Flight Data Monitoring Market Size, Share, Growth Factors, Trends, and Forecast 2024-2030

MMR has recently released a report titled "Flight Data Monitoring Market (FDM): Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030." The study provides a detailed analysis, including the global Flight Data Monitoring Market share, size, growth, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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Flight Data Monitoring Market was valued at USD 1.39 Bn in 2023 and is expected to grow at 8.26% CAGR from 2024-2030, reaching USD 2.42 Bn by 2030.

Drivers of the Flight Data Monitoring Market

Enhanced Safety Measures and Regulatory Compliance

FDM programs are implemented by national authorities and regulatory organizations like the International Civil Aviation Organization (ICAO) to proactively detect and eliminate safety issues. Research by Boeing's Commercial Aviation Safety Team shows that the global commercial jet accident rate has decreased by 95% as a result of the implementation of proactive safety initiatives, such as FDM.

Cost-Effective Maintenance and Operational Optimization

FDM systems provide predictive analytics that anticipate probable equipment breakdowns, they help to implement cost-effective maintenance methods. By taking a proactive stance, airlines may optimize resource allocation and minimize operational interruptions by basing repair operations on real data-driven insights rather than fixed schedules. FDM solutions reduce unscheduled downtime and maintenance expenses by enabling the early identification of possible faults through the analysis of data from aircraft systems.

Flight Data Monitoring Market Segmentation

By Component: The FDM Service segment dominates the FDM market. Monitoring and analysis of flight data from outside sources are included in FDM Services. FDM Software segment is anticipated to increase at a CAGR of 13% to reach a value of $5.6 billion by 2030. FDM Software includes applications that provide data processing, analytics, and visualization capabilities. FDM System is expected to hold the largest market share and is expected to grow at a CAGR of 12.5% from 2024 to 2030.

By Solution Type: On-Board FDM segment represented almost 60% of the global market share. These devices gather, log, and occasionally provide flight data in real time or after landing. On the Ground, the FDM segment accounted for around 40% of the FDM total market overall. On-Ground FDM Solutions refers to systems that gather and examine flight data following an aircraft's landing.

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Flight Data Monitoring Market Regional Analysis

North America: North America dominates the FDM market. The North American FDM market was valued at $1.31 billion, with a CAGR of 6.9% from 2024 to 2030. Key players such as Teledyne Controls LLC provide goods to significant OEMs like Airbus and Boeing and work closely with aircraft makers. FLYHT Aerospace Solutions Ltd. focuses on communication and real-time flight data monitoring technologies to dominate the North American FDM market.

Asia-Pacific: The FDM market in Asia-Pacific was estimated to be worth $708.20 million. Regulatory bodies in APAC, such as the Civil Aviation Administration of China (CAAC) and the Directorate General of Civil Aviation (DGCA) in India, are implementing more stringent safety regulations. Countries like India, China, and Japan boost the FDM market in APAC.

Flight Data Monitoring Market Competitive Landscape

Curtiss-Wright Corporation: In April 2024, Curtiss-Wright acquired WSC, Inc. for $34 million to increase the range of commercial nuclear technologies offered by Curtiss-Wright.

FLYHT Aerospace Solutions Ltd.: In December 2024, Firan Technology Group (FTG) paid around CAD 13.2 million to purchase all of FLYHT's outstanding shares.

Recent Developments:

Companies like Flight Data Systems Pty. Ltd. have produced FDAIUs, which enable operators to retrofit current Flight Data Recorders (FDRs) with sophisticated recording systems.
Airlines like IndiGo are working with tech companies like Thales Group to create wearable gear that tracks pilot tiredness to improve safety.

Conclusion

Governments and aviation authorities globally are adopting the installation of sophisticated flight data monitoring systems, particularly in the aftermath of high-profile incidents.
Airlines, particularly in Asia-Pacific and the Middle East, are adopting FDM technology more often to raise operational efficiency and safety requirements.

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