Global Aircraft Health Monitoring Systems Market - Growth, Trends, and Forecast (2018 - 2023)
The aircraft health monitoring systems market is anticipated to register a CAGR of 6.55% over the forecast period 2018 - 2023. AHMS improves an airline's operational decision-making and saves airlines money by reducing schedule interruptions. Additionally, the sensors embedded in hard-to-reach areas of aircraft enhances airplane safety and reduces the time required to detect the faults.
INCREASED APPLICATION AREAS
The increase in the automation, technology up-gradation, minimization of the operating costs, the rise in the demand for real-time fault management, as well as the high demand for performance monitoring are expected to boost the market growth during the forecast period. The global military departments are now focusing on reducing their operating costs which are associated with the maintenance of the defense aircrafts along with the significant growth in their need to enhance the safety standards which has led to substantial investments in the maintenance, repair and overhaul services.
Aircraft Health Monitoring Sensors Cutting MRO Costs
The generation of huge caches of structural as well as system health-monitoring data by commercial aircrafts has led to the expansion of the opportunities for predictive inspections and repairs. Replacing the traditional inspection procedures such as general and detailed visual inspections as well as non-destructive inspections such as X-rays resulted in eliminating time consuming steps like dismantling process to gain access to the inspection areas.
Embraer has been utilizing large Structural Health Monitoring (SHM) sensors to cut down inspection costs as well as time. Various companies which are involved with the aircraft sensor technology are concentrating on enhancing the data management instead of reviewing the data normally which would drive the health monitoring system. Distributed optical sensing can be used as a possible approach towards aircraft structural monitoring. These contains fiber-optic sensing which do not require individual sensing elements to carry out the inspection process. Additionally, the technology can be used for inspecting the large aircraft structures and measure for temperature or strain in the aircraft. On the other side, the applications are bulky and expensive which lead to a delay in the application being used on the aerospace side.
The progress of OEM towards big-data analytics have enabled them to collect large data sets, including information regarding the environmental conditions as well as configuration and operational usage. These, when collaborated with Predix, which is a contemporary software platform, enables business entities to measure the faults in an aircraft, if any, in a convenient manner as well as help in reduction of MRO costs. Space Wireless technology have already been deployed in the Airbus Flying Testing Platforms.
Key Developments in the Market:
March 2018: Honeywell Aerospace have announced a new Health and Usage Monitoring System (HUMS) technology, RECON, in order to help the civil and defense helicopter operators in order to ensure aircraft safety and reduce the operating as well as the marginal cost. June 2017: Bombardier Inc. has announced that their customers are benefitting from the C series aircraft health management system in their CS 100 and CS 300 aircraft
Major Players: AIRBUS, BOEING, GE AVIATION, ROCKWELL COLLINS, UNITED TECHNOLOGIES HOLDINGS PLC, MEGGITT PLC, ROLLS-ROYCE PLC, amongst others
Reasons to Purchase this Report
1. Provides Latest Insights into the aircraft health monitoring systems market 2. Analyzing various perspectives of the market with the help of Porter’s five forces analysis 3. Detailed analysis on the region expected to witness fastest growth in the market 4. Identify the latest developments, market shares, and strategies employed by the major market players 5. 3 months analyst support along with the Market Estimate sheet (in excel)
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