2018 /PRNewswire/ --
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 Aircraft Health Monitoring (AHM) market is projected to grow at a CAGR of 7.77% from 2018 to 2023"
Based on installation, the AHM market has been segmented into onboard and on ground. The onboard segment in AHM market is projected to grow at a higher CAGR during the forecast period as compared to the on ground segment. The growth of the onboard segment can be attributed to the increasing installation of various health monitoring systems in aircraft such as sensors, flight data management systems, and communication systems.
Based on solution, the AHM market has been segmented into hardware, software, and services. The hardware segment estimated to lead the market in terms of market size and is expected to continue its dominance over the next five years. Increased adoption of sensors, avionics systems and connected aircraft solution in an aircraft is expected to drive the hardware segment
Based on aircraft type, the AHM market has been segmented into commercial, business jets, military, and rotary wing. The commercial segment in the AHM market is projected to grow at the highest CAGR during the forecast period due to the growth of the tourism industry and rise in aircraft deliveries.
Based on fit, the AHM market has been segmented into linefit and retrofit. The retrofit segment in the AHM market is projected to grow at a higher CAGR during the forecast period as compared to the retrofit segment. This growth can be attributed to increase in retrofit by airlines in their current fleet of aircraft.
Based on operation time, the AHM market has been segmented into real-time and non-real-time. The real-time operation is projected to grow at a higher CAGR during the forecast period as compared to the non-real-time segment. The growth can be attributed to the increasing demand for e-enabled connected aircraft.
The growth rate of the markets in Asia Pacific is expected to grow at the highest rate during the forecast period. The increase in aircraft deliveries will lead to the rise in the demand for aircraft health monitoring systems in this region. Also, the increased military spending in countries such as India and China is expected to drive the market in this region.
Aircraft Health Monitoring System Market
Regulatory clearance and lack of common data standards and risks associated with cybersecurity are factors restraining the growth of the AHM market.
The AHM market is a competitive market dominated by companies such as the Airbus (Netherlands), Boeing (US), United Technologies Corporation (US), Honeywell International, Inc. (US), and General Electric (US) among others.
Other prominent players include Rolls Royce (UK), Rockwell Collins (US), Safran (France), FLYHT (Canada), Curtiss-Wright (US), Esterline (US), Meggitt (UK), and SITA (Switzerland) among others.
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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