The global aircraft health monitoring system market was valued at $3,580.02 million in 2020, and is projected to reach $7,273.84 million by 2030, growing at a CAGR of 7.65% from 2021 to 2030.
An aircraft health monitoring system (AHMS) is a software and hardware system that includes, sensors and other highly networked processing units for remote monitoring of airplane data to assess its future or current serviceability and performance. These systems are also known as aircraft condition monitoring systems (ACMS). An aircraft health monitoring system (AHMS) is directly related to the airline industry’s maintenance, repair, and overhaul (MRO) segment. The use of an AHMS decreases maintenance and operational costs while also improving an aircraft’s overall safety.
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Companies covered in this report study:
- Airbus
- Flyht Aerospace Solutions Ltd.
- General Electric
- Honeywell International Inc.
- Meggitt PLC
- Raytheon Technologies Corporation
- Rolls-Royce PLC
- RSL Electronics Ltd
- Teledyne Controls LLC
- The Boeing Company
Increase in demand for real-time problem management, custom alerting & analysis solutions, and rise in demand for performance monitoring drive the growth of the aircraft health monitoring system market. Furthermore, rise in aerospace IT investment in emerging economies and technical improvements for workflow optimization, increase the demand for advanced analytical systems, thus driving market growth.
However, lack of qualified specialists is projected to stifle future expansion. On the contrary, increase in application areas for aircraft integrated vehicle health management (IVHM) is likely to open up attractive opportunities for the aircraft health monitoring system market.
The aircraft health monitoring system market is segmented on the basis of type, solution, end user, aircraft type and region. By type, the market is categorized into commercial aviation and military aviation. On the basis of solution, the market is divided into hardware, software, and services. On the basis of end user, the market is divided into OEMs, MRO, and airlines. On the basis of aircraft type, it is categorized into fixed wing aircraft and helicopter. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
The primary role of aviation maintenance is to prevent the diminished levels of original aircraft airworthiness, reliability design, and safety at minimal cost, which is of great significance to air transport enterprises. The development of the aviation industry in recent years has increased the complexity of aviation maintenance. Increase in use of aircraft for traveling and defense purposes generates the need for advanced maintenance systems, which gives rise to the demand for decision support systems. There are three types of decision support systems:
Key Market Segments
- By Type
- Commercial Aviation
- Military Aviation
- By Solution
- Hardware
- Software
- Services
- By End User
- Oems
- Mro
- Airlines
- By Aircraft Type
- Fixed Wing Aircraft
- Helicopter
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- North America
Real-Time Fault Management – With the use of this system, when the airplane is still enroute, in-flight faults are communicated to the airline operation center and OEM (Original Equipment manufacturers) operations center for diagnosis. This allows aircraft operators to make real-time operational decisions about maintenance.
Performance Measurement – AHM analyzes airplane performance facts to support airplane fuel efficiency initiatives and optimizes flight planning. This system includes prioritized information related to fuel efficiency, emission level, and other factors related to operational performance.
Moreover, the need for passenger satisfaction and safety has initiated the need for advanced infrastructure development in the aviation industry. Also, rise in defense budgets and increase in R&D for defense aircraft, increase the complexity of aircraft, and therefore generate more complexity in maintenance services. Many airlines companies have started adopting aircraft health monitoring systems to provide maintenance services, for which advanced techniques, such as real-time fault management are required. For instance, In November 2021, SAUDIA signed an agreement with The Boeing Company. Under this agreement, SAUDIA is expected to utilize Boeing’s Optimized Maintenance Program (OMP), and Airplane Health Management (AHM) digital solution. In October 2021, Scandinavian Airlines signed a contract with Airbus. Under this contract, Scandinavian Airlines selected Airbus’ Skywise Health Monitoring (SHM) digital solution for the fleet. These adoptions of aircraft health monitoring systems fuel the growth of the aircraft health monitoring system market.
New developments in aircraft health monitoring systems have generated complex systems. With the aircraft health monitoring system market being in the growth stage of the product life cycle, there exists a lack of trained professionals that limits end users to invest in advanced solutions and services. However, with increase in use of advanced aircraft health monitoring systems and rise in awareness about aircraft health monitoring systems, the impact of this factor is projected to decrease in near future, due to the availability of trained professionals.
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