Aircraft Health Monitoring Systems Market research report for Aerospace and Defense Industry categorizes global market by IVHM Technology (Diagnostics, Prognostics, CBM & Adaptive Control), Aircraft Type (WBA, NBA, VLA, RTA, Rotary-Wing Aircraft), Sub-System (Aerostructures, Avionics, Aeropropulsion & Ancillary) & by Geography (North America, Europe, APAC & Row)
Dallas, TX -- (SBWIRE) -- 10/30/2014 -- The global commercial aircraft health monitoring systems market is estimated to be at $2,253.01 million in 2014 and is expected to reach $3,337.67 million by 2020, registering a CAGR of 6.77%.
This report segments the aircraft health monitoring systems(AHMS) market on the basis of technology, aircraft type, sub-systems, and regions. Further, it contains revenue forecasts and analyses technological trends that are predominant in this market. The geographical analysis contains an in-depth analysis for the Americas, Europe, APAC, the Middle East, and ROW. The analysis is subject to the countries that cover the said market. The sections and sub-segments in the report contain drivers, restraints, opportunities, challenges, and current market trends that are expected to revolutionize this market.
Browse 92 tables, 70 figures spread through 225 pages and in-depth TOC on"Commercial Aircraft Health Monitoring Systems Market by Aircraft Type (VLA, WBA, NBA, RTA, Rotary-Wing Aircraft)"
Advancements in IVHM technologies are expected to fuel the growth of this market. Key players such as Boeing, Airbus and GE Aviation are expected to implement artificial intelligence based technology that can extract relevant intelligence from the data, enabling increased fault detection and prognostics. The recent technological advancements in artificial intelligence based detection technology through a secure web service has brought one of the most significant improvements in rotorcraft safety management, halving the number of undetected faults compared to the existing systems.
Generally, an IVHM unit includes an on-board health management unit that communicates to a ground services network for storage, further analysis, and alert management by providing configurable acquisition, configurable algorithms, wireless communication links, maintenance data servers, embedded web-servers, real-time parameter displays, and data bus interfaces.
By developing a comprehensive web-based aircraft health management service that provides a high fidelity interpretation of all data, key players in this market have made it possible for operators to monitor fleet trends and detect and predict anomalies with greater confidence. An advanced data transmission software enables a quick, smart, and automatically updated 24/7 web connection between the customer base and the central data repository.
The continuous increase in air traffic has increased the demand for new aircrafts deliveries. The major challenge for aircraft manufacturers is to manufacture aircrafts at lower costs along with, ensuring safety, operational efficiency, and other environmental factors. Aircraft health monitoring systems (AHMS) help to identify actual damage events, in real-time. AHMS is mainly focused on improving aircraft operational performance, by reducing unscheduled maintenance. The information collected from AHMS helps in operational efficiency and effective decision making. This helps to improve the fleet operations.
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The reduced maintenance costs impact airlines positively thus, generating profits which is a significant advantage of using this technology as many airlines are running in losses because of high operating costs and the upcoming LCCs (Low-Cost Carriers) are forcing aircraft manufacturers to reduce maintenance costs. Manufacturers need to seize this opportunity to reap the potential benefits. The market will witness advances in the methods of monitoring such as vibration based monitoring, monitoring through fiber-optic sensors, and wave propagation methods.
The driving factors for this market are expected to be an , increasing aircraft orders, reduced unscheduled maintenance, increase in asset utilization, growth in air traffic, and cost effective maintenance. The restraints for this market are delays in certification clearance, environmental parameters, and lack of expertise.
HUMS (Health and Usage Monitoring Systems) are used extensively, in civil and military rotary wing aircrafts, mostly in the highly stressed mechanical systems such as Main and tail rotor gearboxes, and engines. In the engine monitoring, it is quite easy to achieve a quick ROI (Return on Investment) in health monitoring due to the maturity and the high cost of engine overhauls.
The aircraft health monitoring systems market presents an opportunity for the airline industry to reduce operating costs by ensuring safety for its customers. Manufacturers need to seize this opportunity to reap the potential benefits. The market is expected to witness advances, in the methods of monitoring such as vibration based monitoring, monitoring through fiber-optic sensors, and wave propagation methods.
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