The Business Research Company’s Aircraft Health Monitoring System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Aircraft Health Monitoring System Global Market Report 2023 evaluates aircraft health monitoring system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global aircraft health monitoring system market is expected to grow from $4.29 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft health monitoring system market is expected to reach $6.41 billion in 2027 at a CAGR of 8.1%.
The increasing incidence of aircraft accidents is expected to propel the growth of the aircraft health monitoring system market going forward. An aircraft accident is any incident involving an aircraft that causes harm or damage to the aircraft or any person, property, or item. Aircraft health monitoring systems (AHMS) identify defects and abnormalities in vital systems in real-time, enabling preventive maintenance and averting in-flight breakdowns that might lead to accidents. For instance, in March 2023, according to the International Air Transport Association (IATA), a Canada-based association for inter-airline cooperation, approximately 39 flight accidents occurred in 2022 as compared to 29 in the year 2021, with an average of 43 accidents between 2018 and 2022. Therefore, the increasing incidence of aircraft accidents drives the market for aircraft health monitoring systems.
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The aircraft health monitoring system market segments in the report are:
1) By System: Engine Health Monitoring, Structural Health Monitoring, Component Health Monitoring
2) By Subsystem: Aero-propulsion, Avionics, Ancillary Systems, Aircraft Structures
3) By Installation: On Board, On Ground
4) By Technology: Prognostics System, Diagnostics System, Detection System, Adaptive Control, Other Technologies
5) By End User: Commercial, Military
The table of contents in TBRC’s aircraft health monitoring system market report includes:
1. Executive Summary
2. Aircraft Health Monitoring System Market Characteristics
3. Aircraft Health Monitoring System Market Trends And Strategies
4. Aircraft Health Monitoring System Market – Macro Economic Scenario
5. Aircraft Health Monitoring System Market Segmentation
…
32. Global Aircraft Health Monitoring System Market Competitive Benchmarking
33. Global Aircraft Health Monitoring System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Health Monitoring System Market
35. Aircraft Health Monitoring System Market Future Outlook and Potential Analysis
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