Press release
Aircraft Health Monitoring Systems Market to Reach USD 7.55 billion by 2026: Top Key Players are Rolls-Royce plc, Airbus S.A.S., Rockwell Collins, Boeing Company, Honeywell International Inc., General Electric Company, Lufthansa Technik
The increasing government regulations regarding safety, along with growing instances of aviation accidents majorly drive the market growth. The increasing volume of air traffic and rising safety concerns, especially from the defense sector, have increased the demand for real-time fault management, predictive maintenance, performance monitoring, thereby supporting the growth of Aircraft health monitoring system industry. Other factors driving the market growth include growing adoption of connected aircraft solutions, growing need of automation and reduction in operation costs, technological advancements, and increasing adoption of IOT. New emerging markets, upgradation and replacement of old aircraft with new generation aircrafts, and significant investments in research and development would provide numerous growth opportunities in the aircraft health monitoring system industry during the forecast period.
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The global aircraft health monitoring system market size is anticipated to reach USD 7.55 billion by 2026, according to a new research. In 2017, the hardware segment dominated the global aircraft health monitoring system (AHMS) industry, in terms of revenue. North America accounted for the majority share in the global market in 2017.
The aircraft health monitoring system is a collection of various tools and techniques which work together to monitor the lifecycle of the aircraft parts. This technology is also able to predict when a particular part or process might fail. Over-heating of engines, high vibrations, low oil pressure, hard landings are some examples of situations that require investigation and attendance. The technology enables proactive maintenance of the aircraft along with its engine and other intricate parts.
The well-known companies profiled in the aircraft health monitoring systems report include Rolls-Royce plc, Airbus S.A.S., Rockwell Collins, Ultra Electronics Holdings PLC, Boeing Company, Honeywell International Inc., General Electric Company, RSL Electronics Ltd., Meggitt PLC, and Lufthansa Technik. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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North America is expected to dominate the global Aircraft health monitoring system market during the forecast period. This is due to rising number of commercial aircrafts and increasing air traffic in the region. Increasing safety concerns, and growing demand for safe travel experience boosts the aircraft health monitoring system industry growth in the region. Presence of global players in this region taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of advanced aircraft health monitoring solutions support the market growth in this region. The government regulations regarding aircraft safety, increasing adoption of connected aircraft solutions, and upgradation of old aircrafts further supports aircraft health monitoring solutions market growth.
This Report has segmented the global Aircraft Health Monitoring System market on the basis of source, functionality, application, distribution channel and region:
Aircraft Health Monitoring Systems Component Outlook (Revenue, USD Billion, 2015 - 2026)
• Hardware
• Software
• Services
Aircraft Health Monitoring Systems Aircraft Type Outlook (Revenue, USD Billion, 2015 -2026)
• Wide-Body Aircraft
• Narrow-Body Aircraft
• Regional Jets
Aircraft Health Monitoring Systems Fit Outlook (Revenue, USD Billion, 2015 - 2026)
• Linefit
• Retrofit
Aircraft Health Monitoring Systems Technology Outlook (Revenue, USD Billion, 2015 - 2026)
• Detection
• Diagnostics
• Prognostics
• Adaptive Control
• Others
Aircraft Health Monitoring Systems End User Outlook (Revenue, USD Billion, 2015 - 2026)
• Commercial
• Defense
Table of Content:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Aircraft Health Monitoring systems Market Insights
3.1. Aircraft Health Monitoring systems ? Industry snapshot
3.2. Aircraft Health Monitoring systems - Ecosystem analysis
3.3. Aircraft Health Monitoring systems Market Dynamics
3.3.1. Aircraft Health Monitoring systems ? Market Forces
3.3.1.1. Aircraft Health Monitoring systems Market Driver Analysis
3.3.1.2. Aircraft Health Monitoring systems Market Restraint/Challenges analysis
3.3.1.3. Aircraft Health Monitoring systems Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Aircraft Health Monitoring systems Market PEST Analysis
3.6. Aircraft Health Monitoring Systems Market Value Chain Analysis
3.7. Aircraft Health Monitoring Systems Industry Trends
3.8. Competitive Ranking Analysis
For more information on this report at: https://www.marketstudyreport.com/reports/aircraft-health-monitoring-systems-market-share-size-trends-industry-analysis-report-by-aircraft-type-wide-body-aircraft-narrow-body-aircraft-regional-jets-by-technology-detection-diagnostics-prognostics-adaptive-control-by-fit-by-component-by-end-user-by-region-segment-forecast-2018-2026/?utm_source=Openpr.com-SP
Related Report:
Global Commercial Aircraft Health Monitoring Systems Market Size, Status and Forecast 2025
This report studies the global Commercial Aircraft Health Monitoring Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Commercial Aircraft Health Monitoring Systems market by companies, region, type and end-use industry.
https://www.marketstudyreport.com/reports/global-commercial-aircraft-health-monitoring-systems-market-size-status-and-forecast-2025?utm_source=RR-SP
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