Aircraft Health Monitoring System Market Size By Platform (Narrow Body Aircraft, Wide Body Aircraft, Regional Aircraft, Business Jet, Helicopter, Fighter Jet), By Fit (Line Fit, Retro Fit), By System (Hardware, Software, Services), By Operation (Real Time Operation, No Real Time Operation), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026

Published Date: Jun 2020  |  Report ID: GMI4748  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aircraft Health Monitoring System Market size exceeded USD 4 billion in 2019 and is estimated to grow at a CAGR of over 6% between 2020 and 2026. Rapid adoption of comprehensive aircraft health monitoring system in the aviation industry will drive the market growth.
 

Major developed countries with huge military troops are allocating budget toward design and development of comprehensive aircraft health monitoring system capable of managing a range of aircraft along with keeping records of their spare parts and MRO.
 

Aircraft Health Monitoring System Market

Get more details on this report - Request Free Sample PDF
 

The aircraft health monitoring system industry will experience moderate dip in 2020 due to the outbreak of COVID-19 pandemic. Global trade & travel limitation, closure of manufacturing, and research & development facilities are the major reasons limiting the market growth. The line fit segment will experience accelerated growth rate after the conclusion of COVID-19 pandemic to cater to urgent demand in the shipping industry.
 

Aircraft Health Monitoring System Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 4 Billion (2019)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 6% 2026 Value Projection: USD 6 Billion (2026)
Pages: 250 Tables, Charts & Figures: 303
Geographies covered (19): U.S., Canada, France, UK, Russia, Germany, Turkey, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, Israel, Saudi Arabia, UAE, South Africa
Segments covered: By System, By Operation, By Platform, By Fit and Region
Companies covered (15): Airbus, Boeing, United Technologies Corporation, Honeywell International, General Electric, Rockwell Collins, Meggitt, Rolls-Royce, Flyht, Curtiss-Wright, Safran, Air France Klm Engineering & Maintenance, Lufthansa Technik, Esterline, Embraer
Growth Drivers:
  • Rising air traffic across the globe
  • Increasing aircraft deliveries
  • Shift in customer trend towards outsourcing MRO activities
  • Establishment of new government regulations towards increasing airworthiness
  • Increasing green field and brown field investment in aviation sector
Pitfalls & Challenges:
  • Cyber security threats
  • Lack of real time data to perform R&D experiments

Get more details on this report - Request Free Sample PDF
 

Increasing number of HNWI to boost business jet segment growth

The aircraft health monitoring system market from business jet segment is projected to expand at 6% CAGR during 2020-2026 propelled by increasing number of High Net Worth Individuals (HNWI) and Ultra HNWI globally. These individuals often prefer business jets to reduce time of their commutation.
 

Changing trend towards aircraft maintenance by UHNWI to outsource long-term contracts for MRO will support the market demand. Instead of personally looking after upgrades and MRO activities of aircraft, business jet owners are outsourcing these activities to eliminate unexpected financial load and ensure airworthiness of their jets at any given point of time.
 

Rising backlog orders and increasing production capabilities of commercial aircraft

Europe Aircraft Health Monitoring System Market

Get more details on this report - Request Free Sample PDF
 

Europe line fit segment captured around USD 800 million revenue in 2019 and is estimated to witness 5% growth rate through 2026. Increasing efforts of major aircraft manufacturers present in the region to increase their production capacities and reduce backlog orders is fueling the industry growth.
 

Skilled labor at economical cost supporting hardware segment in Asia Pacific

APAC Aircraft Health Monitoring System Market

Get more details on this report - Request Free Sample PDF
 

The aircraft health monitoring system market from Asia Pacific hardware segment will register growth of more than 7% from 2020 to 2026. Efforts taken by global market players to establish their manufacturing MRO units within Asia Pacific will fuel the regional segment demand.
 

Supporting government norms toward FDI and skilled labor at economical cost are the major factors attracting industry players. For instance, in February 2019, major aircraft manufacturers, which include Boeing and Rolls Royce, planned to invest in Thailand, Bangkok, and Japan and gain regional benefits provided by government through Special Economic Zones (SEZ).
 

Maturing technologies in non-real time operations creating market opportunities

North America Aircraft Health Monitoring System Market

Get more details on this report - Request Free Sample PDF
 

The North America non-real time operations segment is predicted to cross USD 1 billion by 2026. The market penetration can be witnessed by efforts taken by major information technology companies to develop comprehensive aircraft health monitoring systems. Major MRO service providers, such as Lufthansa Technik and L&T, have launched their own software for operations, whereas Microsoft and Google are collaborating with aircraft manufacturers to develop an elaborative software to streamline operations.
 

Regulatory reforms in Europe to increase aircraft health monitoring system market demand

Aircraft Health Monitoring System Market Share

Get more details on this report - Request Free Sample PDF
 

Europe market size surpassed USD 1 billion in 2019 and is projected to observe over 5% CAGR through 2026. The growth can be attributed to efforts taken by the European Union to improve airworthiness of aircraft operating within confined airspace through establishment of a comprehensive data sharing network. Implementation of various regulations focusing on improving data sharing between aircraft and ground stations will drive the market growth.
 

Long-term IDIQ contracts to define future opportunities in the defense vertical

Major aircraft health monitoring system market players are Airbus, Boeing, United Technologies Corporation, Honeywell International, General Electric, Rockwell Collins, Meggitt, Rolls-Royce, Flyht, Curtiss-Wright, Safran, Air France Klm Engineering & Maintenance, Lufthansa Technik, Esterline, and Embraer.
 

Long-term Indefinite Delivery Indefinite Quantity (IDIQ) contract to upgrade the existing system is the primary market strategy practiced by various industry players within defense vertical. This strategy allows the company to secure its market share within the coming years. For instance, in July 2019, Northrop Grumman received an IDIQ contract worth USD 104 million from the U.S. navy. The company will be responsible for manufacturing, delivery, and retrofitting of mission computer systems to UH-1Y, AH-1Z, and UH-60V aircraft. The contract will conclude by 2023.
 

This market research report on aircraft health monitoring system includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2026 for the following segments:
 

Market, By Platform, 2017 - 2026 (USD Million)

  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Aircraft
  • Business Jet
  • Helicopter
  • Fighter Jet

Market, By Fit, 2017 - 2026 (USD Million)

  • Line fit
  • Retro fit

Market, By System, 2017 - 2026 (USD Million)

  • Hardware
  • Software
  • Services

Market, By Operation, 2017 - 2026 (USD Million)

  • Real time operation
  • No real time operation

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • UK
    • Germany
    • Turkey
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Israel
    • Saudi Arabia
    • UAE
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of aircraft health monitoring system was surpassed USD 4 billion in 2019.
The industry share of aircraft health monitoring system is estimated to grow at a CAGR of over 6% between 2020 and 2026.
According to the analysts at GMI, the Europe market valuation crossed USD 1 billion in 2019 and is anticipated to observe around 5% gains during the forecast timeframe.
The business jet segment is poised to witness growth of more than 6% through 2026, impelled by increasing number of High Net Worth Individuals (HNWI) and Ultra HNWI across the globe.
Major players in the market are Airbus, Boeing, United Technologies Corporation, Honeywell International, General Electric, Rockwell Collins, Meggitt, Rolls-Royce, Flyht, Curtiss-Wright, Safran, Air France Klm Engineering & Maintenance, Lufthansa Technik, Esterline, and Embraer.
The line fit segment will experience accelerated growth rate after the conclusion of COVID-19 pandemic to cater to urgent demand from the shipping industry.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Jun 2020
  • Pages: 250
  • Tables: 280
  • Charts / Figures: 23
  • Companies covered: 15
  • Countries covered: 19

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X