Press release
Aircraft Health Monitoring Market Expected To Grow At A CAGR Of Over 7.7% By 2027| Rolls-Royce, Airbus, Rockwell Collins, Ultra Electronics, Boeing, Honeywell, GE, Meggitt, Lufthansa Technik
Aircraft Health Monitoring Market 2020
The Global Aircraft Nacelle systems market is expected to grow at a CAGR of over 7.7% in the forecast period 2020-2027
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The health monitoring management system has prominent function to improve the security and dependability of the aircraft, it can also shorten the maintenance cycle by a large margin, and improves the maneuver rate at the same time. The developments in domestic and international aircrafts and the key technology of the health monitoring management system of aircraft and carries the analysis and research to its implementation method.
The health monitoring management system of the aircraft is based on wireless sensor network technology, built-in-testing technology and ultra-broadband communication. Analysis of the data resources relevant to the operation and maintenance of the aircraft through the data mining techniques. A real-time aircraft health monitoring systems can perceive, classify and predict the failure in time; it can reduce the maintenance expense and optimizing the life-span of the key part of an aircraft.
Global Aircraft Health Monitoring market is expected to grow at a CAGR of XX% to reach market value of USD XXXX million by 2025.
Market Drivers:
The health monitoring system predicts the failure situations of system and sub-system of aircraft by state of the detection system, confirm its surplus life-span and utilize the multi-sensors information integration technology to diagnose the systematic failure, this will drive the global aircraft health monitoring market.
Helps to reduce the maintenance cost, and the crash rate of the weaponry, it also improve the rate of attendance of the weaponry, which will boost the global aircraft health monitoring market.
Market Restraints:
Risks Associated with Cybersecurity and Lack of Common Data Standards will hamper the growth of global aircraft health monitoring market.
Lack of management system and funding along with nullification of crash risks are the major restraints to the global aircraft health monitoring market.
Market Segmentation
By aircraft type
The aircraft health monitoring market is segmented based on aircraft type, including commercial aircraft, military aircraft and others. Military aircraft is dominating the global aircraft health monitoring market and it is expected to grow in the forecasting period. Due to the reduction of crash rate of the weapons, and huge investment from military sector for new aircrafts.
By geography:
Based on the geography, North America is dominating the global aircraft health monitoring system market and it is expected to grow in the forecast period. As the U.S. government has taken an initiative towards the development of commercial aircraft industry by partnering with the Boeing Company, and has invested around USD 447 million for aerospace R&D projects.
Asia-Pacific has also shown growth in 2017, as some regions in Asia such as Indian, government have changed its strategies to attract new players in the aviation market, for which it allowed domestic private players in aerospace manufacturing and R&D with 100% FDI.
Competitive Landscape
The introduction of new sensors for health monitoring and providing additional functionality to the health monitoring system is leading to the competition among the players for improved features in the aircraft health monitoring systems.
In August 2018, Aircraft maintenance management provider Camp Systems have introduced a new functionality aiming at enhancing the company's non-scheduled maintenance capabilities. The Camp Engine Health Monitoring "EHM/MTX Integration" service provides operators with expert analysis of their engine's health and alerts them whenever trend data indicates an inspection or other "on-condition" maintenance action is recommended.
In August 2018, Honeywell's Integrated Health Monitoring (IHM) Series Aerospace Proximity Sensors for commercial and military aircraft are available from TTI, Inc. Honeywell's IHM Series Aircraft Proximity Sensors help to increase flight hours and revenue by reducing maintenance requirements.
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Key market segments covered
BY AIRCRAFT TYPE
Commercial aircraft
Military aircraft
Others
BY FIT TYPE
Linefit
Retrofit
BY SUB-SYSTEM TYPE
Airborne Health Monitoring Sub-system, (AHMS)
Ground Health Diagnostic Sub-system, (GHMS)
Why purchase the report?
Visualize the composition of the Aircraft Health Monitoring market across each indication, in terms of by Aircraft type, by Fit type, and by sub-system type highlighting the key commercial assets and players.
Identify commercial opportunities in Aircraft Health Monitoring market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Aircraft Health Monitoring market - level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the Aircraft Health Monitoring products of all major market players
Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturer
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