The flight data monitoring market size has grown strongly in recent years. It will grow from $5.5 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed during the historical period can be attributed to several factors, including the increasing air passenger traffic leading to a rise in the number of aircraft, the implementation of stringent safety standards and regulatory norms by government bodies, the growing emphasis on aviation safety, and the increasing volume of data generated by the aviation industry.
The flight data monitoring market size is expected to see strong growth in the next few years. It will grow to $8.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth in the forecast period can be attributed to several factors, including increased air transportation activity, a growing emphasis on safety within the aviation industry, rising demand for efficient aircraft maintenance, increasing reliance on real-time data, and a growing need for cost-effective flight data analysis. Major trends expected during this period include the adoption of artificial intelligence and machine learning, advancements in the commercial aircraft industry, a growing need for real-time monitoring capabilities, the integration of data analytics, and technological advancements in data analytics tools and techniques.
The surge in air transportation activity is anticipated to drive the expansion of the flight data monitoring market in the foreseeable future. Air transportation plays a vital role in fostering economic growth, connectivity, job creation, tourism promotion, and infrastructural development on both national and international scales. As air travel continues to increase, flight data monitoring systems become indispensable tools for airlines to ensure compliance with regulatory requirements and industry standards. These systems capture, analyze, and report flight data as mandated by aviation authorities, thereby ensuring adherence to safety regulations, facilitating regulatory audits, and promoting transparency and accountability in air transportation activities. For example, according to the Bureau of Transportation Statistics Report in March 2023, US airlines transported 853 million passengers (unadjusted) in 2022, marking a substantial increase from 2021 and 2020, thus underscoring the significant growth in air transportation activity and the need for robust flight data monitoring solutions.
Key players in the flight data monitoring market are focusing on developing advanced solutions, such as flight data acquisition interface units (FDAIU), to enhance data acquisition capabilities and ensure compatibility with modern recording systems in the aviation industry. FDAIU plays a critical role in collecting, sampling, conditioning, and digitizing analog signals representing aircraft functions, thereby enhancing data acquisition capabilities within the aviation industry. For instance, Flight Data Systems Pty. Ltd. introduced the flight data acquisition interface unit (FDAIU) in March 2022, providing operators with the ability to upgrade outdated Flight Data Recorders (FDRs) with modern recorders from the SENTRY series. This retrofit solution offers a cost-effective means for operators to modernize their flight data recording systems, thereby contributing to enhanced data collection and analysis functionalities within the flight data monitoring sector.
In November 2021, Collins Aerospace made a strategic acquisition by acquiring FlightAware, a digital aviation company specializing in real-time, historical, and predictive flight tracking data and products. This acquisition aims to leverage FlightAware's expertise in providing comprehensive flight information services to advance Collins Aerospace's connected ecosystem solutions, thereby enhancing the capabilities and offerings in the flight data monitoring market.
Major companies operating in the flight data monitoring market are Honeywell International Inc., Safran SA, L3 Harris Technology Inc., Leonardo S.p.A., Teledyne Technologies Incorporated, Curtiss-Wright Corporation, FlightSafety International Inc., NeST Aerospace Pvt. Ltd., NSE Groupe, SkyTrac Systems Ltd., Flight Data Systems Pty. Ltd., Metro Aviation Inc., Guardian Mobility Corporation, FLYHT Aerospace Solutions Ltd., AeroVision International LLC, Scaled Analytics Inc., Flight Data Services Ltd., Aerobytes Ltd., Flight Data People, Helinalysis Ltd., Hi-Fly Marketing, Aerosight Technologies Private Limited, Ergoss Logiciels Sàrl, Truth Data Insights (Holdings) Limited, SAGEM SA.
North America was the largest region in the flight data monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight data monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the flight data monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Flight data monitoring (FDM), also known as flight operational quality assurance (FOQA), serves as a safety management tool within the aviation industry, capturing, analyzing, and visualizing data generated by aircraft during their journeys. This process involves collecting flight data to identify opportunities for enhancing flight safety and operational efficiency in aviation operations.
Key components of flight data monitoring include FDM services, FDM software, and FDM systems. FDM services encompass the monitoring and analysis of flight data provided by third-party sources, involving the collection, analysis, and reporting of data on aircraft performance and operational aspects. These solutions can be deployed onboard or on-ground, catering to various end-users such as fleet operators, drone operators, FDM service providers, and investigating agencies.
The flight data monitoring market research report is one of a series of new reports that provides flight data monitoring market statistics, including flight data monitoring industry global market size, regional shares, competitors with a flight data monitoring market share, detailed flight data monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the flight data monitoring industry. This flight data monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flight data monitoring (FDM) market consists of revenues earned by entities through personalized crew training, comprehensive fuel monitoring, quicker maintenance diagnostics, data analysis and visualization, and safety reporting and alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The flight data monitoring (FDM) market also includes of sales of flight data recorders (FDRs) and quick access recorders (QARs), data transmission and storage systems, data analysis software, and integration with aircraft health monitoring systems and safety management systems (SMS). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The flight data monitoring market size is expected to see strong growth in the next few years. It will grow to $8.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth in the forecast period can be attributed to several factors, including increased air transportation activity, a growing emphasis on safety within the aviation industry, rising demand for efficient aircraft maintenance, increasing reliance on real-time data, and a growing need for cost-effective flight data analysis. Major trends expected during this period include the adoption of artificial intelligence and machine learning, advancements in the commercial aircraft industry, a growing need for real-time monitoring capabilities, the integration of data analytics, and technological advancements in data analytics tools and techniques.
The surge in air transportation activity is anticipated to drive the expansion of the flight data monitoring market in the foreseeable future. Air transportation plays a vital role in fostering economic growth, connectivity, job creation, tourism promotion, and infrastructural development on both national and international scales. As air travel continues to increase, flight data monitoring systems become indispensable tools for airlines to ensure compliance with regulatory requirements and industry standards. These systems capture, analyze, and report flight data as mandated by aviation authorities, thereby ensuring adherence to safety regulations, facilitating regulatory audits, and promoting transparency and accountability in air transportation activities. For example, according to the Bureau of Transportation Statistics Report in March 2023, US airlines transported 853 million passengers (unadjusted) in 2022, marking a substantial increase from 2021 and 2020, thus underscoring the significant growth in air transportation activity and the need for robust flight data monitoring solutions.
Key players in the flight data monitoring market are focusing on developing advanced solutions, such as flight data acquisition interface units (FDAIU), to enhance data acquisition capabilities and ensure compatibility with modern recording systems in the aviation industry. FDAIU plays a critical role in collecting, sampling, conditioning, and digitizing analog signals representing aircraft functions, thereby enhancing data acquisition capabilities within the aviation industry. For instance, Flight Data Systems Pty. Ltd. introduced the flight data acquisition interface unit (FDAIU) in March 2022, providing operators with the ability to upgrade outdated Flight Data Recorders (FDRs) with modern recorders from the SENTRY series. This retrofit solution offers a cost-effective means for operators to modernize their flight data recording systems, thereby contributing to enhanced data collection and analysis functionalities within the flight data monitoring sector.
In November 2021, Collins Aerospace made a strategic acquisition by acquiring FlightAware, a digital aviation company specializing in real-time, historical, and predictive flight tracking data and products. This acquisition aims to leverage FlightAware's expertise in providing comprehensive flight information services to advance Collins Aerospace's connected ecosystem solutions, thereby enhancing the capabilities and offerings in the flight data monitoring market.
Major companies operating in the flight data monitoring market are Honeywell International Inc., Safran SA, L3 Harris Technology Inc., Leonardo S.p.A., Teledyne Technologies Incorporated, Curtiss-Wright Corporation, FlightSafety International Inc., NeST Aerospace Pvt. Ltd., NSE Groupe, SkyTrac Systems Ltd., Flight Data Systems Pty. Ltd., Metro Aviation Inc., Guardian Mobility Corporation, FLYHT Aerospace Solutions Ltd., AeroVision International LLC, Scaled Analytics Inc., Flight Data Services Ltd., Aerobytes Ltd., Flight Data People, Helinalysis Ltd., Hi-Fly Marketing, Aerosight Technologies Private Limited, Ergoss Logiciels Sàrl, Truth Data Insights (Holdings) Limited, SAGEM SA.
North America was the largest region in the flight data monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight data monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the flight data monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Flight data monitoring (FDM), also known as flight operational quality assurance (FOQA), serves as a safety management tool within the aviation industry, capturing, analyzing, and visualizing data generated by aircraft during their journeys. This process involves collecting flight data to identify opportunities for enhancing flight safety and operational efficiency in aviation operations.
Key components of flight data monitoring include FDM services, FDM software, and FDM systems. FDM services encompass the monitoring and analysis of flight data provided by third-party sources, involving the collection, analysis, and reporting of data on aircraft performance and operational aspects. These solutions can be deployed onboard or on-ground, catering to various end-users such as fleet operators, drone operators, FDM service providers, and investigating agencies.
The flight data monitoring market research report is one of a series of new reports that provides flight data monitoring market statistics, including flight data monitoring industry global market size, regional shares, competitors with a flight data monitoring market share, detailed flight data monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the flight data monitoring industry. This flight data monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flight data monitoring (FDM) market consists of revenues earned by entities through personalized crew training, comprehensive fuel monitoring, quicker maintenance diagnostics, data analysis and visualization, and safety reporting and alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The flight data monitoring (FDM) market also includes of sales of flight data recorders (FDRs) and quick access recorders (QARs), data transmission and storage systems, data analysis software, and integration with aircraft health monitoring systems and safety management systems (SMS). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Flight Data Monitoring Market Characteristics3. Flight Data Monitoring Market Trends and Strategies32. Global Flight Data Monitoring Market Competitive Benchmarking33. Global Flight Data Monitoring Market Competitive Dashboard34. Key Mergers and Acquisitions in the Flight Data Monitoring Market
4. Flight Data Monitoring Market - Macro Economic Scenario
5. Global Flight Data Monitoring Market Size and Growth
6. Flight Data Monitoring Market Segmentation
7. Flight Data Monitoring Market Regional and Country Analysis
8. Asia-Pacific Flight Data Monitoring Market
9. China Flight Data Monitoring Market
10. India Flight Data Monitoring Market
11. Japan Flight Data Monitoring Market
12. Australia Flight Data Monitoring Market
13. Indonesia Flight Data Monitoring Market
14. South Korea Flight Data Monitoring Market
15. Western Europe Flight Data Monitoring Market
16. UK Flight Data Monitoring Market
17. Germany Flight Data Monitoring Market
18. France Flight Data Monitoring Market
19. Italy Flight Data Monitoring Market
20. Spain Flight Data Monitoring Market
21. Eastern Europe Flight Data Monitoring Market
22. Russia Flight Data Monitoring Market
23. North America Flight Data Monitoring Market
24. USA Flight Data Monitoring Market
25. Canada Flight Data Monitoring Market
26. South America Flight Data Monitoring Market
27. Brazil Flight Data Monitoring Market
28. Middle East Flight Data Monitoring Market
29. Africa Flight Data Monitoring Market
30. Flight Data Monitoring Market Competitive Landscape and Company Profiles
31. Flight Data Monitoring Market Other Major and Innovative Companies
35. Flight Data Monitoring Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Flight Data Monitoring Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on flight data monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for flight data monitoring? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flight data monitoring market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Component: Flight Data Monitoring (FDM) Service; Flight Data Monitoring (FDM) Software; Flight Data Monitoring (FDM) System.2) by Solution: Onboard; On-Ground
3) by End-User: Fleet Operators; Drone Operators; Flight Data Monitoring (FDM) Service Providers; Investigating Agencies.
Key Companies Mentioned: Honeywell International Inc; Safran SA; L3 Harris Technology Inc; Leonardo S.p.A; Teledyne Technologies Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Honeywell International Inc
- Safran SA
- L3 Harris Technology Inc
- Leonardo S.p.A
- Teledyne Technologies Incorporated
- Curtiss-Wright Corporation
- FlightSafety International Inc
- NeST Aerospace Pvt. Ltd
- NSE Groupe
- SkyTrac Systems Ltd
- Flight Data Systems Pty. Ltd
- Metro Aviation Inc
- Guardian Mobility Corporation
- FLYHT Aerospace Solutions Ltd
- AeroVision International LLC
- Scaled Analytics Inc
- Flight Data Services Ltd
- Aerobytes Ltd
- Flight Data People
- Helinalysis Ltd
- Hi-Fly Marketing
- Aerosight Technologies Private Limited
- Ergoss Logiciels Sàrl
- Truth Data Insights (Holdings) Limited
- SAGEM SA
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6.01 Billion |
Forecasted Market Value ( USD | $ 8.65 Billion |
Compound Annual Growth Rate | 9.5% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |