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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Market Dynamics

Introduction

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 Drivers

The major factors driving the growth of 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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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

Note: The above list does not necessarily include all the top players in the market.

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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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects flight data monitoring market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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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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.

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