Commercial Aircraft Health Monitoring Systems Market 2018 to 2023 Global Key Players: Airbus Group, Boeing Company , United Technologies Corp, Honeywell International and General Electric Company

Commercial Aircraft Health Monitoring Systems Market - Overview:

The Global Commercial Aircraft Health Monitoring Systems Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of commercial aircraft health monitoring systems will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Aircraft health monitoring systems collect data in real time from the aircraft fleet and make it available to ground operations. Various sensors are installed at various damage hotspot locations throughout the aircraft structure/engine, which provide 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. However, the reliability and durability of damage detection techniques/ sensors acts as a barrier for the growth of global commercial aircraft health monitoring systems market. The aircraft operators incurred the highest operational cost for aircraft maintenance. The main challenges faced by growing number of aircraft operators are needed for improved damage detection and frequent inspection.

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Major Key Players

Airbus, Boeing, GE Aviation, Rockwell Collins, United Technologies, Accellent Technologies, BeanAir, Meggitt, RSL Electronics, Rolls-Royce Holdings, and Ultra Electronics Holdings and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Commercial Aircraft Health Monitoring Systems Market.

The commercial aircraft health monitoring systems Market dependent on the growth in passenger traffic at airport. Thus, the increasing or decreasing demand of the passenger traffic directly has an impact on the market. Moreover, aircraft health monitoring systems provide major advantages over the conventional damage detection techniques (e.g. NDT), such as integrated health monitoring capabilities through sensors mounted to the aircraft. Commercial aircraft health monitoring systems eventually enables condition-based maintenance rather than time-based maintenance. It also eliminates the need for disassembly of aircraft components for damage evaluation, as required for most conventional damage inspection technology. This is the primary factor that drives the growth of the commercial aircraft health monitoring systems market and has gained prevalence in the recent times, with technological developments and growing initiatives from industry bodies such as SHM-AISC and FAA. Thus, the growth of the commercial aircraft health monitoring systems market is expected to go hand in hand with the growth of passenger traffic.

Industry/ Innovation/ Related News:

June, 2017 – GE Aviation and AT&T Internet of Things (IoT) solutions have joint venture for on-board and off board portions of the aircraft health and trend monitoring system (AHTMS) powered on PlaneConnectHTM on the Gulfstream G500, G600, G650 and G650ER business jets.
July, 2015 – Boeing announced that Oman has contracted for a suite of services to support the airline’s 787 Dreamliner’s and to ensure ongoing efficiency and cost savings for its fleet.

Global Commercial Aircraft Health Monitoring Systems Market – Segmentation

The Global Commercial Aircraft Health Monitoring Systems Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by IVHM Technology : Comprises Prognostic, Diagnostic, CBM and Adaptive Control
Segmentation by Sub-System : Comprises Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System
Segmentation by Fit : Comprises Line fit and Retro fit
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Commercial Aircraft Health Monitoring Systems Market: Regional Analysis

European market is dominating the market of global commercial aircraft health monitoring systems market due to growth in number of passengers and aircraft movements. Major aviation markets such as the UK and Germany have witnessed growth in the number of passengers and aircraft movements. The market in the European market is largely driven by passenger traffic in in major airports such as Heathrow and Frankfurt, which helps in growth of global commercial aircraft health monitoring systems.

Asia Pacific region is referred to as the second-largest commercial aircraft health monitoring systems due to factors such as growth in global air passenger traffic have fuelled the demand for commercial aircraft health monitoring systems in the country.

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Target Audience
• Aircraft HMS OEMs
• Component Suppliers
• Aftermarket suppliers /MROs
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

The market report for Global Commercial Aircraft Health Monitoring Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

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