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Aircraft Health Monitoring System Market Trends

Report ID: GMI4748
Published Date: Sep 2023
Report Format: PDF

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Aircraft Health Monitoring System Market Trends

Rapid advancements in sensor technology, data analytics, and connectivity solutions are major factors driving market growth. Miniaturized and highly accurate sensors are now more accessible, allowing the installation of AHMS components on a broader range of aircraft including smaller regional planes. Moreover, the integration of Artificial Intelligence (AI) and Machine Learning (ML) algorithms enhances the predictive capabilities of the aircraft health monitoring system, enabling it to detect anomalies and performance deviations more accurately. As the technology continues to evolve, the aircraft health monitoring system becomes more cost-effective, reliable & accessible, further boosting its adoption across the aviation industry.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Aircraft health monitoring system (AHMS) market size was USD 5.3 billion in 2022 and is anticipated witness over 6.5% CAGR between 2023 and 2032 driven by the strong emphasis on aviation safety and operational efficiency

Aircraft health monitoring system market size from the narrow-body aircraft platform segment is expected to witness over 5% CAGR from 2023-2032 due to wide adoption by airlines for short- to medium-haul routes

North America AHMS industry will gain traction through 2032 due to the rapid expansion of commercial aviation, driven by the rising middle-class population in the region

Some of the key aircraft health monitoring system companies are Airbus, Rockwell Collins, General Electric, Honeywell International, Boeing, United Technologies Corporation, and Meggitt