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 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