According
to the new market research report "Flight Data Monitoring Market by Solution
Type (On Board, On Ground), Component (FDM Service, FDM System, FDM Software),
End User (Fleet Operators, Drone Operators, FDM Service Providers,
Investigation Agencies), Region - Global Forecast to 2022", The flight
data monitoring market is projected to grow from USD 3.71 Billion in 2017 to
USD 5.34 Billion by 2022, at a CAGR of 7.55% from 2017 to 2022.
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83 Tables and 45 Figures spread through 143 Pages and in-depth TOC
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Monitoring Market"
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The
growth of the aerospace industry has increased safety concerns due to number
air accidents that have taken place in the past few years. This increase in the
number of commercial flights implies that techniques and procedures used
in-flight data monitoring match the referred growth, being necessary to update
and improve this type of procedures to reduce the possibility of an incident.
The
flight data monitoring market ecosystem comprises flight data software, system,
and service providers, such as Curtiss Wright (US), Teledyne Controls LLC (US),
Safran Electronics & Defense (US), Guardian Mobility (US), Flight Data
Services Ltd. (US), and Scaled Analytics Inc. (US).
Target
Audience for this Report:
- Private Aircraft Operators
- UAV Operators
- Aviation Industry
- Technology Support Providers
- Aircraft Data Analysis Service
Providers
- Scientific Research Centers
across Regions
Based
on solution type, the on ground segment is projected to lead the flight data monitoring
market during the forecast period.
Based
on solution type, the on ground segment is expected to lead the
flight data monitoring market during the forecast period. An aircraft operator
uses a range of on ground (off the flight) Flight Data Services flight data
analysis incorporating Flight Data Monitoring (FDM) and Flight Operations
Quality Assurance (FOQA). These services provide a full analysis of day to day
flight operations to aircraft operators. By selecting ground (off the flight)
Flight Data Services to monitor the aircraft, maintenance and safety events can
be identified and addressed without delay, minimizing risk and Aircraft on
Ground (AOG) time while ensuring adherence to aviation regulatory norms.
Based
on component, the FDM service segment of the flight data monitoring market is
projected to witness the highest growth during the forecast period.
Based
on component, the flight data monitoring market has been segmented into FDM
service, FDM system, and FDM software. The service segment has been further
divided into flight data analysis service, Flight Operations Quality Assurance
(FOQA), helicopter FDM, FDR readouts, training and simulation, inspection,
maintenance monitoring, condition monitoring, and FDM consulting. The FDM
service component segment is expected to account for the largest share of the
flight data monitoring market in 2017. This segment is projected to grow at the
highest CAGR during the forecast period. Flight Data Monitoring (FDM) is the
process of collecting flight data from aircraft, processing it on a computer,
and carrying out the analysis of the generated results to take necessary
actions and ensure aviation safety, which makes it an essential part of the
overall FDM process in the aviation industry.
North
American is expected to lead the flight data monitoring market during the
forecast period.
North
America is expected to lead the flight data monitoring market during the
forecast period. The increase in the disposable income of the population has
contributed to the demand for air travel, which, in turn, has led to the
increase in air passenger traffic. The rise in air passenger traffic has led to
an increase in aircraft deliveries in North America, which has further
propelled the demand for flight data monitoring in this region.
Major
companies profiled in the flight data monitoring market report are Curtiss
Wright (US), Safran (France), Teledyne Controls (US), and FYHT (Canada).
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