Commercial Aircraft Health Monitoring System Market Recent Updates
June, 2017 – GE Aviation and AT&T Internet of Things (IoT) solutions have joint venture for on-board and off board portions of the aircraft health and trend monitoring system (AHTMS) powered on PlaneConnectHTM on the Gulfstream G500, G600, G650 and G650ER business jets.
July, 2015 – Boeing announced that Oman has contracted for a suite of services to support the airline’s 787 Dreamliner’s and to ensure ongoing efficiency and cost savings for its fleet.
In 2014, there were 23,555 commercial aircrafts in operation worldwide which will likely to reach over 35,000 aircraft, by 2020.
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Along with the growth in aircraft fleet, and the need to optimize the current maintenance methods and processes, the demand for aircraft commercial aircraft health monitoring systems has been increasing. The aerospace and defence industry value chain has evolved, moving from a traditional approach, where OEMs were involved in handling end-to-end manufacturing, to that of a design and systems integrator. With increasing aerospace activities, aerospace OEMs are moving from vertically integrated manufacturing to a tier-based system of suppliers. These partners invest in R&D activities and other processes together, sharing risks and revenues, which indicates that a larger share of manufacturing and assembly activities. After final integration, the end product is marketed and distributed by prime vendors in partnership with Tier 1 suppliers. The dramatic change in aftermarket services has had a tremendous impact on aerospace and defence companies.
Market Synopsis of Global Commercial Aircraft Health Monitoring Systems Market
The Global Commercial Aircraft Health Monitoring Systems Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are the advantages of structural health monitoring, need for aircraft real-time damage detection, growing trend towards more electric aircraft, rising demand for automation, growth in situational awareness to drive operations, reducing unscheduled maintenance & increasing asset utilization, and cost effective maintenance.
As per the MRFR analysis, challenges associated with SHM sensors to integrate into aero structure, and certification clearances are the restrains affecting the market growth.
Development of fiber optics sensor for real time data analysis and R&D spending on health monitoring systems are the emerging trends in the market.
Global Commercial Aircraft Health Monitoring Systems Market – Key Players
Some of the key players in the Global Commercial Aircraft Health Monitoring Systems Market are –
- Airbus
- Boeing
- GE Aviation
- Rockwell Collins
- United Technologies
- Accellent Technologies
- BeanAir
- Meggitt
- RSL Electronics
- Rolls-Royce Holdings
- Ultra Electronics Holdings
- others
Global Commercial Aircraft Health Monitoring Systems Market – Segmentation
The Global Commercial Aircraft Health Monitoring Systems Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by IVHM Technology : Comprises Prognostic, Diagnostic, CBM and Adaptive Control
Segmentation by Sub-System : Comprises Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System
Segmentation by Fit : Comprises Line fit and Retro fit
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Commercial Aircraft Health Monitoring Systems Market: Regional Analysis
European market is dominating the market of global commercial aircraft health monitoring systems market due to growth in number of passengers and aircraft movements. Major aviation markets such as the UK and Germany have witnessed growth in the number of passengers and aircraft movements. The market in the European market is largely driven by passenger traffic in in major airports such as Heathrow and Frankfurt, which helps in growth of global commercial aircraft health monitoring systems.
Asia Pacific region is referred to as the second-largest commercial aircraft health monitoring systems due to factors such as growth in global air passenger traffic have fuelled the demand for commercial aircraft health monitoring systems in the country.
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Scope Of Report
The market report for Global Commercial Aircraft Health Monitoring Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Target Audience
- Aircraft HMS OEMs
- Component Suppliers
- Aftermarket suppliers /MROs
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
Study Objectives of Global Commercial Aircraft Health Monitoring Systems Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Commercial Aircraft Health Monitoring Systems Market
- To provide insights about factors affecting the market growth
- To analyse the Global Commercial Aircraft Health Monitoring Systems Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by IVHM technology, sub-system, and fit.
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Commercial Aircraft Health Monitoring Systems Market
Taste the market data and market information presented through market data tables and figures spread in more than 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Commercial Aircraft Health Monitoring Systems (Commercial Aircraft Health Monitoring Systems) Market Information from 2018 to 2023″ @ https://www.marketresearchfuture.com/reports/commercial-aircraft-health-monitoring-systems-market-1494
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