“Flight Data Monitoring Systems market to grow at a lucrative rate over the forecast period”, says Visiongain
24 October 2019
Visiongain has launched a new Aerospace report Flight Data Monitoring Systems Market Report 2019-2029 Forecasts by Component (FDM Service, FDM System, and FDM Software), by End User (Fleet Operators, Drone Operators, Investigation Agencies, and FDM Service Providers), by Solution Type (On Board and On Ground) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Flight Data Monitoring Systems market is expected to grow at a lucrative rate during the forecast period. Flight Data Monitoring is the process of recording and analysing data of the flight. The data generated can be used for effective decision making to improve both safety and efficiency of flight. According to FAA, data generating from flight data monitoring programs have reduced significant number of accidents and incidents. Due to this, the airline operators are constantly developing advanced technologies in flight and land for effective decision making. The FDM process is now a mandate for airline operators in U.S and Europe region. Flight Data Monitoring is primarily a part of FOQA (Flight Operations Quality Assurance) and MOQA (Maintenance Operations Quality Assurance).
Technological advancements in data collection capabilities and analytics is driving the growth of the global flight data monitoring system market. Further, increase focused towards safety and flight efficiency programs are also generating the demand for flight data monitoring systems. Companies operating in flight data monitoring system market must work closely with airline companies or aircraft operators to help them create an effective FDM implementation strategy. In this way, FDM system operators can maximize their market share and increase their contract winning ratio.
Some of the major players operating in the global Flight Data Monitoring Systems market are Curtiss-Wright, Flyht, Safran Electronics & Defense, Skytrac, Teledyne Controls, Flight Data Services, Flight Data Systems, Flightdatapeople, Guardian Mobility, and Scaled Analytics. These companies are increasingly focusing on research and development activities so as to gain competitive advantage. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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