Commercial Aircraft Health Monitoring Systems Market- Roadmap for Recovery from COVID-19 | Growing Usage of Fiber Optic Sensors to Boost the Market Growth | Technavio

Technavio has been monitoring the commercial aircraft health monitoring systems market and it is poised to grow by USD 887.85 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by type, which is the leading segment in the market?

• The narrow-body aircrafts are expected to be the leading segment in the global market during the forecast period.

• What are the major trends in the market?

• Implementation of real-time monitoring in aircraft is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 887.85 million.

• Who are the top players in the market?

• AFI KLM E&M, Airbus SE, FLYHT Aerospace Solutions Ltd., General Electric Co., Lufthansa Technik AG, Meggitt Plc, Raytheon Technologies Corp., Safran SA, SITA, and The Boeing Co are some of the major market participants.

• What are the key market drivers and challenges?

• Growing usage of fiber optic sensors is one of the major factors driving the market. However, the concerns with aircraft maintenance restraints the market growth.

• How big is the APAC market?

• The APAC region will contribute 40% of market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. AFI KLM E&M, Airbus SE, FLYHT Aerospace Solutions Ltd., General Electric Co., Lufthansa Technik AG, Meggitt Plc, Raytheon Technologies Corp., Safran SA, SITA, and The Boeing Co. are some of the major market participants. The growing usage of fiber optic sensors will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Commercial Aircraft Health Monitoring Systems Market 2020-2024: Segmentation

Commercial Aircraft Health Monitoring Systems Market is segmented as below:

• Type
  • Narrow-body Aircraft
  • Wide-body Aircraft
  • Turboprops
  • Regional Jets
• Geography
  • APAC
  • North America
  • Europe
  • MEA
  • South America

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Commercial Aircraft Health Monitoring Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial aircraft health monitoring systems market report covers the following areas:

• Commercial Aircraft Health Monitoring Systems Market Size
• Commercial Aircraft Health Monitoring Systems Market Trends
• Commercial Aircraft Health Monitoring Systems Market Analysis

This study identifies the implementation of real-time monitoring in aircraft as one of the prime reasons driving the commercial aircraft health monitoring systems market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Commercial Aircraft Health Monitoring Systems Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist commercial aircraft health monitoring systems market growth during the next five years
• Estimation of the commercial aircraft health monitoring systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial aircraft health monitoring systems market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial aircraft health monitoring systems market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Aircraft type

• Market segments
• Comparison by Aircraft type
• Narrow-body aircraft - Market size and forecast 2019-2024
• Wide-body aircraft - Market size and forecast 2019-2024
• Turboprops - Market size and forecast 2019-2024
• Regional jets - Market size and forecast 2019-2024
• Market opportunity by Aircraft type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AFI KLM E&M
• Airbus SE
• FLYHT Aerospace Solutions Ltd.
• General Electric Co.
• Lufthansa Technik AG
• Meggitt Plc
• Raytheon Technologies Corp.
• Safran SA
• SITA
• The Boeing Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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