Flight Data Monitoring Market Is Projected To Surge To USD 2.9 Billion With A 9.2% CAGR Growth, As It Monitors The Wave Of Data.

Market Insights-

According to MRFR analysis, the flight data monitoring market is expected to register a CAGR of~9.2% from 2022 to 2030 and hold a value of over USD 2.9 billion by 2030.

Flight Data Monitoring refers to the process of collecting and analyzing data from aircraft systems to improve safety and operational efficiency. The Flight Data Monitoring market includes the technology, software, and services that enable airlines and aircraft operators to gather, analyze, and act upon data from their fleet of aircraft. FDM systems typically use advanced data analytics techniques to identify trends and anomalies in aircraft performance and provide insights that can help airlines reduce costs, improve safety, and optimize their operations. The Flight Data Monitoring market has grown in importance in recent years, as airlines and operators seek to improve safety and reduce costs, and regulatory authorities increasingly require operators to implement FDM programs.

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The COVID-19 pandemic had a significant impact on flight data monitoring market. The aviation industry has been severely impacted by the pandemic, with a significant reduction in air traffic and a corresponding decrease in demand for FDM solutions.

The decrease in air traffic has resulted in reduced data collection, as fewer flights mean less data to analyze. The pandemic has also led to a decrease in the deployment of new FDM solutions, as airlines and operators have been forced to cut costs and prioritize essential operations.

Regional Analysis-

North America and Europe are currently the largest regions for the FDM market, owing to the significant presence of established airlines and aircraft operators in these regions.

North America and Europe have well-established regulatory frameworks and guidelines that mandate the implementation of FDM programs in the aviation industry. Additionally, the high adoption rate of advanced technologies in these regions has also contributed to the growth of the FDM market.

Asia-Pacific is expected to be the fastest-growing region in the FDM market due to the increasing demand for air travel and the expansion of the aviation industry in the region.

Market Segmentation-

The flight data monitoring market has been segmented into solution and end-user.

Based on the solution, the market has been segmented into on board and on ground.

Based on the end-user, the market has been segmented into fleet operators, drone operators, FDM service providers and investigation agencies.

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Key Companies in the Flight Data Monitoring market include -

L3Harris Technology Inc
FLYHT Aerospace Solutions Ltd.
Safran SA
Curtiss-Wright Corporation
Teledyne Technologies Incorporated

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Flight Data Monitoring Industry Developments -

April 2020
Airbus, a significant player in the market, is reported to have a backlog of up to 7,645 aircraft. This is offered with over 80% of the current orders for an A320 Family aircraft, one of the market offerings. Together with A220s, A350XWBs make up about 14% of the backlog of orders. The need for the widely used commercial aircraft flight data monitoring systems is expected to increase in the next years due to the scheduled aircraft deliveries of new aircraft programs including the Boeing 777X, COMAC C919, and MC-21.

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