Global Commercial Aircraft Health Monitoring Systems Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Airbus (France), Boeing (US), Bombardier (Canada), Embraer (Brazil), Gulfstream (US), are some of the prominent aircraft OEMs while Acellent Technologies, Inc. (US), BeanAir (Germany), Curtiss-Wright Corporation (US), FLYHT Aerospace Solutions Ltd. (Canada), General Electric Company (US), Honeywell International Inc. (US), Meggitt PLC (UK), Rolls-Royce plc (UK), RSL Electronics Ltd. (Israel), Safran S.A. (France), and United Technologies Corporation (US) are some of the prominent solution providers profiled in MRFR Analysis and are at the forefront of competition in the global commercial aircraft health monitoring systems market.
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Aircraft health monitoring systems collect data in real time from the aircraft fleet and makes it available to ground operations. Various sensors are installed at various damage hotspot locations throughout the aircraft structure/engine, which provide early detection of anomaly (or initiation of crack/fatigue). Thus, necessary preventive measures can be implemented on-time, which reduces the chances of critical damage and major system failure. However, the reliability and durability of damage detection techniques/ sensors acts as a barrier for the growth of global commercial aircraft health monitoring systems market. The aircraft operators sometime incur high operational cost for aircraft maintenance.
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. 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.
- Aircraft Health Monitoring Solution Providers
- Aircraft OEMs
- Hardware Manufacturers
- Research Institutions
- Regulatory Bodies
Market Segmentation and Geographic Overview
The market is segmented by IVHM technology, sub-system, aircraft type, fit, and region. Based on IVHM technology, the commercial aircraft health monitoring systems market is divided into prognostic, diagnostic, condition-based maintenance & adaptive control. In 2017, the prognostic systems segment accounted for the largest market share as it can be used to identify faults or even predict them before they happen. Based on aircraft type, the commercial aircraft health monitoring systems market is divided into fixed-wing and rotary-wing aircraft. In 2017, the fixed wing segment accounted for the largest market share owing to the increase in production and procurement of narrow and wide body aircraft in order to cater to the rise in number of air travelers globally. Based on fit, the commercial aircraft health monitoring systems market is divided into line-fit and retrofit. Line-fit segment covers the commercial aircraft health monitoring systems system procured by the aircraft manufacturers. These OEMs are predominantly present in Europe and North America, thereby, resulting in higher market size in these regions. Based on sub-system, the commercial aircraft health monitoring systems market is divided into aero-propulsion, aircraft structure, avionics and ancillary systems. In 2017, the aero-propulsion segment accounted for the largest market share as it comprises various equipment such as engines which forms the base of aircraft operation and ensuring effective monitoring for such critical equipment is vital.
North America is the leading region for the global commercial aircraft health monitoring systems market. Several major aircraft manufacturers (such as Boeing, Bombardier) and health monitoring systems system providers (such as UTC, Honeywell) are present in the region, gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.
Scope of Report
The report on the global commercial aircraft health monitoring systems market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4 Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat of New Entrants
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of Substitutes
4.1.4. Segment Rivalry
4.1.5. Bargaining Power of Supplies
4.2. Value Chain/supply Chain Analysis
5 Market Dynamics
5.2. Market Drivers
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Trends
5.6. Patent Trends
List of Tables
Table 1 Global Commercial Aircraft Health Monitoring Systems Market, by Region, 2018–2023
Table 2 North America: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 3 Europe: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 4 Asia-pacific: Commercial Aircraft Health Monitoring Systems Market, by Country, 2018–2023
Table 5 Rest of the World: Commercial Aircraft Health Monitoring Systems Market, by Region, 2018–2023
Table 6 Global Commercial Aircraft Health Monitoring Systems Sub-system Market, by Region, 2018–2023
Table 7 North America: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
Table 8 Europe: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
Table 9 Asia-pacific: Commercial Aircraft Health Monitoring Systems Sub-system Market, by Country, 2018–2023
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