The global aircraft health monitoring systems is anticipated to grow at a CAGR of nearly 5.5% during the forecast period (2021-2027). The increasing inclination of airlines toward ECM will positively increase the demand of the aircraft health monitoring system, which in turn drive the market growth during the projected forecast period. Several airliners are signing contracts with industry players for enhanced support for their fleets. For instance, in March 2020, Red Wings Airlines and Lufthansa Technik signed a six-year contract for providing support to engines such as the IAE V2500 and CFM56-5B of its Airbus fleet. This contract includes a range of services that include ECM. In March 2020, Lufthansa Technik also signed a contract with Smartavia, a Russian airline, for providing technical services to the fleet of Boeing 737 aircraft.
Browse the full report description of “Global Aircraft Health Monitoring Systems Market Size, Share & Trends Analysis Report, By End-User (OEMs, MRO, and Airlines), By Platform (Commercial Aviation, Business & General Aviation, and Military Aviation), By Installation (On board, and On Ground), By Solution (Hardware, Software, and Services), By Operation Mode (Real time, and Non-real-time), By Fit (Line fit, and Retro fit), By System (Engine health monitoring, Structural health monitoring, and Component monitoring), Forecast (2021-2027).” at https://www.omrglobal.com/industry-reports/aircraft-health-monitoring-systems-market
The market growth is also driven by the presence of major players and their contribution towards market growth. The market players in the AHMS market are include Safran S.A, Airbus S.A.S, Raytheon Technologies Corp, Honeywell international Inc, Teledyne Technologies Inc, and among others. These market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2020, in order to provide Aircraft Health Awareness System (AHAS), General Electric, a subsidiary of GE Aviation was chosen by Bell Textron Inc, a subsidiary of Textron Inc. The AHAS system is expected to be installed in the Bell 360 Invictus prototype, which is a part of the Future Attack Reconnaissance Aircraft (FARA) program of the US Army.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By End-User
o By Platform
o By Installation
o By Solution
o By Operation Mode
o By Fit
o By System
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Safran S.A, Airbus S.A.S, Raytheon Technologies Corp, Honeywell international Inc, Teledyne Technologies Inc.
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Aircraft Health Monitoring Systems Market Report Segment
By End-User
By Platform
By Installation
By Solution
By Operation
By Fit
By System
Global Aircraft Health Monitoring Systems Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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