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    Aircraft Health Monitoring System Market | Covid-19 Impact Analysis

    Aircraft Health Monitoring System Market | Covid-19 Impact Analysis

    Aircraft Health Monitoring System Market | Covid-19 Impact Analysis
    Report code - SRAD190 Delivery - 2 Weeks
    Aircraft Health Monitoring System (AHMS) Market Size, Share, Trend, Forecast, & Compet See more...
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    Impact of COVID-19 on Aircraft Health Monitoring System Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Health Monitoring System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aircraft Health Monitoring System (AHMS) Market Insights

    Health monitoring systems are gaining momentum in the aircraft industry as all the major aircraft OEMs are increasingly incorporating these systems into their best-selling aircraft in order to enhance the flight safety as well as to reduce MRO cost. The aircraft health monitoring system market is one of the fastest-growing systems in the aircraft industry and is likely to grow at an above average growth rate of the overall aircraft industry (7.3% vs 3.5%) over the next five years.

    Several factors are bolstering the demand for health monitoring systems in the aircraft industry. Some of which are-

    • Rising demand for advanced aircraft monitoring systems to reduce the increasing aircraft accidents
    • Increasing production rates of key aircraft programs
    • Surging situational cognizance and cost-effective maintenance
    • Increasing demand for connected aircraft solutions
    • Effective decision making due to the availability of real-time information 

    The inception of a structural health monitoring system, a paradigm shift from non-destructive testing, has paved the path for enhanced aircraft health monitoring systems.

     

    Aircraft Health Monitoring System (AHMS) Market Share Analysis

    Aircraft-Health-Monitoring-System-Market-Dominant-Segments

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    Aircraft Health Monitoring System (AHMS) Market Share by Aircraft Type

    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.    

    Aircraft Health Monitoring System (AHMS) Market Share by Installation Type

    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.

    Regional Insights

    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.

    Aircraft Health Monitoring System-Market-By-Region

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    Key Players

    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.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Forecast

    7.3% CAGR During 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Spain, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Very Large Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Business Jets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Sub-System Type:

    • Aero-Propulsion System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ancillary System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Control and Actuation System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Software System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by IVHM Technology Type:

    • Detection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Diagnostics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Prognostics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Adaptive Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Installation Type:

    • Onboard AHMS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • On Ground AHMS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Operation Time Type:

    • Real-Time AHMS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Real Time AHMS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Fit Type:

    • Linefit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Retrofit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Health Monitoring System (AHMS) Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This report, from Stratview Research, studies the aircraft health monitoring system market over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the aircraft types by sub-system type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]. 


    Frequently Asked Questions (FAQs)

    What will be the growth of the Aircraft Health Monitoring System (AHMS) Market in the foreseeable years?

    Driven by a number of factors like rising demand for advanced aircraft monitoring systems & increasing production rates of key aircraft programs, the aircraft health monitoring system market is expected to witness an impressive growth of 7.3% CAGR During 2019-24.

    Who are the key players in the Aircraft Health Monitoring System (AHMS) Market?

    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, and Lufthansa Technik AG. are among the key players in the aircraft health monitoring system market.

    Which region/country is expected to remain the largest Aircraft Health Monitoring System (AHMS) Market?

    North America is expected to remain the largest market for aircraft health monitoring systems during the forecast period of 2019-24.

    Which aircraft type is expected to remain the leading segment?

    Narrow- and wide-body aircraft are estimated to remain the leading aircraft segments over the next five years

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