Published On : 17 Oct 2016
QYResearchReports.com has announced the addition of a new market intelligence report, titled “Global Aircraft Health Monitoring System Sales Market Report 2021,” to its offerings. The report offers insights into the factors impacting the growth of the market. It uses historical data and the current market scenario to project the expected future trends of the global aircraft health monitoring market.
The increasing aircraft orders and deliveries is driving the need for cost effective maintenance and short mission cycle time, which in turn is boosting the uptake of aircraft health monitoring systems. Moreover, the increasing volume of data generated to analyze the aviation industry, reducing unscheduled maintenance, and rising asset utilization are fuelling the global aircraft health monitoring system market. Furthermore, the flourishing travel and tourism sector worldwide is resulting in an increase in aviation passenger traffic and is consequently proving to be a shot in the arm for the market.
On the flip side, the shortage of personnel with adequate technical knowledge is adversely affecting the growth of the global aircraft health monitoring systems market. Moreover, stringent regulations and technical shortcomings of data bus are hampering the growth of the market. However, the increasing demand for single-aisle aircraft and the growing usage of wireless sensors is likely to open up new avenues for the manufacturers in the market.
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Some of the types of aircraft are rotary wings, business jets, regional transport aircraft, very large aircraft, wide body aircraft, and narrow body aircraft. An aircraft health monitoring system is used in carrying out complex monitoring of different parts of an aircraft before, during, and after each run. These systems use aircraft structure, ancillary system, and aero propulsion system as their sub-systems. By fit, the market can be segmented into line fit and retro fit.
On the basis of region, the market is segmented into China, Europe, India, Japan, North America, and South East Asia. Each region is analyzed based on revenue, sales, market share, and growth rate. The Europe market for aircraft health monitoring systems is expected to witness robust growth owing to passenger traffic growth, increasing aircraft deliveries, and rising demand for safe aircraft. Moreover, with the increasing demand for commercial aircraft in India and China, many companies are investing in these regions, thereby fuelling their growth.
The report focuses on top players in the global aircraft health monitoring system market and studies their sales, revenue, and market share across each region to provide an extensive understanding. Some of the key players mentioned in the report are Airbus SAS, GE Aviation, Eaton Corp., Lufthansa Technik, Mitsubishi Heavy Industries, Rolls Royce Group, and Rockwell Collins.