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Europe Flight Data Monitoring Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Solution Type, and End User

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    Report

  • 122 Pages
  • April 2021
  • Region: Europe
  • The Insight Partners
  • ID: 5316768
The Europe flight data monitoring systems market is expected to grow from US$ 932.68 million in 2020 to US$ 1,544.42 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The revenue generation curve for flight data monitoring services is showcasing an upward inclination in the current scenario and is expected to remain the same during the forecast period. The flight data monitoring systems require heavy investments and skilled resources for data collection and analysis. This sometimes pressurizes the fleet operators to cut costs in other areas of investments that are equally important. However, the flight data monitoring activities being one of the key activities, the deferment of the activity is not feasible. Thus, companies operating in the market are offering flight data monitoring services for customers to save their valuable time and expenses. Also, skilled resources are offered by service providers to enhance flight performance and operations. Flight data monitoring services are expanding their geographical reach and offering for the smallest airlines or fleet operators. For instance, in December 2020, Textron Aviation launched new aircraft flight data monitoring service options for Cessna Citation business jet operators. This service improves training, operational efficiency, and customer reliability by transferring the data to one of the data management providers. Customers can select Safran Electronics & Defense’s Cassiopée Flight Data Monitoring solution or L3Harris Technologies’ Flight Data Connect service for comprehensive flight data monitoring capabilities. The increased focus toward service offering can be a new trend in the market which can accelerate the market growth during the forecast period.

Based on solution type, the on board segment led the Europe flight data monitoring systems market in 2020. The airline safety department evaluates the aircraft data recorded on-board in order to scrutinize safety incidences. The data recorded by the flight data monitoring systems on-board is downloaded and evaluated through numerous techniques and tools. The analysis is then used to establish maintenance schedules, enhance civil aviation operations, train pilots, and modify operational procedures without compromising safety. The commercial aviation sector is escalating at an exponential rate, thereby driving the orders of numerous aircraft models. Growing demand for aircraft is also propelled by increased international and domestic air travel. Several manufacturers across the Europe are highly focused on creating a wide-ranging, next-generation aviation system with flexibility and cost-effectiveness. Major aircraft OEMs, such as Airbus and Boeing, are presenting tremendous opportunities to the flight data monitoring systems market players.

The Europe flight data monitoring systems market witnessed decline in the market growth at the first half of 2020 due to COVID-19 outbreak. Countries such as Russia, France, Spain, the UK, and others recorded major count of confirmed cases on daily basis; thus, those countries imposed lockdown. The flights were suspended for longer period in the first half of 2020, which lowered the demand for flight data monitoring systems. Several countries also stopped their production activities in the aircraft industry, which further lowered the market growth. For instance, 668 infected persons are found on the French aircraft carrier Charles de Gaulle. As a result, the facility cannot function without proper staff the operations are either being stopped or carried out with limited force. In addition, a new strain of coronavirus that causes COVID-19 has found in the UK, which spreads at faster rate than previous strain. The crisis has initiated shutdown of air connectivity across the UK and other European countries. The Europe is third largest region in terms of demand for airplanes, which might help the market to recover after pandemic but in current scenario the demand for services and systems in the region is experiencing major decline. Still companies operating in the region are managing to offer flight data monitoring systems solution for domestic and global level but not as per the expected target. Also, the use of robots, data analytics, connected systems, and other advanced tools and software for improved flight performance has emerged owing to the outbreak, which might grab stronger share in the forecast period.

The overall Europe flight data monitoring systems market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe flight data monitoring systems market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe flight data monitoring systems market. Appareo, Curtiss-Wright Corporation, FLYHT Aerospace Solutions Ltd., Honeywell International Inc., L3Harris Technologies Inc., Safran Electronics & Defense, and Teledyne Controls LLC are among the key players operating in the market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Flight Data Monitoring Systems Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. Europe Flight Data Monitoring Systems Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Flight Safety Solutions at High Demand
5.1.2 Number of Aircraft Deliveries Is Increasing
5.2 Market Restraints
5.2.1 Presence of Substitute Solutions Including High Cost of Flight Data Monitoring Systems
5.3 Market Opportunities
5.3.1 Helicopter Flight Data Monitoring (HFDM) Systems at High Demand
5.4 Future Trends
5.4.1 Growth in Flight Data Monitoring Service Providers
5.5 Impact Analysis of Drivers and Restraints
6. Flight Data Monitoring Systems Market - Europe Analysis
6.1 Overview
6.2 Europe Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
7. Europe Flight Data Monitoring Systems Market Analysis - By Component
7.1 Overview
7.2 Europe Flight Data Monitoring Systems Market, By Component (2020 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
8. Europe Flight Data Monitoring Systems Market Analysis - By Solution Type
8.1 Overview
8.2 Europe Flight Data Monitoring Systems Market, By Solution Type (2020 and 2027)
8.3 On board
8.3.1 Overview
8.3.2 On board: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Ground
8.4.1 Overview
8.4.2 Ground: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
9. Europe Flight Data Monitoring Systems Market Analysis - By End User
9.1 Overview
9.2 Europe Flight Data Monitoring Systems Market, By End User (2020 and 2027)
9.3 Fleet Operators
9.3.1 Overview
9.3.2 Fleet Operators: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
9.4 Drone Operators
9.4.1 Overview
9.4.2 Drone Operators: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
9.5 Investigation Agencies
9.5.1 Overview
9.5.2 Investigation Agencies: Flight Data Monitoring Systems Market -Revenue and Forecast to 2027 (US$ Million)
10. Europe Flight Data Monitoring Systems Market - Country Analysis
10.1 Overview
10.1.1 Europe: Flight Data Monitoring Systems Market, By Country
10.1.1.1 Germany: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Flight Data Monitoring Systems Market, By Component
10.1.1.1.2 Germany: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.1.3 Germany: Flight Data Monitoring Systems Market, By End User
10.1.1.2 France: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Flight Data Monitoring Systems Market, By Component
10.1.1.2.2 France: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.2.3 France: Flight Data Monitoring Systems Market, By End User
10.1.1.3 Italy: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Flight Data Monitoring Systems Market, By Component
10.1.1.3.2 Italy: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.3.3 Italy: Flight Data Monitoring Systems Market, By End User
10.1.1.4 UK: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Flight Data Monitoring Systems Market, By Component
10.1.1.4.2 UK: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.4.3 UK: Flight Data Monitoring Systems Market, By End User
10.1.1.5 Russia: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Flight Data Monitoring Systems Market, By Component
10.1.1.5.2 Russia: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.5.3 Russia: Flight Data Monitoring Systems Market, By End User
10.1.1.6 Rest of Europe: Flight Data Monitoring Systems Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Flight Data Monitoring Systems Market, By Component
10.1.1.6.2 Rest of Europe: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.6.3 Rest of Europe: Flight Data Monitoring Systems Market, By End User
11. Europe Flight Data Monitoring Systems Market - COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Partnership
13. Company Profiles
13.1 L3Harris Technologies, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Appareo
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FLYHT Aerospace Solutions Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Honeywell International Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Curtiss-Wright Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Safran Electronics & Defense
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Teledyne Controls LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index

Companies Mentioned (Partial List)

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

  • Appareo
  • Curtiss-Wright Corporation
  • FLYHT Aerospace Solutions Ltd.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Safran Electronics & Defense
  • Teledyne Controls LLC