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Aircraft Health Monitoring Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Aircraft Health Monitoring Systems Market is Segmented by End User (Commercial and Military), Subsystem (Aero-propulsion, Avionics, Ancillary Systems, and Aircraft Structures), Integrated Vehicle Health Management (IVHM) Systems (Diagnostics, Prognostics, and Condition-based Maintenance and Adaptive Control), and Geography.

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Market Snapshot

aircraft health monitoring system market overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %
aircraft health monitoring system market major players

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Market Overview

The aircraft health monitoring systems market is anticipated to register a CAGR of more than 6% during the forecast period.

  • Increased need to improve the safety, performance, and operational efficiency of the aircraft and the rise in demand for real-time aircraft data monitoring systems are the main driving factors for the market.
  • An increase in the adoption of connected aircraft solutions is another major factor helping the growth of the aircraft health monitoring systems market.
  • Another factor affecting the adoption of advanced aircraft health monitoring systems is the need to reduce MRO costs. Continuous monitoring of aircraft systems prevents immediate requirements or replacements of parts and components.

Scope of the Report

The market study includes both hardware and software solutions. Furthermore, the study includes the following aspects:

End User
Commercial
Military
Subsystem
Aero-propulsion
Avionics
Ancillary Systems
Aircraft Structures
Integrated Vehicle Health Management (IVHM) Systems
Diagnostics
Prognostics
Condition-based Maintenance and Adaptive Control
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Qatar
Egypt
Rest of Middle-East and Africa

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Key Market Trends

The Commercial Segment is Expected to Dominate the Market

Currently, the commercial segment has the highest market share in the aircraft health monitoring systems market. This increase in share is due to the increasing aircraft deliveries in the past few years. With the growing aircraft fleet and destinations of the airlines, the airlines are proportionally making investments in a real-time health monitoring system that will help them reduce the MRO costs, by reducing inspection times. Approximately 30% of the total delay times are due to the incurrence of unplanned maintenance. To avoid these delays, the airlines, in partnership with MRO providers, are replacing the traditional inspection procedures, such as general and detailed visual inspections, as well as non-destructive inspections, such as x-rays. Continuous monitoring of parts may result in eliminating time-consuming steps, like dismantling process to gain access to the inspection areas. The constant R&D in the development of new health monitoring systems with advanced technology and sensors is anticipated to support the growth of the segment during the forecast period.

aircraft health monitoring system market trends

Asia-Pacific is Anticipated to be the Largest Market

As of 2019, Asia-Pacific was the largest market in the aircraft health monitoring systems market. The region is also expected to continue its dominance in the market in the years to come. The Asia-Pacific region is now experiencing a surge in passenger traffic, and the airlines in the region are procuring many commercial aircraft every year. In particular, China and India, two of the largest aviation markets in the world, are purchasing commercial aircraft on a large scale. Even in the defense sector, procurement of new generation aircraft is in progress in many countries in the Asia-Pacific region, thereby indicating a massive potential for the aircraft health monitoring systems market in the coming years.

aircraft health monitoring system market share

Competitive Landscape

Airbus SE, The Boeing Company, United Technologies Corporation, Honeywell International Inc., and General Electric are some of the major players in the market. Although the health management systems are produced by the engine manufacturers and the MRO providers, aircraft OEMs, like Airbus and Boeing, are offering their health monitoring solutions to drive the aftermarket revenues. Players may make use of emerging technologies, like smart sensors, in designing new types of aircraft health monitoring systems, and thereby increase their market share by attracting new customers. Product innovation and investment in R&D may play a vital role in the success of the new and existing players in this market in the coming years. For product innovations, various stakeholders (MRO providers, aircraft OEMs, technology providers, and airlines) in the market are collaborating to develop and manufacture new AHM and predictive maintenance solutions. Some of such partnerships are formed between Bombardier and Tech Mahindra, and Airbus and Delta Air Lines.

Airbus SE The Boeing Company Collins Aerospace (United Technologies Corporation) Honeywell International Inc. GE Aviation

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 End User

      1. 5.1.1 Commercial

      2. 5.1.2 Military

    2. 5.2 Subsystem

      1. 5.2.1 Aero-propulsion

      2. 5.2.2 Avionics

      3. 5.2.3 Ancillary Systems

      4. 5.2.4 Aircraft Structures

    3. 5.3 Integrated Vehicle Health Management (IVHM) Systems

      1. 5.3.1 Diagnostics

      2. 5.3.2 Prognostics

      3. 5.3.3 Condition-based Maintenance and Adaptive Control

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Mexico

        2. 5.4.4.2 Brazil

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Qatar

        4. 5.4.5.4 Egypt

        5. 5.4.5.5 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Airbus SE

      2. 6.2.2 The Boeing Company

      3. 6.2.3 GE Aviation

      4. 6.2.4 Collins Aerospace (United Technologies Corporation)

      5. 6.2.5 Honeywell International Inc.

      6. 6.2.6 Meggitt PLC

      7. 6.2.7 Rolls-Royce

      8. 6.2.8 FLYHT Aerospace Solutions Ltd

      9. 6.2.9 Curtiss-Wright Corporation

      10. 6.2.10 Safran

      11. 6.2.11 Esterline Technologies Corpoartion

      12. 6.2.12 Ultra Electronics Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Aircraft Health Monitoring Systems Market market is studied from 2018 - 2026.

The Aircraft Health Monitoring Systems Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Airbus SE, The Boeing Company, Collins Aerospace (United Technologies Corporation), Honeywell International Inc., GE Aviation are the major companies operating in Aircraft Health Monitoring Systems Market.

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