17 Feb, 2021/ IndustryNewsGlobal/ -- The report on the Aircraft Health Monitoring System Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.
Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Health Monitoring System (AHMS) Market is expected to inflate at a CAGR of 7.3% by the forecast period (2019 – 2024).
As per the report, the market is segmented by:
- by Aircraft Type (narrow-body aircraft, wide-body aircraft, and Others) – Narrow- and wide-body aircraft dominate the market.
● by Installation Type (onboard and onground) – onboard segment to witness the highest growth.
●by Sub-System Type (Airframe, Software System, and Others)
● by IVHM Technology Type (Detection, Diagnostics, and Others)
● by Operation Time Type (Real-Time AHMS & Non-Real-Time AHMS)
● by Fit Type (Linefit & Retrofit)
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.
Highlights of the Report:
Based on the aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, very large body aircraft, regional aircraft, business jet, helicopter, and military aircraft. Narrow- and wide-body aircraft dominate the market and are estimated to remain the leading aircraft segments over the next five years as well. Increasing production rates of B737 and A320 including their fuel-efficient variants (A320neo and B737 max) coupled with the market entry of new players (COMAC and Irkut) are the major factors driving the overall narrow-body aircraft segment and so are the health monitoring systems for them. Similar to narrow-body aircraft, increasing production rates of B787 and A350XWB coupled with the introduction of fuel-efficient variants including B777x and A330neo are the major factors driving the demand for health monitoring systems in the wide-body aircraft segment.
Based on the installation type, the AHMS market is segmented as onboard and on-the-ground. It is estimated that the onboard segment is likely to depict a higher growth during the forecast period, propelled by the installation of different health monitoring system components, such as sensors, communication systems, and flight data management systems, with an aim to provide an increased passenger safety and reduce MRO cost.
In terms of regions, North America is expected to remain the largest market for aircraft health monitoring systems in the coming five years, whereas Asia-Pacific is likely to witness the highest growth during the same period. The USA is the growth engine of the North American market. Similarly, China, Japan, and India are the key sources of growth in the Asia-Pacific’s aircraft health monitoring system market. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. This, in turn, will create a healthy demand for aircraft health monitoring systems in Asia-Pacific during the forecast period.
Key Players of the Market
Some of the major players in the AHMS market are
- Airbus S.A.S.
- The Boeing Company
- United Technologies Corporation
- Honeywell International Inc.
- General Electric Company
- Rockwell Collins, Inc.
- Meggitt PLC
- Rolls-Royce Holdings PLC
- Safran S.A.
- Air France Industries KLM Engineering & Maintenance
- Lufthansa Technik AG.
These major players are likely to remain the most dominant ones over the next five years as well. Several efforts are being made by these players to remain competitive and to quickly gain more shares in the market. Some of which are a regional expansion, execution of mergers & acquisitions and joint ventures, and advancement in technologies.
Features of the Report
The Report discusses about the working of the airbags, the various types, and the growth of the airbags in the global market. Here are the key features of the report:
- Strategic Segmentation
- Competitive Analysis
- Strategic Growth Opportunities
- Swot Analysis
- Key Players
- Forecast Analysis & Future Growth
The Global Aircraft Health Monitoring System Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type, fit, sub-system, and IVHM technology.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Aircraft Health Monitoring System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/9128-aircraft-health-monitoring-system-market-reportThe report also covers the complete competitive landscape of the global Aircraft Health Monitoring System market with company profiles of key players such as:Airbus GroupUnited Technologies CorporationHoneywell International Inc.Boeing CompanyGeneral Electric CompanyRockwell Collins Inc.Ultra Electronics Holdings PLC.Meggitt PLCRolls-Royce PLCRSL Electronics Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Type:CommercialNarrow Body AircraftWide Body AircraftVery Large AircraftBusiness JetsRotary WingDefenseBy Fit:Line FitRetrofitBy Sub-Systems:Aero-PropulsionAircraft StructuresAvionicsAncillary SystemsBy IVHM Technology:DiagnosticsPrognosticsCondition-Based Maintenance & Adaptive ControlBy Geography:North AmericaEuropeAsia PacificRest of the WorldDownload Free Sample Report of Global Aircraft Health Monitoring System Market @ https://www.decisiondatabases.com/contact/download-sample-9128The Global Aircraft Health Monitoring System Market has been exhibited in detail in the following chapters –Chapter 1 Aircraft Health Monitoring System Market PrefaceChapter 2 Executive SummaryChapter 3 Aircraft Health Monitoring System Industry AnalysisChapter 4 Aircraft Health Monitoring System Market Value Chain AnalysisChapter 5 Aircraft Health Monitoring System Market Analysis By TypeChapter 6 Aircraft Health Monitoring System Market Analysis By FitChapter 7 Aircraft Health Monitoring System Market Analysis By Sub-SystemsChapter 8 Aircraft Health Monitoring System Market Analysis By IVHM TechnologyChapter 9 Aircraft Health Monitoring System Market Analysis By GeographyChapter 10 Competitive Landscape Of Aircraft Health Monitoring System CompaniesChapter 11 Company Profiles Of Aircraft Health Monitoring System IndustryPurchase the complete Global Aircraft Health Monitoring System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9128Other Reports by DecisionDatabases.com:Global Aircraft Seating Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Aircraft Ground Handling System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Aircraft Interface Device Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The global aircraft health monitoring system market size is anticipated to reach USD 7.55 billion by 2026, according to a new research published by Polaris Market Research.
In 2017, the hardware segment dominated the global aircraft health monitoring system (AHMS) industry, in terms of revenue.
The increasing government regulations regarding safety, along with growing instances of aviation accidents majorly drive the market growth.
The increasing volume of air traffic and rising safety concerns, especially from the defense sector, have increased the demand for real-time fault management, predictive maintenance, performance monitoring, thereby supporting the growth of Aircraft health monitoring system industry.
New emerging markets, upgradation and replacement of old aircraft with new generation aircrafts, and significant investments in research and development would provide numerous growth opportunities in the aircraft health monitoring system industry during the forecast period.
The technology enables proactive maintenance of the aircraft along with its engine and other intricate parts.Wish to get a sample report?
