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Aircraft Health Monitoring: Global Strategic Business Report

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    Report

  • 242 Pages
  • March 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

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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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)

Table Information