Aircraft Health Monitoring Market
![[199 Pages Report] Aircraft Health Monitoring System Market analysis & forecast report categorizes global by Aircraft Type (Commercial, Business, Rotary, Military), Operation Time (Real-Time, Non-Real-Time), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), Solution, and Region](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAgueXTQ-455B6WeY2Sq6pjwoqvRFRiBxzLBvODgsHfxWd8gNKEFBeOFjJD8AG6cejSyo0VEaNTkmBD3M2XJzq-l2KWAD-YNaBTaSMvgnXrrBBBx7yp3qgijQZp9Lb4e6PdSPZatqqXjb4/s1600/Aircraft+Health+Monitoring+Systems+Market+.jpg "Aircraft Health Monitoring Market") |
Aircraft Health Monitoring Market |
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The Aircraft Health Monitoring (AHM) market is estimated to be USD 3.74 billion in 2018 and is projected to reach USD 5.43 billion by 2023, at a CAGR of 7.77% from 2018 to 2023. The increase in situational awareness and cost-effective maintenance and rise in connected aircraft are major factors driving the AHM market. A paradigm shift from non-destructive testing to structural health monitoring systems has led to the development of enhanced aircraft health monitoring systems. Wireless sensors to measure in-torque data, flight messengers to monitor maintenance needs and aviation analytics are evolving technologies in the AHM market
Based on installation, the AHM market has been segmented into onboard and on the ground. The onboard segment in AHM market is projected to grow at a higher CAGR during the forecast period as compared to the on the ground segment. The growth of the onboard segment can be attributed to the increasing installation of various health monitoring systems in aircraft such as sensors, flight data management systems, and communication systems.
Based on a solution, the AHM market has been segmented into hardware, software, and services. The hardware segment estimated to lead the market in terms of market size and is expected to continue its dominance over the next five years. Increased adoption of sensors, avionics systems and connected aircraft solution in an aircraft is expected to drive the hardware segment.
The AHM market is a competitive market dominated by companies such as the Airbus (Netherlands), Boeing (US), United Technologies Corporation (US), Honeywell International, Inc. (US), and General Electric (US) among others. Other prominent players include Rolls Royce (UK), Rockwell Collins (US), Safran (France), FLYHT (Canada), Curtiss-Wright (US), Esterline (US), Meggitt (UK), and SITA (Switzerland) among others.
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