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Aircraft Health Monitoring Market Report and Forecast 2024-2032

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    Report

  • 218 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982102

Market Outlook

According to this report, the aircraft health monitoring market size reached a value of USD 5.31 billion in 2023. Aided by the increasing demand for predictive maintenance and the growing applications of aircraft health monitoring systems in the aviation sector, the market is projected to further grow at a CAGR of 7.3% between 2024 and 2032 to reach a value of USD 10.05 billion by 2032.

Aircraft health monitoring systems (AHMS) are essential for ensuring the safety, reliability, and efficiency of aircraft operations. These systems collect and analyse data from various aircraft components to detect anomalies and predict potential failures. By providing real-time insights into the condition of aircraft, AHMS help in minimising downtime, reducing maintenance costs, and enhancing overall operational efficiency.

The increasing demand for predictive maintenance is driving the aircraft health monitoring market growth. With the rising need to ensure the safety and reliability of aircraft operations, there has been a significant shift towards the adoption of aircraft health monitoring. These systems enable airlines and maintenance organisations to identify potential issues before they become critical, thereby reducing the risk of in-flight failures, and enhancing passenger safety. Additionally, the growing focus on reducing operational costs and improving fleet efficiency has further contributed to the increasing popularity of aircraft health monitoring.

Its application in various segments of the aviation sector also play a significant role in propelling the aircraft health monitoring market development. In commercial aviation, these are used to monitor the health of critical components such as engines, landing gear, and avionics systems. The military aviation sector utilises it to ensure the readiness and reliability of military aircraft, while the general aviation segment benefits from it in maintaining the health and performance of smaller aircraft.

Further, the growing adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics in aircraft health monitoring is expected to boost market growth. These technologies enable the collection, analysis, and interpretation of large volumes of data, providing more accurate and actionable insights into the health of aircraft components. This trend is expected to drive the aircraft health monitoring market expansion in the coming years.

As per the aircraft health monitoring market analysis, North America is a significant market, driven by the high adoption of advanced technologies and the presence of leading aircraft manufacturers and airlines. The region's focus on ensuring the safety and efficiency of aircraft operations is also supporting market growth.

Europe is a prominent market, with countries such as the United Kingdom, Germany, and France leading the adoption of these systems. The region's emphasis on regulatory compliance and operational efficiency is driving the demand.

The Asia-Pacific region is expected to witness significant growth in the market, owing to the rapid expansion of the aviation sector and increasing investments in advanced technologies. Countries such as China, India, and Japan are major contributors to the market growth in this region.

The Latin America market is growing steadily, driven by the increasing demand for efficient aircraft operations and the adoption of advanced technologies. The region's focus on improving aviation safety and efficiency is also driving up the aircraft health monitoring market share.

Market Segmentation

The market can be divided based on solution, system, platform, operation mode, technology, installation, end user, and region.

Market Breakup by Solution

  • Hardware
  • Software
  • Services

Market Breakup by System

  • Engine Health Monitoring
  • Structural Health Monitoring
  • Component Health Monitoring

Market Breakup by Platform

  • Civil
  • Military

Market Breakup by Operation Mode

  • Real Time
  • Non-Real Time

Market Breakup by Technology

  • Diagnostic
  • Adaptive Control
  • Prescriptive

Market Breakup by Installation

  • On Board
  • On Ground

Market Breakup by End User

  • OEM
  • MRO
  • Airlines

Market Breakup by Region

  • North America
  • Europe
  • Middle East and Africa
  • Asia Pacific
  • Latin America

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in aircraft health monitoring market. some of the major players explored in the report are as follows:
  • Honeywell International Inc.
  • RTX Corporation
  • The Boeing Company
  • Airbus SAS
  • General Electric Company
  • Teledyne Technologies Incorporated
  • Meggitt PLC
  • Rolls-Royce PLC
  • Safran
  • FLYHT Aerospace Solutions Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aircraft Health Monitoring Market Analysis
8.1 Key Industry Highlights
8.2 Global Aircraft Health Monitoring Historical Market (2018-2023)
8.3 Global Aircraft Health Monitoring Market Forecast (2024-2032)
8.4 Global Aircraft Health Monitoring Market by Solution
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Aircraft Health Monitoring Market by System
8.5.1 Engine Health Monitoring
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Structural Health Monitoring
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Component Health Monitoring
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Aircraft Health Monitoring Market by Platform
8.6.1 Civil
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Military
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Aircraft Health Monitoring Market by Operation Mode
8.7.1 Real Time
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Non-Real Time
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Aircraft Health Monitoring Market by Technology
8.8.1 Diagnostic
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Prognostic
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Adaptive Control
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Prescriptive
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.9 Global Aircraft Health Monitoring Market by Installation
8.9.1 On Board
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 On Ground
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.10 Global Aircraft Health Monitoring Market by End User
8.10.1 OEM
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 MRO
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Airlines
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.11 Global Aircraft Health Monitoring Market by Region
8.11.1 North America
8.11.1.1 Historical Trend (2018-2023)
8.11.1.2 Forecast Trend (2024-2032)
8.11.2 Europe
8.11.2.1 Historical Trend (2018-2023)
8.11.2.2 Forecast Trend (2024-2032)
8.11.3 Asia Pacific
8.11.3.1 Historical Trend (2018-2023)
8.11.3.2 Forecast Trend (2024-2032)
8.11.4 Latin America
8.11.4.1 Historical Trend (2018-2023)
8.11.4.2 Forecast Trend (2024-2032)
8.11.5 Middle East and Africa
8.11.5.1 Historical Trend (2018-2023)
8.11.5.2 Forecast Trend (2024-2032)
9 North America Aircraft Health Monitoring Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aircraft Health Monitoring Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aircraft Health Monitoring Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aircraft Health Monitoring Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aircraft Health Monitoring Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 RTX Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Boeing Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Airbus SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 General Electric Company
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Teledyne Technologies Incorporated
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Meggitt PLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Rolls-Royce PLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Safran
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 FLYHT Aerospace Solutions Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aircraft Health Monitoring Market: Key Industry Highlights, 2018 and 2032
2. Global Aircraft Health Monitoring Historical Market: Breakup by Solution (USD Billion), 2018-2023
3. Global Aircraft Health Monitoring Market Forecast: Breakup by Solution (USD Billion), 2024-2032
4. Global Aircraft Health Monitoring Historical Market: Breakup by System (USD Billion), 2018-2023
5. Global Aircraft Health Monitoring Market Forecast: Breakup by System (USD Billion), 2024-2032
6. Global Aircraft Health Monitoring Historical Market: Breakup by Platform (USD Billion), 2018-2023
7. Global Aircraft Health Monitoring Market Forecast: Breakup by Platform (USD Billion), 2024-2032
8. Global Aircraft Health Monitoring Historical Market: Breakup by Operation Mode (USD Billion), 2018-2023
9. Global Aircraft Health Monitoring Market Forecast: Breakup by Operation Mode (USD Billion), 2024-2032
10. Global Aircraft Health Monitoring Historical Market: Breakup by Technology (USD Billion), 2018-2023
11. Global Aircraft Health Monitoring Market Forecast: Breakup by Technology (USD Billion), 2024-2032
12. Global Aircraft Health Monitoring Historical Market: Breakup by Installation (USD Billion), 2018-2023
13. Global Aircraft Health Monitoring Market Forecast: Breakup by Installation (USD Billion), 2024-2032
14. Global Aircraft Health Monitoring Historical Market: Breakup by End User (USD Billion), 2018-2023
15. Global Aircraft Health Monitoring Market Forecast: Breakup by End User (USD Billion), 2024-2032
16. Global Aircraft Health Monitoring Historical Market: Breakup by Region (USD Billion), 2018-2023
17. Global Aircraft Health Monitoring Market Forecast: Breakup by Region (USD Billion), 2024-2032
18. North America Aircraft Health Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
19. North America Aircraft Health Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Europe Aircraft Health Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Europe Aircraft Health Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Asia Pacific Aircraft Health Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Asia Pacific Aircraft Health Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Latin America Aircraft Health Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Latin America Aircraft Health Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Middle East and Africa Aircraft Health Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
27. Middle East and Africa Aircraft Health Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
28. Global Aircraft Health Monitoring Market Structure

Companies Mentioned

  • Honeywell International Inc.
  • RTX Corporation
  • The Boeing Company
  • Airbus SAS
  • General Electric Company
  • Teledyne Technologies Incorporated
  • Meggitt PLC
  • Rolls-Royce PLC
  • Safran
  • FLYHT Aerospace Solutions Ltd.

Methodology

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Table Information