FLIGHT DATA MONITORING & ANALYSIS MARKET ANALYSIS | CMI

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FLIGHT DATA MONITORING ANALYSIS MARKET ANALYSIS

• Flight Data Monitoring and Analysis Market, By
  Aircraft Type (Fixed Wing and Rotary Wing) by
  End-use Vertical (Civil (Commercial Aviation and
  General Aviation) and Military), and by Region
  (North America, Europe, Asia Pacific, and Latin
  America, Middle East Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2019 2027
• The global flight data monitoring and analysis
  market is estimated to account for US 881.31 Mn
  in 2019 and is expected to grow at a CAGR of 10.4
  over the forecasted period 2020-27.

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Market Dynamics- Drivers

• Increasing adoption of FDMA as an integral part
  of safety management system is expected to drive
  growth of the global Flight Data Monitoring and
  Analysis Market during the forecast period
• Flight data monitoring and analysis has become a
  voluntary safety program intended to increase the
  aviation safety through proactive flight-recorded
  statistics. This program allows airlines to
  collect selective digital data from flight data
  recorders, which is installed on their airplanes.
  Thereafter, this data is used to identify
  particular events, which is called systematic
  management system (SMS). The SMS establishes a
  baseline safety margin and computes deviations
  from standards and risk areas. Moreover, if any
  potential risk trend is identified, a proper risk
  management plan is implemented and its
  effectiveness is monitored until the trend
  normalizes. According to the Flight Safety
  Foundation, predefined exceedances of selected
  parameters for corporate business jets decreased
  rapidly between 2006 and 2011, owing to flight
  data monitoring and analysis solutions. In 2010
  and 2011, flight operation event rates were below
  10 for 100 flights. Hence, these factors are
  expected to support growth of the market in the
  near future.

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• Strict mandatory regulations by national aviation
  authorities are expected to propel the global
  flight data monitoring and analysis market growth
  over the forecast period
• Different aviation authorities regulate accident
  prevention and flight safety programs including
  International Civil Aviation Organization (ICAO),
  the U.K. Civil Aviation Authority (the U.K. CAA),
  Federal Aviation Administration (FAA), and
  European Aviation Safety Agency (EASA). These
  authorities have mandated the use of Flight
  Operations Quality Assurance (FOQA) as a
  voluntary safety initiative in majority of
  countries (except the U.S.). According to ICAO
  and EASA, an airplane that has the maximum
  certified take-off weight of more than 27,000
  kilogram must implement FOQA solutions as a part
  of its accident prevention and flight safety
  program. Moreover, according to a report by the
  Civil Aviation Authority in 2013, ICAO had
  recommended FDM for aircraft weighing 20 tons and
  helicopters weighing more than 7 ton. Therefore,
  these factors are expected to propel the global
  flight data monitoring and analysis market growth
  over the forecast period.

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• North America region dominated the global flight
  data monitoring and analysis market in 2019,
  accounting for 66.8 share in terms of value,
  followed by Europe and Asia Pacific,
  respectively.

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Market Restraint

• Concerns regarding data accessibility and misuse
  are expected to restrain growth of the global
  flight data monitoring and analysis market during
  the forecast period
• Although FQQA maintains the confidentiality of
  the data by protecting it from unauthorized
  access or any illicit use, many airline operators
  are still uncertain about sharing or submitting
  information to the aviation authorities. There
  are two major reasons namely concerns believing
  that regulatory authority might use the FQQA data
  for disciplinary action against the reporter. The
  other reason is that all the information
  associated with FQQA would be available to the
  general public under the Freedom of Information
  Act (FOIA). According to a report by the
  Government Accountability Office (GAO) in 2010, a
  majority of scheduled air carriers are operated
  by airlines that implement FAA-approved FOQA
  programs. However, only 17 of the smaller
  carriers implement FOQA solutions. According to
  the report, this is primarily due to pilots
  concerns that the data can be misused.
• Lack of expertise in some companies is expected
  to hinder the global flight monitoring and
  analysis market growth over the forecast period
• Many airline companies do not have in-house
  expertise related to flight data monitoring and
  analysis. Since skilled personnel is required for
  proper monitoring and analysis of flight data,
  many small or medium-sized remain inefficient in
  FDMA. Thus, these factors are expected to hinder
  the global flight data monitoring and analysis
  market growth in the near future.

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Market Opportunity

• Implementation of wireless technology for
  aircraft maintenance solutions can present
  lucrative growth opportunities
• Many aviation authorities such as EASA, ICAO,
  FAA, and the U.K. CAA are supporting the
  implementation of FQQA programs, in order to
  enhance overall safety and maintenance of
  aircraft operations. Wireless technologies that
  have a central server onboard and can be
  downloaded using tablets or other mobile devices
  are increasingly used for flight data monitoring
  and analysis solutions. Moreover, data-enabled
  flight decks offer significant consistency to a
  back-office assessment of the FQQA information,
  which in turn, provides higher cost-efficiency
  and productivity. Through wireless technologies,
  the maintenance data is transmitted to operators
  in line, which in turn, allows prompt repair
  services. As a result of this, dispatch
  reliability is ensured and unplanned
  aircraft-on-ground issues are reduced. According
  to the Safety Conference held by ICAO in 2015,
  China has built FOQA wireless base stations to
  enhance data-driven safety management and
  increase the number of airline operators that
  implement FOQA solutions.

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• Increasing demand for real-time analytics in the
  aviation industry can provide major business
  opportunities
• Real-time analytics can prove to be beneficial
  for airline companies since it can offer the
  latest insights regarding safety and maintenance.
  Many companies are focused on providing real-time
  analytics, in order to enhance the market
  presence and gain a competitive edge in the
  market.

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• In global flight data monitoring and analysis
  market, by aircraft type segment fixed wing
  sub-segment dominated the global flight data
  monitoring and analysis market in 2019,
  accounting for 89.6 share in terms of value,
  followed by rotary wing.

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Market Trends

• Enhancing fuel efficiency in commercial air
  transport with FDM
• Apart from enhanced safety and maintenance, FDM
  can help in monitoring fuel consumption for
  improved flight efficiency, which in turn,
  reduces maintenance cost. Since fuel prices have
  reached over US 8.0/gallon in the recent past,
  fuel efficiency has become an important factor
  for airlines. According to a report by the
  International Helicopter Safety Team in 2007, FDM
  solutions improve long-term engine performance
  and fuel economy. Moreover, according to the
  report in 2016 by General Aviation Joint Steering
  Committee (GAJSC), the considerable number of
  general aviation power failures occur due to
  inadequate engine maintenance and therefore
  flight data monitoring is being used to forecast
  system issues prior to their point of failure.
• Rising safety awareness in general aviation
• According to the National Transportation Safety
  Board (NTSB), general aviation has the highest
  accident rate every year within civil aviation.
  In majority of cases, improper pilot training to
  fly safely, weather conditions, and the pilots
  incorrect decisions are reasons for the
  accidents. According to a factsheet in 2016 by
  FAA, FAA and the airline industry is working
  together to develop safety strategies and reduce
  number of fatalities in general aviation through
  FDM solutions.

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• Regulations
• Joint Aviation Authorities (JAA) and EASA
• The Joint Aviation Authorities (JAA) is an allied
  body of the European Civil Aviation Conference
  (ECAC) that signifies the civil aviation
  regulatory authorities of a number of European
  States
• JAA/EASA has indicated that ICAO standards will
  be followed through an amendment of JAR-OPS 1 in
  Europe
• Competitive Section
• Major companies involved in the global flight
  data monitoring and analysis market are Flight
  Data Services Ltd, Safran Electronics Defense,
  Scaled Analytics Inc., NeST Aerospace Pvt Ltd,
  FlightDataPeople, Aerobytes Ltd, Helinalysis Ltd,
  Curtiss-Wright Corporation, French Flight Safety,
  Teledyne Controls LLC, Guardian Mobility
  Corporation, Metro Aviation, and Hi-Fly Marketing.

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Key Developments

• Key companies in the market are focused on
  product and service launches, in order to enhance
  product portfolio. For instance, in 2017,
  Teledyne Controls LLC introduced new hosted
  Flight Data Analysis (FDA) services for improved
  operational efficiency and security.
• Major market players are involved in merger and
  acquisition activities, in order to gain a
  competitive advantage in the market. For
  instance, in January 2017, Curtiss-Wright
  Corporation acquired Teletronics Technology
  Corporation, a leading manufacturer of
  comprehensive flight test instrumentation systems
  for critical aerospace and defense applications.

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