Press release
Global Aircraft Health Monitoring Systems Market is Expected to Reach UDS 4.92 Billion by 2022, Registering a CAGR 6.96% During 2017-2022
This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aircraft Health Monitoring Systems market.The Pratt & Whitney focus on the four main areas of service development of engines. Firstly, the predictive data analytics that provides MRO analytics and fleet data to the customers and supports them to improve the reliability of the aircraft fleets. This function is prominently supported by P&W’s e-FAST Aircraft Health Monitoring System, further is accessible on all Bombardier C Series aircraft and for some aircraft types powered by Pratt & Whitney Canada turbine engines. In 2016, the global aircraft health monitoring system market accounted for USD 3.52 billion and is Expected to Reach UDS 4.92 Billion by 2022, Registering a CAGR 6.96% During 2017-2022 (the forecast period).
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Major Drivers for the Aircraft Health Monitoring System Market include:
• Growth in situational responsiveness to drive operation
• Cost effective maintenance
• Rising demand for aircraft real-time detections
Market Insights
Tech Mahindra, based in India, is working on an Aircraft Ground Support System, for one of its aircraft series, so as to serve real-time and post-flight data management, diagnostic reporting, and false notifications. The company is providing solutions for aircraft health monitoring system (AHMS), based on technologies such as cutting-edge cloud computing, internet of things (IoT) & big data technologies, which perform deep analytics related to the aircraft health status. The use of these technologies is expected to reduce hours to maintain & analyze flight data by 10%. Moreover, it enhances the aircraft dispatch reliability rate by 25-30%. Integrations with the e-Log book, reliability, flight scheduling, procurement, technical publications, and flight operations are expected to enhance the potential of AHMS, making up to date aircraft data available, thus, enabling powerful business decision making.
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Geographical Analysis
The Middle East & Africa and Europe are holding around more than 38% of the market share. These regions have been the largest market for aircraft health monitoring systems because of the growing passenger traffic. The United Kingdom and Germany have been recorded as the major aviation markets and witnessed tremendous growth, in terms of the number of passengers and aircraft movements, which are further expected to fuel the market, during 2017-2022 (the forecast period). Moreover, with an increase in the demand for air travel from emerging regions, such as South America, and Asia, the aviation market dynamics have shifted from developed markets, such as North America and Europe, to the emerging markets.
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Our Aircraft Health Monitoring Systems Market Report Covers:
• Market trends & dynamics
• Latest News & developments
• Geographical insights
• Porter’s five force analysis
• Market segmentation
• Company profiles
Table of Content
1. INTRODUCTION
1.1 Study Deliverables
1.2 General Study Assumptions
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Forecast Model
3. KEY FINDINGS OF THE STUDY
4. EXECUTIVE SUMMARY
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Framework
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Consumers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitute Products & Services
5.3.5 Competitive Rivalry within the Industry
6. MARKET DYNAMICS
6.1 Drivers
6.2 Restraints
6.3 Opportunities
7. Aircraft Health Monitoring Systems Market, By Type
7.1 Commerical
7.1.1 Narrow Body Aircraft
7.1.2 Wide Body Aircraft
7.1.3 Business Jets
7.1.4 Rotary Wings
7.2 Defense
8. Aircraft Health Monitoring Systems Market, By Fit
8.1 Retro Fit
8.2 Line Fit
9. Aircraft Health Monitoring Systems Market, By Sub-System
9.1 Aero-Propulsion
9.2 Avionics
9.3 Ancillary Systems
9.4 Aircraft Structures
10. Aircraft Health Monitoring Systems Market, By IVHM System
10.1 Diagnostics
10.2 Prognostics
10.3 Condition-Based Maintenance & Adaptive Control
11. Aircraft Health Monitoring Systems Market, By Geography
11.1 North America
11.1.1 United States
11.1.2 Canada
11.1.3 Mexico
11.1.4 Others
11.2 Europe
11.2.1 Spain
11.2.2 United Kingdom
11.2.3 France
11.2.4 Germany
11.2.5 Russia
11.2.6 Others
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 Australia
11.3.5 Others
11.4 South America
11.4.1 Chile
11.4.2 Brazil
11.4.3 Argentina
11.4.4 Others
11.4.5 Middle East & Africa
11.4.6 South Africa
11.4.7 Egypt
11.4.8 UAE
11.4.9 Others
12. COMPETITIVE LANDSCAPE
12.1 Introduction
12.2 Market Share Analysis
13. COMPANY PROFILE
13.1 Airbus
13.2 Boeing
13.3 GE Aviation
13.4 Rockwell Collins
13.5 United Technologies Corporation
13.6 Ultra Electronics Holdings PLC
13.7 Meggitt PLC
13.8 Rolls-Royce PLC
13.9 RSL Electronics Ltd.
14. DISCLAIMER
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