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Aircraft Health Monitoring - Global Strategic Business Report

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    Report

  • 242 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805159
The global market for Aircraft Health Monitoring is estimated at US$5.2 Billion in 2023 and is projected to reach US$9.7 Billion by 2030, growing at a CAGR of 8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Aircraft Health Monitoring Hardware segment, which is expected to reach US$4.4 Billion by 2030 with a CAGR of 7.5%. The Aircraft Health Monitoring Software segment is also set to grow at 7.8% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.4 Billion in 2023, and China, forecasted to grow at an impressive 10.6% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Aircraft Health Monitoring Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Aircraft Health Monitoring Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Aircraft Health Monitoring Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Air France Industries KLM Engineering & Maintenance, Airbus Americas, Inc., Boeing Company, The, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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)

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

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)
  • Global Economic Update
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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Aircraft Health Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (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