Commercial Aircraft Health Monitoring Systems Market Research Report 2018 published By Market Research Future, provides information on Global Commercial Aircraft Health Monitoring Systems Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By IVHM Technology (Prognostic, Diagnostic, CBM & Adaptive Control), Sub-System (Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System), Fit (Line fit and Retro fit), and by Region- Forecast To 2021

Pune, India -- (SBWire) -- 11/02/2018 --Global Commercial Aircraft Health Monitoring Systems Market – Overview

The global commercial aircraft health monitoring systems market is growing at a rapid pace. According to a recent study report published by the Market Research Future, the global market of commercial aircraft health monitoring systems will grow at a rapid pace over the forecast period. The market is forecasted to witness a steady growth by 2023, growing at a moderate CAGR during the projected period (2018 - 2023).

Commercial aircraft health monitoring systems are composed of various sensors, detectors and computerized controllers, which closely interact with each other. These systems are important for timely maintenance and flight safety. The systems have various sub units which are important for the prevention of costly component damages. Such systems can reduce or eliminate the need for manual/visual inspections, improve safety and efficiency, and extend the life of the commercial aircraft.

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The increasing demand for commercial aircraft and increasing passenger traffic results in the large demand for the commercial aircraft health monitoring systems. Of late, an increase in number of commercial aircraft and growth in air travel and tourism industry has translated into an increasing demand for the commercial aircraft health monitoring systems. Also, cost effective maintenance and reducing unscheduled maintenance & increasing asset utilization are the growth factors that drive commercial aircraft health monitoring systems market. Concurrently, factors such as increase in demand for real-time fault management, technology upgradation, minimization of operation costs and high demand for performance monitoring are expected to drive the market during forecast period. However, lack of management and risks associated with cybersecurity will act as major restraints for the market growth.

The health monitoring systems collect data in real time from the aircraft fleet and make it available to the ground operators as well as the pilots. Various sensors are installed at various damage hotspot locations throughout the aircrafts' structure/engine, which provides 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.

These health monitoring systems have several advantages over the conventional damage detection techniques (e.g., NDT), such as integrated health monitoring capabilities through sensors mounted to the aircraft. These health monitoring systems eventually enable condition-based maintenance rather than time-based maintenance. It also eliminates the need for disassembly of the aircraft components for damage evaluation, as required for most conventional damage inspection technology. This is the primary factor that drives the growth of the aircraft avionics market and has gained prevalence in the recent times, with technological developments and growing initiatives from industry bodies such as the Federal Aviation Administration (FAA).

Increasing expenditure on aerospace IOT services and technological advancements for workflow optimization further drives the growth of the market. Furthermore, it is expected that R&D spending on health monitoring systems and development of fiber optics sensor for real time data analysis, will offer new investment opportunities for the manufacturers and new players in the global market, during the forecast period.

Key Players

Airbus, Boeing, GE Aviation, Rockwell Collins, United Technologies, Accellent Technologies, BeanAir, Meggitt, RSL Electronics, Rolls-Royce Holdings, Ultra Electronics Holdings and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global commercial aircraft health monitoring systems market.

Industry/ Innovation/ Related News:

April, 2018 – GE Aviation and AT&T Internet of Things (IoT) solutions had an agreement for connecting the onboard and offboard portions of the Aircraft Health and Trend Monitoring System (AHTMS) powered Plane Connect HTM on the Gulfstream G500, G600, G650 and G650ER business jets.

July, 2018 – UTC Aerospace Systems signed an agreement with Emirates to provide the airline with high-quality, affordable solutions in aircraft data management and electronic flight bag technology.

November, 2017 – Meggitt PLC signed an agreement with ATR, to to extend its 60+ years monitoring the health of large turbo-fan engines into other aircraft equipment, using lightweight, modular electronic processing units and sensors.

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Global Commercial Aircraft Health Monitoring Systems Market – Segmentation

The global commercial aircraft health monitoring systems market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by IVHM Technology : Comprises Prognostic, Diagnostic, CBM & Adaptive Control
Segmentation by Sub-System : Comprises Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System
Segmentation by Fit : Comprises Line fit and Retro fit
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific and Rest of the World.

Global Commercial Aircraft Health Monitoring Systems Market: Regional Analysis

Europe dominates the market of commercial aircraft health monitoring systems market due to the growing passenger traffic and aircraft operations. The market in the UK and Germany is largely driven by growing number of passenger, number of aircraft, and aircraft movements.

North America is referred to as the second-largest commercial aircraft health monitoring systems market due to factors such as growing demand for safe aircraft, increasing number of commercial aircraft in nations such as US, Canada and Mexico, have fuelled the demand for commercial aircraft health monitoring systems market.

Scope of Report

The market report for Global Commercial Aircraft Health Monitoring Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Target Audience

- Aircraft HMS OEMs
- Component Suppliers
- Aftermarket suppliers /MROs
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

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