“Commercial Aircraft Health Monitoring Systems Market set to Reach $721mn In 2018” says lead analyst at Visiongain

01 August 2018
Aviation

Visiongain has launched a new aerospace report Commercial Aircraft Health Monitoring Systems (AHMS) Market Report 2018-2028: Forecasts by Type (Wide Body, Narrow Body), By Fit (Line Fit, Retro Fit), By Integrated Vehicle Health Management (IVHM) Technology (Diagnostics, Prognostics, Condition-Based Maintenance & Adaptive Control) Plus Analysis of Advanced Data Analytics & ACMS, SHMS, GEMU, EICU, EVM & HUMS Technologies

With increasing deployment of IoT technology and growing focus of airlines towards enhanced passenger safety, this is creating new opportunities for aircraft health monitoring systems and service providers. Also, major vendors are concentrating on developing advanced health and structural monitoring systems for commercial aircraft to enable customers to perform post-flight recorded data management, diagnostic reporting, and fault notification and detection operations in real-time. Further, introduction of commercial aircraft health monitoring systems with prognosis and diagnosis capabilities is increasing, which represents transition from traditional systems that were predominantly focused towards fault detection. Advanced commercial aircraft health monitoring systems lead to reduction in maintenance cost, operational cost and time. However, high costs associated with deployment of aircraft health monitoring systems, dearth of trained professional and high complexity levels related to implementation of sensors and advanced systems in existing aircraft is hampering growth of the commercial aircraft health monitoring system market to a certain extent.

The visiongain report analyst commented "As commercial aircraft equipped with sensors and connected technologies generate a huge cache of system and structural health monitoring data, uptake of aircraft health monitoring system for predictive maintenance, inspection and repair is growing at a significant pace. Also, spending on aircraft health monitoring systems and services has increased at a considerable rate especially in emerging markets such as Asia Pacific and Middle East & Africa owing to a number of air accidents which have demanded higher security and safety measures to be adopted by airline companies to gain travellers confidence. Moreover, increasing number of air passenger traffic and expenditure on introduction of new commercial aircraft particularly in major Asian countries such as India and China is anticipated to fuel growth of the commercial aircraft health monitoring system market over the forecast period."

Leading companies featured in the report who are offering commercial aircraft health monitoring systems include Airbus Group, Boeing Company, FLYHT Aerospace Solutions Ltd., Honeywell International Inc., Rockwell Collins Inc., United Technologies Corporation, Ultra Electronics Holdings PLC, RSL Electronics Ltd., Meggitt PLC, and GE Company.

Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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