Flight Data Monitoring Market Growth Analysis | 2023-2028

Market Insights

The flight data monitoring market was estimated at USD 4.54 billion in 2022 and is likely to grow at a CAGR of 8.43% during 2023-2028 to reach USD 7.4 billion in 2028.

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What is flight data monitoring?

Flight data monitoring is mainly a part of flight operations or quality analysis. The flight data is monitored and analyzed to understand a particular event or to offer a forecast. It is also a part of the training.

Flight data monitoring can be on board as well as on-ground. FDM service, FDM system, and FDM software are the components of flight data monitoring.

Market Dynamics

The prime factors that are driving the global flight data monitoring market are-

• The growing claim for improved situational cognizance for efficient airline operations.
• The need to minimize the cost of unscheduled maintenance.
• The rising volume of data generated by the aviation industry.
• An upsurge in aircraft deliveries.

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Segment Analysis

By Solution Type 

Based on the solution type, the market is segmented as an onboard solution and on-ground solution. The on-ground segment is estimated to remain dominant during the forecast period. The growing application of ground-based flight data monitoring analysis software is fueling the growth of the segment.

By Component Type

Based on the component type, the market is segmented as FDM service, FDM system, and FDM software. The FDM service segment led the market in 2022.  Factors such as increasing aircraft deliveries globally and the demand for enhanced functional efficiency of airlines are bolstering the growth of the FDM service segment in the coming five years.

By End-User Type

Based on the end-user type, the market is segmented into fleet operators, drone operators, investigation agencies, and FDM service providers. The fleet operators segment held a major share of the market in 2022. The escalating fleet size of prominent airlines in the APAC region is stimulating the growth of the market during the forecast period.

Regional Insights

In terms of regions, North America is expected to lead the flight data monitoring market during the forecast period. The market is driven by the presence of giant system manufacturers, software developers, and service providers in the flight data monitoring market that is located in the US, the UK, and France. Asia-Pacific is also expected to offer substantial growth opportunities in the coming five years.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. 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 flight data monitoring market is segmented into the following categories.

By Solution Type

• On-Board Solution
• On-Ground Solution

By Component Type

• FDM Service
• FDM System
• FDM Software

By End-User Type

• Fleet Operators
• Drone Operators
• Investigation Agencies
• FDM Service Providers

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)

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Key Players

Some of the major players in the market are-

• The Curtiss-Wright Corporation
• Flyht
• Flight Data Services
• Flight Data People
• Guardian Mobility
• Scaled Analytics
• SAGEM
• Teledyne Controls

Research Methodology

This report offers high-quality insights and is the outcome of a 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.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

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 solution types by end-user 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 to sales@stratviewresearch.com.