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Aircraft Health Monitoring Market : Industry Analysis and Forecast (2019-2024) by Product Type and Application

The Global Aircraft Health Monitoring Market is estimated to reach USD 4.3 Billion by 2025 at a CAGR of 7.5%observes forencis research (FSR). Aircraft Health Monitoring is a system based on wireless technology that foresees the failure signs of an aircraft which further prevents any type of mishap by sending signals to the maintenance team. This system uses real-time data collected from numerous sensors mounted on an aircraft which increases the overall safety and security of the aircraft. The main objective of the system is to recognize faults in the system and pinpoint the fault source. The aircraft health monitoring system improves the functionality of the aircraft and also reduces the maintenance cycle by a huge margin.


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Aircraft Health Monitoring Market: Drivers & Challenges

Market Drivers:

  • Increasing Aviation Fatalities

The fatalities due to the air crash are experiencing a sharp rise. As per the aviation safety network, airline accidents had jumped 900%, over the years. The crucial aspect to be considered is loss-of-control related accidents. In loss-of-control, the aircraft deviates from the designated flight path towards a non-recoverable path, caused by a mechanical failure of any subsystem in the aircraft, human actions or environmental disturbances. The aircraft health monitoring system helps in reducing mechanical failures of the system by foreseeing them and preventing any fatalities. The airline manufacturers are striving to incorporate such monitoring systems to restrain any type of airline accidents.

Thus, increasing aviation fatalities may contribute to the growth of the aircraft health monitoring market, during the forecasted period.

  • Reducing Fuel Consumption and Carbon Dioxide Emission

Globally, emission of carbon dioxide, carbon monoxide, and other such poisonous gases is a major environmental issue. Airline manufacturers are endeavoring for fuel-efficient aircrafts to support environmental initiatives in reducing the carbon footprint. The aircraft health monitoring system observes the performance of the aircraft, collects fuel usage information and calculates resultant carbon dioxide emission. The summary of this data gives airline operator’s total emission caused by every flight, which helps manufacturers to enhance the environmental performance of an aircraft.

Thus, reducing fuel consumption and carbon dioxide emission is expected to drive the overall growth of the aircraft health monitoring market, during the forecast period.

 Market Challenges:

  • High Maintenance Cost

The aircraft health monitoring system is a complex system comprising of numerous sensors, and other hardware components connected with the software platform communicating with the on-ground system. The robustness and reliability of all the installed components becomes crucial. The component network needs to be fail-safe and if any component of the system breaks it may hinder the performance monitoring of the aircraft components. Maintenance of all these components during the lifecycle of the aircraft adds to the additional cost.

Thus, high maintenance costs can be challenging for the growth of the aircraft health monitoring market, during the forecast period.

 Aircraft Health Monitoring Market: Key Segments

  • Segmentation based on component covers: Hardware, Software, and
  • Segmentation based on installation covers:On-Board System, and Ground System.
  • Segmentation based on operation covers: Real-Timeand Post Flight.
  • Segmentation based on aircraft type covers:Commercial, Helicopter, Business Jet and
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa andSouth America, with individual country-level analysis.

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Global Aircraft Health Monitoring Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Aircraft Health Monitoring Market, by Component

  • Hardware
  • Software
  • Service

 Aircraft Health Monitoring Market, by Installation

  • On-Board System
  • Ground System

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Aircraft Health Monitoring Market, by Operation

  • Real-Time
  • Post Flight


Aircraft Health Monitoring Market, by Aircraft Type

  • Commercial
  • Helicopter
  • Business Jet
  • Military

 Aircraft Health Monitoring Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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 About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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