This market research report includes the present scenario and growth prospects of the global commercial aircraft health monitoring systems (HMS) market. The report offers a detailed segmentation of the market by key region, including the Americas, APAC, and EMEA. The key vendors analyzed in this report are Airbus, Boeing, GE Aviation, Rockwell Collins, and UTC.
Technavio’s market research analysts estimate the global commercial aircraft HMS market, to grow at a CAGR of around 8% between 2016 and 2020. Structural health monitoring (SHM) offers significant advantages to the complex designing of commercial aircrafts over the conventional damage detection techniques (e.g. NDT), and integrates health monitoring capabilities through sensors mounted on an aircraft. EMEA is the largest market for commercial aircraft health monitoring systems due to growth in the passenger traffic in the countries such as Europe.
The new market research report from Technavio provides a breakdown and analysis of the commercial aircraft HMS segments by technology.
“Implementation of fiber optic sensors (FOS) for aircraft SHM is now gaining popularity for real-time monitoring of composite structures of an aircraft. These FOS provide several benefits to the aircraft in terms of size, durability, weight, bandwidth, and immunity to electromagnetic interferences. Also, these FOS can be operated by the same system,” says Abhay Singh Lead Analyst, Aerospace & Defense, Technavio Research
Demand for aircraft real-time detections and localization methods is a major factor that is expected to drive the market. SHM system aid in early detection of aircraft damage and minimizes the need for disassembly and manual inspection. This system also determines the location, size, and type of damage, and diagnoses the health of the aircraft structure.
The leading vendors in the global commercial aircraft HMS market includes Airbus, Boeing, GE Aviation, Rockwell Collins, and UTC. Vendors in this market have been facing intense pressure because of the growing competition from major OEMs (mainly the aircraft engine OEMs) that have entered the market and provide aircraft health monitoring solutions. Furthermore, with a rise in the demand for air travel from emerging geographies such as Asia and South America, the aviation market dynamics has shifted from developed markets (mainly in North America and Europe) to the emerging markets. Therefore, vendors need to expand their market reach and adapt as per the changing market dynamics.
A more detailed analysis is available in the Technavio report, Global Commercial Aircraft HMS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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