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Aircraft Health Monitoring: Global Strategic Business Report

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    Report

  • 242 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805159

Global Aircraft Health Monitoring Market to Reach $9.7 Billion by 2030

The global market for Aircraft Health Monitoring estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$9.7 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 9.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 12.3% CAGR

The Aircraft Health Monitoring market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Select Competitors (Total 33 Featured) -

  • Air France Industries KLM Engineering & Maintenance
  • Airbus Americas, Inc.
  • Boeing Company, The
  • Cobham PLC
  • Curtiss-Wright Corporation
  • Embraer SA
  • Esterline Technologies Corporation
  • Flight Data Services Ltd.
  • FLYHT Aerospace Solutions Ltd.
  • General Electric Company
  • Gogo LLC
  • Honeywell International, Inc.
  • Inmarsat PLC
  • Iridium Communications, Inc.
  • L3 Technologies, Inc.
  • Lufthansa Technik AG
  • Meggitt PLC
  • Panasonic Avionics Corporation
  • Safran
  • SITA
  • SKYTRAC Systems Ltd.
  • Teledyne Technologies, Inc.
  • United Technologies Corporation (UTC)

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Aircraft Health Monitoring

What is the estimated value of the Global Market for Aircraft Health Monitoring?

The Global Market for Aircraft Health Monitoring was estimated to be valued at $3.8 Billion in 2020.

What is the growth rate of the Global Market for Aircraft Health Monitoring?

The growth rate of the Global Market for Aircraft Health Monitoring is 9.6%, with an estimated value of $7.2 Billion by 2027.

What is the forecasted size of the Global Market for Aircraft Health Monitoring?

The Global Market for Aircraft Health Monitoring is estimated to be worth $7.2 Billion by 2027.

Who are the key companies in the Global Market for Aircraft Health Monitoring?

Key companies in the Global Market for Aircraft Health Monitoring include Air France Industries KLM Engineering & Maintenance, Airbus Americas, Inc., Boeing Company, The, Cobham PLC, Curtiss, Wright Corporation, Embraer SA, Esterline Technologies Corporation, Flight Data Services Ltd. and FLYHT Aerospace Solutions Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Health Monitoring (AHM): An Introductory Prelude
  • Bright Prospects Ahead for AHM Market
  • Prevailing Scenario in the World Aerospace Industry Enhances Prospects for AHM Solutions
  • Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand
  • Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
  • Progressive Momentum in Business Jet Segment Amplifies Opportunities
  • Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
  • Surging Orders for Sophisticated Fighter Aircraft and UAVs
  • Aircraft Health Monitoring - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Critical Importance of Flight Data Monitoring in Proactive Hazard Identification: Primary Market Driver for AHM Solutions
  • Rising Emphasis on Engine Condition Monitoring (ECM) Creates Ample Room for Wider Uptake of AHM
  • Advanced Software Solutions Simplify ECM Process
  • Digital Twinning Seeks Role in ECM
  • Technology Improvements & Product Innovations Spearhead Market Expansion: A Review of Select Aircraft Health Monitoring Tools Unveiled in the Recent Past
  • Airbus Introduces Skywise Health Monitoring (SHM) for Real-Time Management of Aircraft Events and Troubleshooting
  • Embraer Unveils IKON Predictive Maintenance System
  • GE Aviation Launches Aviation Asset Performance Management (APM) Platform
  • Lufthansa Technik Announces SafeDrone UAS HCM Platform
  • Honeywell Unveils Self-Diagnosing Integral Health Monitoring (IHM) Proximity Sensors
  • Pratt & Whitney Readies FAST™ Solution for Aerial Application Operations
  • UTC Rolls Out Pulse Health Monitoring System (HMS) for Real-Time Evaluation of Aircraft Condition
  • Data Analytics & IoT to Alter Dynamics in the AHM Ecosystem
  • GE Aviation Deploys IoT System for Effective AHM
  • Progressive Trend in Avionics Sector Creates Parallel Momentum for AHM
  • Advancements in Aerospace Sensor Technologies Widen Scope & Span of AHM
  • Utility of Wireless Sensors Utterly Visible in AHM Applications
  • AHM Services: A Niche Segment within the MRO Landscape
  • Current MRO Market Trends Strongly Favor Expansion in AHM Services Domain
  • Evolving Role of Predictive Maintenance Augments Growth Prospects
  • Artificial Intelligence Set to Add Teeth to Predictive Maintenance Strategies
  • Need to Resolve Concerns over Legal and Privacy Issues in Predictive MRO
  • Aircraft OEMs Identify Potential Opportunities in AHM Services Vertical
  • OEMs Leverage Modern Tech Concepts to Sharpen their AHM Service Capabilities
  • Boeing & Airbus Compete in AHM Sector as well
  • Boeing AHS Platform
  • Airbus AHS Platform (AiRTHM)
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Aircraft Health Monitoring Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Aircraft Health Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Aircraft Health Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Aircraft Health Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for On-Board by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for On-Board by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for On-Board by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for On Ground by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for On Ground by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for On Ground by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Commercial Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Commercial Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for Commercial Aviation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Business & General Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Business & General Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Business & General Aviation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Military Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Military Aviation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Military Aviation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Air France Industries KLM Engineering & Maintenance
  • Airbus Americas, Inc.
  • Boeing Company, The
  • Cobham PLC
  • Curtiss-Wright Corporation
  • Embraer SA
  • Esterline Technologies Corporation
  • Flight Data Services Ltd.
  • FLYHT Aerospace Solutions Ltd.
  • General Electric Company
  • Gogo LLC
  • Honeywell International, Inc.
  • Inmarsat PLC
  • Iridium Communications, Inc.
  • L3 Technologies, Inc.
  • Lufthansa Technik AG
  • Meggitt PLC
  • Panasonic Avionics Corporation
  • Safran
  • SITA
  • SKYTRAC Systems Ltd.
  • Teledyne Technologies, Inc.
  • United Technologies Corporation (UTC)