MRO Magazine

Aircraft Health Monitoring System Market Analysis – Forecast (2015 – 2021) – Leading Companies are Airbus, Boeing, UTC, General Electric Aviation & Honeywell Aerospace – Research and Markets


January 20, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/6w53tj/aircraft_health) has announced the addition of the “Aircraft Health Monitoring System Market Analysis: By Type; By IVHM Technology; By Subsystem; By Application – Forecast (2015 – 2021)” report to their offering.

The aircraft health monitoring market is estimated to be around $2.3 billion in 2015 and is growing at a CAGR of 7.5% during the forecast period through 2021. The increasing demand for aircraft safety along with the improved functionality of aircraft health monitoring systems is driving the adoption. This market is largely dependent on the aircraft market which is growing at a slow rate of 4.6% according to Airbus.

The ageing aircraft will result in growth of the aircraft market in the next few years as companies look to update to modern aircraft with advanced assistance systems including aircraft health monitoring systems. There have also been a growing number of systems with prognosis and diagnosis capabilities being launched.

This represents a shift from early systems which were purely for fault detection. The reduced maintenance time and costs developed from these systems will also result in the low cost airlines looking at aircraft health monitoring systems in order to reduce turnaround time.

Americas currently accounts for the largest market followed by Europe. The retro fit market for aircraft health monitoring systems will be driven by wide body commercial airliners, particularly in North America, due to the significant maintenance cost and time required for these aircraft.

Companies Mentioned:

  • Boeing International
  • Airbus Group
  • United Technologies Corporation
  • Bombardier Inc
  • General Electric
  • Rolls Royce Holdings
  • Honeywell Inc
  • Safran (Sagem)
  • Embraer SA
  • Gulfstream Technology
  • BAE Systems
  • Ultra Electronics Holdings
  • Rockwell Collins
  • Meggitt PLC
  • RSL Electronics Inc

Key Topics Covered:

1. Market Overview

2. Executive Summary

3. Market Landscape

4. Market Forces

5. Strategic Analysis

6. By Aircraft Type

7. By Integrated Vehicle Health Management (IVHM) Technology Type

8. By Application

9. By Subsystem

10. Geographic Analysis

11. Market Entropy

12. Company Profiles

13. Appendix

For more information visit http://www.researchandmarkets.com/research/6w53tj/aircraft_health

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Avionics