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Aircraft Health Monitoring Market

Global Aircraft Health Monitoring Market Size, Forecast: By Solution: Hardware, Software, Services; By System: Engine Health Monitoring, Structural Health Monitoring, Component Health Monitoring; By Platform: Civil, Military; By Operation Mode; By Technology; By Installation; By End User; Regional Analysis; Competitive Landscape; 2024-2032

Global Aircraft Health Monitoring Market Outlook

The global aircraft health monitoring market size reached approximately USD 5.33 billion in 2023. The market is estimated to grow at a CAGR of 7.3% in the forecast period of 2024-2032, reaching a value of around USD 10.05 billion by 2032.

 

Key Trends in the Market

Aircraft health monitoring is a process that uses data collection, data analysis, and sensors to monitor the performance of an aircraft. It identifies potential failures and malfunctions and ensures the safety, operational efficiency, and reliability of flights.

 

  • Rising demand for advanced aircraft monitoring systems to prevent flight delays, air turnbacks, and risk of aircraft accidents by identifying recurring issues is one of the crucial aircraft health monitoring market trends.
  • Electric aircraft are increasingly preferred amid the rising focus on sustainability and the surge in fuel cost and carbon emission. Increasing efforts to develop lightweight aircraft health monitoring systems that can communicate through wireless technology and can self-sustain while reducing operational costs are likely to aid the aircraft health monitoring market demand in the coming years.
  • There is an increasing integration of IoT-enabled sensors and artificial intelligence models in aircraft health monitoring systems to measure real-time data, predict potential issues, and bolster predictive maintenance. In addition, the aircraft health monitoring market growth can be attributed to the rising adoption of remote diagnostics by service providers to assess faults remotely and the surging deployment of big data that can efficiently analyse a large amount of data.

 

Market Analysis

Based on solution, the market is categorised into hardware, software, and services. On the basis of system, the market is divided into engine health monitoring, structural health monitoring, and component health monitoring. Based on platform, the market is bifurcated into civil and military. The aircraft health monitoring market segmentation, on the basis of operation mode, includes real-time and non-real-time.

 

Based on technology, the market is divided into diagnostic, prognostic, adaptive control, and prescriptive. On the basis of installation, the market is segmented into on board and on ground. Based on end user, the market is categorised into OEM, MRO, and airlines. The major regional markets of aircraft health monitoring are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the aircraft health monitoring market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • 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

 

Market Share by Technology

Prognostic occupies a significant portion of the aircraft health monitoring market share owing to the usage of predictive analytics and algorithms in this technology to detect any upcoming faults in components. It monitors potential issues in circuits, devices, equipment, and systems of aircraft and suggests required maintenance and optimisation to reduce the risk of system failure during flight. Furthermore, its ability to anticipate failures and issues before their actual occurrence saves maintenance and repair costs, resources, and flight delays and disruptions.

 

Market Share by Region

As per the aircraft health monitoring market analysis, the Asia Pacific accounts for a substantial share of the global market due to a rise in passenger traffic, leading to an increased manufacturing of aircraft. Furthermore, research and development efforts by regional players to enhance the performance of aircraft  monitoring systems propel the market demand.

 

The expansion of maintenance and repair facilities in the region to reduce inspection time and facilitate the smooth functioning of aircraft also supports the market growth. Further, regulatory measures introduced by governments to ensure passenger safety during flights provide lucrative aircraft health monitoring market growth opportunities.

 

Competitive Landscape

Honeywell International Inc. is a technology company, founded in 1906, and headquartered in North Carolina, the United States. The company provides aerospace, automation and productivity, advanced sensing technology, and safety products, among others.

 

RTX Corporation, established in 1920, is an aerospace and defence company, with its headquarters in Virginia, the United States. The company manufactures commercial and military aircraft engines, distribution systems, and flight systems, among others.

 

The Boeing Company, incorporated in 1916 and based in Virginia, the United States, is an aerospace company. It provides aeroplanes, rockets, satellites, telecommunications, and defence products, among others.

 

Other aircraft health monitoring market players include Airbus SAS, General Electric Company, Teledyne Technologies Incorporated, Meggitt PLC, Rolls-Royce PLC, Safran, and FLYHT Aerospace Solutions Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Solution
  • System
  • Platform
  • Operation Mode
  • Technology
  • Installation
  • End User
  • Region
Breakup by Solution
  • Hardware
  • Software
  • Services
Breakup by System
  • Engine Health Monitoring
  • Structural Health Monitoring
  • Component Health Monitoring
Breakup by Platform
  • Civil
  • Military
Breakup by Operation Mode
  • Real Time
  • Non-Real Time
Breakup by Technology
  • Diagnostic
  • Prognostic
  • Adaptive Control
  • Prescriptive
Breakup by Installation
  • On Board
  • On Ground
Breakup by End User
  • OEM
  • MRO
  • Airlines
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    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

Key Questions Answered in the Report

What was the aircraft health monitoring market value in 2023?

In 2023, the market reached an approximate value of USD 5.33 billion.

What is the growth rate of the aircraft health monitoring market?

The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.

What is the forecast outlook of the aircraft health monitoring market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 10.05 billion by 2032.

What are the major market drivers?

The major market drivers are growth of the aviation sector and growing demand for enhancing the safety and operational efficiency of aircraft.

What are the key trends of the market?

The key trends of the market include growing demand for advanced aircraft monitoring systems, adoption of electric aircraft, and technological advancements to improve the performance efficiency of aircraft.

What are the major regional markets for aircraft health monitoring, according to the report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the various solutions of aircraft health monitoring?

Various solutions are hardware, software, and services.

Who are the key market players, according to the aircraft health monitoring market report?

The key players in the market are Honeywell International Inc., RTX Corporation, The Boeing Company, Airbus SAS, General Electric Company, Teledyne Technologies Incorporated, Meggitt PLC, Rolls-Royce PLC, Safran, and FLYHT Aerospace Solutions Ltd., among others.

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Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

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We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

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We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

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