Press release
Aircraft Health Monitoring System Market Set to Reach $7.35 Billion by 2029 with 8% Yearly Growth
Aircraft Health Monitoring System Market Size
The surge in aircraft mishaps is predicted to fuel the advancement of the aircraft health monitoring system market. Aircraft mishaps refer to any situation involving an aircraft that results in damage or injury to the aircraft, individuals, properties, or objects. Aircraft health monitoring systems (AHMS) promptly detect faults and inconsistencies in crucial systems, which allows for timely preventive maintenance and helps to prevent in-flight failures prone to cause accidents. For example, the International Air Transport Association (IATA), a Canada-based inter-airline cooperation association, reported approximately 39 airplane accidents in 2022, an increase from 29 in 2021, and an average of 43 accidents from 2018 to 2022 in March 2023. Consequently, the growing rate of aircraft mishaps is fostering the aircraft health monitoring systems market growth.
Get Your Aircraft Health Monitoring System Market Report Here:
https://www.thebusinessresearchcompany.com/report/aircraft-health-monitoring-system-global-market-report
How will the growth rate of the aircraft health monitoring system market shape industry trends by 2034?
The market size of the aircraft health monitoring system has seen a significant increase in the past few years. The expected figures are to rise from $5.01 billion in 2024 to $5.43 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.4%. Factors contributing to the growth experienced during the historic period include safety and maintenance regulations, cost reduction pressures, the age of the aircraft fleets, attention towards preventive maintenance and the operational efficiency of airlines.
The market for aircraft health monitoring systems is projected to experience robust growth in the upcoming years, eventually reaching $7.35 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. This growth in the forecast period can be credited to increasing air traffic, fleet expansion, integration with fleet management systems, an increased focus on aircraft connectivity, the development of predictive analytics, and regulatory and standardization support. Notable trends in this forecast period include advancements in sensor technologies, combining with flight operations data, the creation of portable and wearable AHMS devices, growth in unmanned aerial vehicles (UAVs) and urban air mobility (UAM), as well as international cooperation for AHMS standardization.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12437&type=smp
What trends are poised to drive the future success of the aircraft health monitoring system market?
The unfolding trend of technological progression is shaping the landscape of the aircraft health monitoring system market, affirmed by leading market participants releasing cutting-edge products. To illustrate, Pratt & Whitney, an American aerospace producer, debuted an AI-driven aircraft engine analysis solution called Percept in June 2023. This system uses the Awiros Video Intelligence Operating System (OS) for its computer vision functionality. It boasts a cloud-based interface that lets users capture images and videos of airplane engines using handheld devices, simultaneously delivering prompt parts availability responses. This provision expedites the turnover of leased engine assets economically and effectively. Rather than having an inspector verify each engine's particulars, an automated review trims down the needed time by an estimated 90%.
Which primary segments of the aircraft health monitoring system market are driving growth and industry transformations?
The aircraft health monitoring system market covered in this report is segmented -
1) By System: Engine Health Monitoring, Structural Health Monitoring, Component Health Monitoring
2) By Subsystem: Aero-propulsion, Avionics, Ancillary Systems, Aircraft Structures
3) By Installation: On Board, On Ground
4) By Technology: Prognostics System, Diagnostics System, Detection System, Adaptive Control, Other Technologies
5) By End User: Commercial, Military
Subsegments:
1) By Engine Health Monitoring: Real-Time Monitoring Systems, Data Acquisition Systems, Engine Performance Analysis Tools
2) By Structural Health Monitoring: Sensor-Based Monitoring Systems, Fatigue Monitoring Systems, Damage Detection Systems
3) By Component Health Monitoring: Avionics Health Monitoring Systems, Landing Gear Monitoring Systems, Fuel System Monitoring System
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12437
Which geographical regions are pioneering growth in the aircraft health monitoring system market?
Asia-Pacific was the largest region in the aircraft monitoring system market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft health monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the aircraft health monitoring system market landscape?
Major companies operating in the aircraft health monitoring system market include General Electric Company, Raytheon Technologies Corporation, The Boeing Company, Airbus SE, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Safran Group, Rolls-Royce Holdings PLC, Textron Aviation Inc., Amphenol Corporation, Bombardier Inc., Lufthansa Technik AG, AMETEK Inc., Collins Aerospace (United Technologies Corporation), Teledyne Technologies Inc., Embraer S.A., Air France Industries KLM Engineering & Maintenance Group, Curtiss-Wright Corporation, Zodiac Aerospace, Meggitt PLC, SITA N.V., Ultra Electronics Holdings PLC, eInfochips, Intelsat S.A., GE Engine Services LLC, FLYHT Aerospace Solutions Ltd, Avionica Inc., RSL Electronics Ltd, Acellent Technologies Inc., Ventura Aerospace Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12437&type=smp
What Is Covered In The Aircraft Health Monitoring System Global Market Report?
• Market Size Forecast: Examine the aircraft health monitoring system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft health monitoring system market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft health monitoring system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft health monitoring system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft health monitoring system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft health monitoring system market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft health monitoring system market.
• Competitive Landscape: Review strategic developments in the aircraft health monitoring system market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aircraft Health Monitoring System Market Set to Reach $7.35 Billion by 2029 with 8% Yearly Growth here
News-ID: 3895674 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Monitoring
Bed Monitoring & Baby Monitoring Systems Market Report 2024 - Market Growth And …
"The Business Research Company recently released a comprehensive report on the Global Bed Monitoring System & Baby Monitoring System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting?…
Veterinary Patient Monitoring Equipment Market Report 2024| By Product Cardiac M …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Veterinary Patient Monitoring Equipment Global Market Report 2023 identifies diseases as the major driver for the Veterinary Patient Monitoring Equipment market's growth in the forecast period. An increase in the prevalence rate of diseases among animals serves as one of the major drivers…
Patient Monitoring Device Market by Product Type (Blood Glucose Monitoring, Hemo …
Patient Monitoring Device Market size was valued at US$ 33.57 Bn in 2021 and the total revenue is expected to grow at 8.6 % through 2023 to 2032, reaching nearly US$ 64.96 Bn in the forecast period.
Patient Monitoring Device Market Overview
A type of monitoring machine with a wireless future is a patient monitoring device or system. With the use of a digital device that enables wireless data transfer between…
Hiring Network Monitoring Service Vs Network Monitoring Tools
An organization might have a stable business or is on the growth path, it is absolutely normal to have a dilemma over choosing in between hiring a network monitoring service or install a few tools for network monitoring. While your business is picking up speed with improving cyber and network technology, there is no way you can ignore the strength of network monitoring service or tools for a smooth functioning…
Hiring Network Monitoring Service Vs Network Monitoring Tools
An organization might have a stable business or is on the growth path, it is absolutely normal to have a dilemma over choosing in between hiring a network monitoring service or install a few tools for network monitoring. While your business is picking up speed with improving cyber and network technology, there is no way you can ignore the strength of network monitoring service or tools for a smooth functioning…
Home Security Monitoring Market Report 2018: Segmentation by Type (Carbon Monoxi …
Global Home Security Monitoring market research report provides company profile for Guardian Alarm, Rosslare Security, McAfee (Intel Security), LifeShield Home Security, SimpliSafe, Blue Ridge, ADT, Protect America, Schneider Electric, Honeywell and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
