Global Aircraft Health Monitoring Industry

Global Aircraft Health Monitoring Industry

  • April 2021 •
  • 282 pages •
  • Report ID: 2052144 •
  • Format: PDF
Abstract:
- Global Aircraft Health Monitoring Market to Reach $6.1 Billion by 2027
- Amid the COVID-19 crisis, the global market for Aircraft Health Monitoring estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$6.1 Billion by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Business segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 10% CAGR
- The Aircraft Health Monitoring market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
- Rotary Segment to Record 5.7% CAGR
- In the global Rotary segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$466.5 Million in the year 2020 will reach a projected size of US$665.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$828.9 Million by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

- Select Competitors (Total 42 Featured) -
  • Air France Industries KLM Engineering & Maintenance
  • Airbus Americas, Inc.
  • Boeing Company, The
  • Cobham PLC
  • Curtiss-Wright Corporation
  • Embraer SA
  • Esterline Technologies Corporation
  • Flight Data Services Ltd.
  • FLYHT Aerospace Solutions Ltd.
  • General Electric Company
  • Gogo LLC
  • Honeywell International, Inc.
  • Inmarsat PLC
  • Iridium Communications, Inc.
  • L3 Technologies, Inc.
  • Lufthansa Technik AG
  • Meggitt PLC
  • Panasonic Avionics Corporation
  • Safran
  • SITA
  • SKYTRAC Systems Ltd.
  • Teledyne Technologies, Inc.
  • United Technologies Corporation (UTC)