Global Aircraft Health Monitoring Systems Market Is Growing with a CAGR of 7.5 % from 2015 to 2022
The Global Aircraft Health Monitoring Systems market is accounted for $2.35 billion in 2015 and is expected to reach $3.90 billion by 2022 growing at a CAGR of 7.5% during the forecast period. Growing aircraft orders, price effective maintenance, decreased unscheduled maintenance and increase in air traffic are the key factors driving the market growth. However, lack of expertise, certification clearance and product lifecycle are restraining the market growth. The major challenge for aircraft manufacturers is to manufacture aircrafts at...
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