Global Commercial Aircraft Health Monitoring Systems Market by IVHM Technology (Prognostic, Diagnostic, CBM & Adaptive Control), Sub-System (Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System), Fit (Line fit and Retro fit), and by Region- Forecast To 2021
Market Synopsis of Global Commercial Aircraft Health Monitoring Systems Market
The Global Commercial Aircraft Health Monitoring Systems Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are the advantages of structural health monitoring, need for aircraft real-time damage detection, growing trend towards more electric aircraft, rising demand for automation, growth in situational awareness to drive operations, reducing unscheduled maintenance & increasing asset utilization, and cost effective maintenance.
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As per the MRFR analysis, challenges associated with SHM sensors to integrate into aero structure, and certification clearances are the restrains affecting the market growth.
Development of fiber optics sensor for real time data analysis and R&D spending on health monitoring systems are the emerging trends in the market.
Some of the key players in the Global Commercial Aircraft Health Monitoring Systems Market are Airbus, Boeing, GE Aviation, Rockwell Collins, United Technologies, Accellent Technologies, BeanAir, Meggitt, RSL Electronics, Rolls-Royce Holdings, and Ultra Electronics Holdings.
The market report for Global Commercial Aircraft Health Monitoring Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Global Commercial Aircraft Health Monitoring Systems Market – Segmentation
The Global Commercial Aircraft Health Monitoring Systems Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by IVHM Technology : Comprises Prognostic, Diagnostic, CBM and Adaptive Control
Segmentation by Sub-System : Comprises Aero-Propulsion, Aircraft Structure, Avionics and Ancillary System
Segmentation by Fit : Comprises Line fit and Retro fit
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Commercial Aircraft Health Monitoring Systems Market: Regional Analysis
European market is dominating the market of global commercial aircraft health monitoring systems market due to growth in number of passengers and aircraft movements. Major aviation markets such as the UK and Germany have witnessed growth in the number of passengers and aircraft movements. The market in the European market is largely driven by passenger traffic in in major airports such as Heathrow and Frankfurt, which helps in growth of global commercial aircraft health monitoring systems.
Asia Pacific region is referred to as the second-largest commercial aircraft health monitoring systems due to factors such as growth in global air passenger traffic have fuelled the demand for commercial aircraft health monitoring systems in the country.
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