Commercial Aircraft Health Monitoring Systems Market Globally Grow at a CAGR of 7.19% by Revenue During the Forecast Period 2017-2021

ALBANY, NY, May 11, 2017 : Aircraft health monitoring systems (AHMS) collect data in real time from the aircraft fleet and make it available to ground operations. Various sensors are installed at various damage hotspots throughout aircraft structure/engine, which provide an early detection of anomaly (or initiation of crack/fatigue). Thus, necessary preventive measures can be implemented on-time, which reduces the chances of critical damage and major system failure. The abovementioned advantages of AHMS result in the installation of these systems by airline operators in their aircraft. Keeping this in consideration, aircraft manufacturers are currently focusing on integrating these systems in new aircraft, and maintenance, repair, and overhaul (MRO) providers are upgrading the systems in the old fleet.

Technavios analysts forecast the global commercial aircraft health monitoring systems market to grow at a CAGR of 7.19% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global commercial aircraft health monitoring systems market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Commercial Aircraft Health Monitoring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Airbus
Boeing
GE Aviation
Rockwell Collins
UTC

Other prominent vendors
Lufthansa Technik
Tech Mahindra

Market driver
Growing usage of fiber optic sensors.
For a full, detailed list, view our report

Market challenge
Difficulties in embedding sensors in aircraft.
For a full, detailed list, view our report

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Market trend
Implementation of real-time monitoring in aircraft.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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