Aircraft Health Monitoring System Market by Type - Global Opportunity and Forecasts, 2017-2023 - Product Image

Aircraft Health Monitoring System Market by Type - Global Opportunity and Forecasts, 2017-2023

  • ID: 4333267
  • Report
  • Region: Global
  • 120 pages
  • Allied Analytics LLP
1 of 5

FEATURED COMPANIES

  • Airbus Group
  • Boeing Company
  • General Electric Company
  • Meggitt Plc
  • Rockwell Collins Inc.
  • Rolls-Royce Plc
  • MORE
Aircraft health monitoring system (AHMS) is a system of hardware and software that comprises sensors and other highly interconnected processing elements that determine the remote monitoring of airplane data to understand its current or future serviceability and performance. These systems are also known as aircraft condition monitoring systems (ACMS). AHMS closely relates to the maintenance, repair, and overhaul (MRO) segment in an airline industry.

Implementation of AHMS enables reduction in maintenance & operational costs and improves overall safety of an aircraft. The global aircraft health monitoring system market was valued at $926 million in 2016, and is projected to reach $1,489 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023.

The growth of the aircraft health monitoring system market is driven by increase in demand for real-time fault management, rise in need for custom alerting & analysis solutions, and high demand for performance monitoring. In addition, increase in aerospace IT spending among emerging nations and technological advancements for workflow optimization fuel the demand for advanced analytical systems, thus boosting the market growth. However, dearth of trained professionals is expected to impede this growth in the near future. In addition, increased application areas for aircraft integrated vehicle health management (IVHM) are expected to create lucrative opportunities for aircraft health monitoring system market growth.

The global aircraft health monitoring system market is segmented based on type, aircraft type, fit, and geography. The type segment is categorized into commercial and defense. Based on aircraft type, the market is divided into wide-body aircraft, narrow body aircraft, and regional jets. On the basis of fit, it is categorized into retro-fit and line-fit. Geographically, the aircraft health monitoring system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players that operate in the aircraft health monitoring system market are Honeywell International Inc., Rockwell Collins Inc., Boeing Company, Ultra Electronics Holdings PLC, RSL Electronics Ltd., United Technologies Corporation, General Electric Company, Meggitt PLC, Rolls-Royce PLC., and Airbus Group.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global aircraft health monitoring system market.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
Current and future trends adopted by the key market players are highlighted to determine overall competitiveness.
The quantitative analysis of the aircraft health monitoring system market growth from 2017 to 2023 is provided to elaborate the market potential.
Key Market Segments

By Type

Commercial
Defense

By Aircraft Type

Wide-body Aircraft
Narrow Body Aircraft
Regional Jet

By Fit

Line-fit
Retro-fit

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Arica
Key players profiled in the report

Honeywell International Inc.
Rockwell Collins Inc.
Boeing Company
Ultra Electronics Holdings PLC
RSL Electronics Ltd.
United Technologies Corporation
General Electric Company
Meggitt PLC
Rolls-Royce PLC
Airbus Group
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Airbus Group
  • Boeing Company
  • General Electric Company
  • Meggitt Plc
  • Rockwell Collins Inc.
  • Rolls-Royce Plc
  • MORE
CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Moderate-to-low bargaining power of suppliers
3.3.2. Moderate-to-low bargaining power of buyers
3.3.3. Moderate-to-high threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate-to-high competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016 (%)
3.5. MARKET DYNAMICS

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunity

CHAPTER 4 AIRCRAFT HEALTH MONITORING SYSTEM MARKET BY TYPE

4.1. OVERVIEW
4.2. COMMERCIAL

4.2.1. Key Market Trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast ($Million)

4.3. DEFENCE

4.3.1. Key Market Trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast ($Million)

CHAPTER 5 AIRCRAFT HEALTH MONITORING SYSTEM MARKET BY AIRCRAFT TYPE

5.1. OVERVIEW
5.2. WIDE-BODY AIRCRAFT

5.2.1. Key Market Trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast ($Million)

5.3. NARROW-BODY AIRCRAFT

5.3.1. Key Market Trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast ($Million)

5.4. REGIONAL JETS

5.4.1. Key Market Trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast ($Million)

CHAPTER 6 AIRCRAFT HEALTH MONITORING SYSTEM MARKET BY FIT

6.1. OVERVIEW
6.2. LINE-FIT

6.2.1. Key Market Trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast ($Million)

6.3. RETRO-FIT

6.3.1. Key Market Trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast ($Million)

CHAPTER 7 AIRCRAFT HEALTH MONITORING SYSTEM MARKET BY REGION

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast ($Million)

7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast ($Million)

7.3.3.1. UK
7.3.3.2. Germany
7.3.3.3. France
7.3.3.4. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast ($Million)

7.4.3.1. China
7.4.3.2. India
7.4.3.3. Japan
7.4.3.4. South Korea
7.4.3.5. Rest of Asia-Pacific

7.5. LATIN AMERICA, THE MIDDLE EAST, AND AFRICA (LAMEA)

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast ($Million)

7.5.3.1. Latin America
7.5.3.2. Middle East
7.5.3.3. Africa

CHAPTER 8 COMPANY PROFILES

8.1. HONEYWELL INTERNATIONAL INC.

8.1.1. Company Overview
8.1.2. Financial performance
8.1.3. Key strategies & developments

8.2. ROCKWELL COLLINS INC.

8.2.1. Company Overview
8.2.2. Financial performance
8.2.3. Key strategies & developments

8.3. BOEING COMPANY

8.3.1. Company Overview
8.3.2. Financial performance
8.3.3. Key strategies & developments

8.4. ULTRA ELECTRONICS HOLDINGS PLC

8.4.1. Company Overview
8.4.2. Financial performance
8.4.3. Key strategies & developments

8.5. RSL ELECTRONICS LTD.

8.5.1. Company Overview
8.5.2. Financial performance
8.5.3. Key strategies & developments

8.6. UNITED TECHNOLOGIES CORPORATION

8.6.1. Company Overview
8.6.2. Financial performance
8.6.3. Key strategies & developments

8.7. GENERAL ELECTRIC COMPANY

8.7.1. Company Overview
8.7.2. Financial performance
8.7.3. Key strategies & developments

8.8. MEGGITT PLC

8.8.1. Company Overview
8.8.2. Financial performance
8.8.3. Key strategies & developments

8.9. ROLLS-ROYCE PLC

8.9.1. Company Overview
8.9.2. Financial performance
8.9.3. Key strategies & developments

8.10. AIRBUS GROUP

8.10.1. Company Overview
8.10.2. Financial performance
8.10.3. Key strategies & developments
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Airbus Group
  • Boeing Company
  • General Electric Company
  • Meggitt Plc
  • Rockwell Collins Inc.
  • Rolls-Royce Plc
  • MORE
According to a new report by Allied Market Research, titled, Aircraft Health Monitoring System Market by Type, Aircraft Type, and Fit: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global aircraft health monitoring system market was valued at $926 million in 2016, and is projected to reach at $1,489 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023. Wide-body aircraft possesses maximum potential, which is expected to create lucrative opportunities for industry players.

This system closely relates to the maintenance, repair, and overhaul (MRO) segment in an airline industry. Implementation of AHMS decreases maintenance & operational costs and improves overall safety of an aircraft. The growth of the aircraft health monitoring system market is driven by rise in demand for real-time fault management, high demand for performance monitoring, and increased need for custom alerting & analysis solutions.
The current business scenario has witnessed surge in adoption of aircraft health monitoring system in the developed and the developing regions, owing to the technological innovations in product offerings, increased need to improve performance and operational efficiency, rise in demand for real-time monitoring systems, and increase in application areas among end users. Furthermore, factors such as the need to reduce costs towards maintenance operations, increase in airplane data availability, high need to reduce flight delays & air turnbacks, and growth in awareness about AHM are expected to provide numerous opportunities for aircraft health monitoring system market growth. However, lack of trained professionals is expected to restrict the market growth during the forecast period.
The commercial segment dominated the market in 2016, with around 63% revenue share of the global market. This is attributed to the improved IT infrastructure and increased cloud-related expenditures to cater to the untapped markets among the developing nations.
The narrow body aircraft segment dominated the global aircraft health monitoring system market, with around 73% share in 2016, followed by wide-body aircraft segment. Furthermore, regional jets segment is estimated to grow at the highest CAGR of 11.9%, owing to widespread adoption of advanced health monitoring systems and increased aerospace & defense spending.
Asia-Pacific was the highest revenue contributor in 2016, accounting for around 44% share. However, LAMEA is projected to grow at the highest CAGR of 9.9% during the forecast period.
The report features the competitive scenario of the aircraft health monitoring system market and provides comprehensive analyses of the significant growth strategies adopted by major players. The key players operating in the aircraft health monitoring system market include Honeywell International Inc., Rockwell Collins Inc., Boeing Company, Ultra Electronics Holdings PLC, RSL Electronics Ltd., United Technologies Corporation, General Electric Company, Meggitt PLC, Rolls-Royce PLC., and Airbus Group.

Key Findings of the Aircraft Health Monitoring System Market:
The commercial segment dominated the global aircraft health monitoring system market in 2016, while the defense segment is expected to grow at the highest CAGR from 2017 to 2023.
The narrow body aircraft segment is estimated to provide significant growth opportunities to the key market players.
The Asia-Pacific market is expected to be dominant, in terms of market size. However, LAMEA is estimated to provide significant growth rate during the forecast period.
Note: Product cover images may vary from those shown
5 of 5
  • Honeywell International Inc.
  • Rockwell Collins Inc.
  • Boeing Company
  • Ultra Electronics Holdings Plc
  • Rsl Electronics Ltd.
  • United Technologies Corporation
  • General Electric Company
  • Meggitt Plc
  • Rolls-Royce Plc
  • Airbus Group
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll