Report Summary

The global aircraft health monitoring systems market size was valued at USD 3.80 billion in 2017 and is anticipated to grow at a CAGR of 8.0% during the forecast period. The Aircraft Health Monitoring System is a complex integration of multiple practices, tools and techniques to remotely monitor aircraft data. This system provides analysis and understanding of the current status and future serviceability and performance. The system utilizes huge amounts of data to provide an improved output without compromising on the safety features. Using the AHMS technology assists in reducing maintenance and operational costs for aircrafts.

An important feature of this technology is prediction of failure of a given part or a process before-hand. The monitoring system predicts the possibility of a failure in the main or the sub-system with the help of advanced sensors, technology, and maintenance policy. Added to failure prediction, it also offers efficient functions such as failure measurement, failure isolation, failure reporting and life prediction.

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The major driving factors of the aircraft health monitoring systems industry include growing need to reduce aviation accidents, increasing number of commercial aircraft, and rising volume of air traffic. Aircraft health monitoring systems provide features such as real-time fault management, predictive maintenance, performance monitoring, and custom alerting & analysis solutions, which has increased its demand significantly worldwide. Growing adoption of connected aircraft solutions would further accelerate the aircraft health monitoring systems market growth.

Government regulations regarding improved safety, and rising demand from the defense sector boost the adoption of aircraft health monitoring system. The increasing advancements in technologies, upgradation and replacement of old aircraft with new generation aircrafts, and rising adoption of IoT further supplement the market growth. Expansion of established companies into emerging economies, growing need of automation and reduction in operation costs would provide numerous growth opportunities in the aircraft health monitoring systems ecosystem.

Segment Analysis

The global Aircraft Health Monitoring systems market is segmented on the basis of component, aircraft type, fit, technology, end-user, and geography. Based on component, the Aircraft Health Monitoring System industry is segmented into hardware, software, and services. The hardware segment dominated the global Aircraft Health Monitoring System industry in 2017 owing to increasing use and costs associated with hardware components such as sensors, ground servers, flight data management systems, connected aircraft solutions, and avionics among others.

The aircraft type segment is categorized into wide-body aircraft, narrow-body aircraft, and regional jets. The report categorizes the fit segment into linefit and retrofit. The retrofit segment dominated the global Aircraft Health Monitoring systems industry in 2017. The market for Aircraft Health Monitoring systems report categorizes the technology segment into detection, diagnostics, prognostics, adaptive control, and others. Based on end-user, the market is segmented into commercial, and defense. The commercial segment is expected to grow at the highest rate during the forecast period owing to upgradation and replacement of old aircraft with new generation aircrafts.

Aircraft Health Monitoring Systems Market Scope

By Component By Aircraft Type By Fit By Technology By End User By Region Hardware

Software

Services Wide-Body Aircraft

Narrow-Body Aircraft

Regional Jets Linefit

Retrofit Detection

Diagnostics

Prognostics

Adaptive Control

Others Commercial

Defense North America (U.S., Canada)

Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, Rest of Europe)

Asia Pacific (China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of APAC)

Latin America (Brazil, Mexico,

Argentina, Rest of LATAM)

Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)

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Regional Analysis

This AHMS market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.

North America accounted for the largest share in the market during 2017. The factors driving the market growth in this region include technological advancements, and significant investments in technological advancements, and research and development. The government regulations regarding improved safety, and increasing instances of aviation accidents further support the market Aircraft Health Monitoring System growth. The growing adoption of IoT, and upgradation of old aircrafts are factors expected to boost the adoption of Aircraft Health Monitoring systems during the forecast period.

Competitive Landscape

The leading players in the report include Rolls-Royce plc, Airbus S.A.S., Rockwell Collins, Ultra Electronics Holdings PLC, Boeing Company, Honeywell International Inc., General Electric Company, RSL Electronics Ltd., Meggitt PLC, and Lufthansa Technik among others. These vendors in the Aircraft Health Monitoring System industry are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base.