Aircraft Health Monitoring Systems Market

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MarketsandMarkets Presents
Commercial Aircraft Health Monitoring Systems
Market worth 3,337.67 Million by 2020
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rcraft-health-monitoring-systems-market-954.html
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According to a new market research report,
"Commercial Aircraft Health Monitoring Systems
Market by Aircraft Type (VLA, WBA, NBA, RTA,
Rotary-Wing Aircraft), IVHM Technology
(Prognostics, Diagnostics, CBM Adaptive
Control), Sub-System (Aeropropulsion,
Aerostructures, Avionics, Ancillary), by
Geography (North America, Europe, APAC, Row)
Global Forecasts Analysis (2014-2020)" ,
published by MarketsandMarkets, the global
commercial aircraft health monitoring systems
market is estimated to be at 2,253.01 Million in
2014 and is expected to reach 3,337.67 Million
by 2020, to register a CAGR of 6.77.
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aircraft-health-monitoring-systems-market-954.html
Browse 92 Market Data Tables 70 Figures 225
Pages Early buyers will receive 10 customization
on this report.
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rcraft-health-monitoring-systems-market-954.html
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Aircraft health monitoring systems (AHMS) help to
effectively assess actual damage events, in
real-time. The structural health monitoring of an
aircraft is a mature concept and is one of the
key enabling technologies used to ensure the
integrity of an aircraft. The implementation of
the AHMS is expected to revolutionize the
current, design practices and processes.
Commercial aviation organizations invest in
technological assets to deliver a certain type of
capability and expect to make effective use of
them, as per their requirements. Moreover, they
are constantly seeking ways to reduce and
minimize operational costs such as unscheduled
aircraft maintenance to improve the efficiency of
the equipment. This report segments the
multi-function display market on the basis of
IVHM technology, sub-systems, aircraft type, and
region. Furthermore, it contains revenue
forecasts and analyses technological trends that
are predominant in this market. The geographical
analysis contains an in-depth classification
which includes the Americas, Europe, APAC, the
Middle East, and ROW, thus, encompassing the
major countries that cover the respective
markets. The sections and sub-segments in the
report would contain drivers, restraints,
opportunities, challenges, and current market
trends that are expected to revolutionize the
commercial aircraft health monitoring systems
market.
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There is a bullish trend towards the IVHM
technology adopted by the market leaders, in this
market. The single-aisle aircraft segment is
expected to witness a rapid growth, during the
forecast period. North America is expected to
witness a slight decline in the market share,
during the forecast period, due to low aircraft
deliveries, compared to other regions. China,
India, Brazil, the UAE, and Saudi Arabia are
identified as key countries for demand analysis
in this market. The engineering design models
deployed are expected to be crucial to this
market, as the efficiency of the AHMS system,
would be determined by them. Increase in aircraft
deliveries, asset utilization, and enhanced
safety are identified as the major drivers in
this market. Delays in certification clearances,
lack of expertize, long product lifecycles, and
environmental parameters are the major restraints
in this market. Installation of sensors,
standardization, data bus limitations, and
keeping the system responsive are the major
challenges, the market needs to address, during
the forecast period. The key challenge resides in
finding an appropriate combination of diagnostic
and prognostic tools which can fulfill the
requirements of aircraft operators. A combination
of passive and active systems with redundancy may
exacerbate some of the challenges faced by this
market. Considerable investment and the fact that
a lot of tools deployed for the AHMS are still,
in RD phase may present a substantial risk, for
the investors in this market.
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The aircraft health monitoring systems market
presents an opportunity for the airline industry
to reduce operating costs by ensuring safety for
its customers. Manufacturers need to seize this
opportunity to reap the potential benefits. The
market is expected to witness advances, in the
methods of monitoring such as vibration based
monitoring, monitoring through fiber-optic
sensors, and wave propagation methods. The
market has become quite competitive with the
presence of key players such as Boeing, Airbus,
Rolls Royce, United Technologies (Pratt
Whitney), Honeywell International, and Meggitt.
Emerging players in this market such as Ultra
Electronics Holdings, RSL Electronics, and
Accellent technologies have consolidated their
product offerings in this market.  A competitive
landscape with respect to the aforementioned
players and their market share has also been
provided in the report. The AHMS will
undoubtedly be beneficial from an economic
perspective. The stakeholders of this market are
looking to venture towards smart aircraft
structures. Technological advancement in this
market is an iterative process and advances in
this field would certainly help the AHMS market
grow, during the forecast period.
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