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The commercial aircraft health monitoring systems (AHMS) market share is expected to increase by USD 656.20 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.69%.
This commercial aircraft health monitoring systems (AHMS) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial aircraft health monitoring systems (AHMS) market segmentation by type (narrow-body aircraft, wide-body aircraft, turboprops, and regional jets) and geography (APAC, North America, Europe, MEA, and South America). The commercial aircraft health monitoring systems (AHMS) market report also offers information on several market vendors, including AFI KLM E&M, Airbus SE, Deutsche Lufthansa AG, FLYHT Aerospace Solutions Ltd., General Electric Co., Meggitt Plc, Raytheon Technologies Corp., Safran SA, SITA, and The Boeing Co. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing usage of fiber optic sensors is notably driving the commercial aircraft health monitoring systems (AHMS) market growth, although factors such as concerns with aircraft maintenance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial aircraft health monitoring systems (AHMS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Aircraft Health Monitoring Systems (AHMS) Market Driver
One of the key factors driving the global commercial aircraft health monitoring systems (AHMS) market growth is the growing usage of fiber optic sensors. These sensors have advantages in terms of durability, high bandwidth, immunity to electromagnetic interference, and lightweight, which make them preferable for integration with aircraft. Moreover, their small size enables the integration of a larger number of sensors in the same aircraft. Few of these sensors are expensive, difficult to integrate or deploy over large composite structures, vulnerable to harsh environments, or tough to operate for longer durations. However, FOS has emerged as a suitable solution for commercial AHMS owing to its distinctive advantages such as durability, higher sensitivity, and immunity to electromagnetic interference. Such factors are expected to positively impact the market growth in the forecast period.
Key Commercial Aircraft Health Monitoring Systems (AHMS) Market Trend
Another key factor driving the global commercial aircraft health monitoring systems (AHMS) market growth is the implementation of real-time monitoring in aircraft. It also allows monitoring of in-flight aircraft performance, when the aircraft is in motion. Real-time monitoring alerts ground staff and maintenance crew beforehand to facilitate faster response and reduction of the overall turnaround time of an aircraft. With the implementation of real-time monitoring systems aboard the airplane, the aircraft operators can efficiently oversee flight performance and engine effectiveness. These systems enable proper and precise maintenance, which would also help in reducing the overall maintenance and repair costs of an aircraft, which will further support the market growth during the forecast period.
Key Commercial Aircraft Health Monitoring Systems (AHMS) Market Challenge
One of the key challenges to the global commercial aircraft health monitoring systems (AHMS) market growth is the concerns with aircraft maintenance. With a net profit margin of less than 4%, aircraft operators focus on reducing their operational expenses and simultaneously maintain a high level of safety and services as desired by air regulatory authorities and passengers. The operational fleet of aircraft poses several concerns for aircraft operators and MRO service providers because of their need for improved damage detection, frequent inspection, and increased maintenance. Schedule-based maintenance works well during the desired service life. At the same time, it results in increased inspection time, increased operational and maintenance costs, and decreased availability of the aircraft due to downtime for maintenance. Thus, concerns with aircraft maintenance and expenditure are expected to limit the growth of the market in focus during the forecast period.
This commercial aircraft health monitoring systems (AHMS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global commercial aircraft health monitoring systems (AHMS) market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft health monitoring systems (AHMS) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial aircraft health monitoring systems (AHMS) market encompasses successful business strategies deployed by the key vendors. The commercial aircraft health monitoring systems (AHMS) market is concentrated and the vendors are deploying growth strategies such as investment in research and developments to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial aircraft health monitoring systems (AHMS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial aircraft health monitoring systems (AHMS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global aerospace and defense market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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31% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for commercial aircraft health monitoring systems (AHMS) in APAC. Market growth in this region will be faster than the growth of the market in North America and South America.
The significant increase in new aircraft numbers and the growth in passenger traffic will facilitate the commercial aircraft health monitoring systems (AHMS) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 affected the aviation sector in the region. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, are under a partial or full lockdown in 2021. This has led to several domestic and international travel restrictions in the countries. However, operations in various industries gradually restarted with a limited workforce and adherence to social distancing norms, which is expected to stabilize the growth of the market during the forecast period.
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The commercial aircraft health monitoring systems (AHMS) market share growth by the narrow-body aircraft segment will be significant during the forecast period. An increase in demand for low-cost carriers has been illustrated by the emergence and growth of airlines, such as Air Asia, Tigerair, Lion Air, and Jetstar Airways. The growing demand for such aircraft is expected to drive the global commercial narrow-body aircraft health monitoring systems market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft health monitoring systems (AHMS) market size and actionable market insights on post COVID-19 impact on each segment.
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Commercial Aircraft Health Monitoring Systems (AHMS) Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.69% |
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Market growth 2021-2025 |
$ 656.20 million |
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Market structure |
Concentrated |
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YoY growth (%) |
4.23 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 31% |
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Key consumer countries |
US, China, UK, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AFI KLM E&M, Airbus SE, Deutsche Lufthansa AG, FLYHT Aerospace Solutions Ltd., General Electric Co., Meggitt Plc, Raytheon Technologies Corp., Safran SA, SITA, and The Boeing Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
**2.2 Market characteristics
*Exhibit 02: Market Characteristics
**2.3 Value chain analysis
*Exhibit 03: Value Chain Analysis: Aerospace and Defense Market
*2.3.1 Inputs
*2.3.2 Inbound logistics
*2.3.3 Operations
*2.3.4 Marketing and sales
*2.3.5 Aftermarket and service
*2.3.6 Industry innovation
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
*Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2020
***5. Market Segmentation by Aircraft Type
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 15: - Market share 2020-2025 (%)
**5.2 Comparison by Aircraft Type
*Exhibit 16: Comparison by Aircraft Type
**5.3 Narrow-body aircraft - Market size and forecast 2020-2025
*Exhibit 17: Narrow-body aircraft - Market size and forecast 2020-2025 ($ million)
*Exhibit 18: Narrow-body aircraft - Year-over-year growth 2020-2025 (%)
**5.4 Wide-body aircraft - Market size and forecast 2020-2025
*Exhibit 19: Wide-body aircraft - Market size and forecast 2020-2025 ($ million)
*Exhibit 20: Wide-body aircraft - Year-over-year growth 2020-2025 (%)
**5.5 Turboprops - Market size and forecast 2020-2025
*Exhibit 21: Turboprops - Market size and forecast 2020-2025 ($ million)
*Exhibit 22: Turboprops - Year-over-year growth 2020-2025 (%)
**5.6 Regional jets - Market size and forecast 2020-2025
*Exhibit 23: Regional jets - Market size and forecast 2020-2025 ($ million)
*Exhibit 24: Regional jets - Year-over-year growth 2020-2025 (%)
**5.7 Market opportunity by Aircraft type
*Exhibit 25: Market opportunity by Aircraft type
***6. Customer landscape
*Exhibit 26: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 27: Market share by geography 2020-2025 (%)
**7.2 Geographic comparison
*Exhibit 28: Geographic comparison
**7.3 APAC - Market size and forecast 2020-2025
*Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
*Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
**7.4 North America - Market size and forecast 2020-2025
*Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
*Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
**7.5 Europe - Market size and forecast 2020-2025
*Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
*Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
**7.6 MEA - Market size and forecast 2020-2025
*Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
*Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
**7.7 South America - Market size and forecast 2020-2025
*Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
*Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
**7.8 Key leading countries
*Exhibit 39: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 40: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing usage of fiber optic sensors
*8.1.2 Increasing benefits of AHMS
*8.1.3 R&D investments in AHMS
**8.2 Market challenges
*8.2.1 Concerns with aircraft maintenance
*8.2.2 Difficulties in embedding sensors in aircraft
*8.2.3 Reliability issues associated with AHMS
*Exhibit 41: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Implementation of real-time monitoring in aircraft
*8.3.2 Influence of IoT
*8.3.3 Evolution of NDE and HUMS
***9. Vendor Landscape
**9.1 Overview
*Exhibit 42: Vendor landscape
**9.3 Landscape disruption
*Exhibit 43: Landscape disruption
*Exhibit 44: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 45: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 46: Market positioning of vendors
**10.3 AFI KLM E&M
*Exhibit 47: AFI KLM E&M - Overview
*Exhibit 48: AFI KLM E&M - Product and service
*Exhibit 49: AFI KLM E&M - Key news
*Exhibit 50: AFI KLM E&M - Key offerings
**10.4 Airbus SE
*Exhibit 51: Airbus SE - Overview
*Exhibit 52: Airbus SE - Business segments
*Exhibit 53: AFI KLM E&M - Key news
*Exhibit 54: Airbus SE - Key offerings
*Exhibit 55: Airbus SE - Segment focus
**10.5 Deutsche Lufthansa AG
*Exhibit 56: Deutsche Lufthansa AG - Overview
*Exhibit 57: Deutsche Lufthansa AG - Business segments
*Exhibit 58: Deutsche Lufthansa AG - Key news
*Exhibit 59: Deutsche Lufthansa AG - Key offerings
*Exhibit 60: Deutsche Lufthansa AG - Segment focus
**10.6 FLYHT Aerospace Solutions Ltd.
*Exhibit 61: FLYHT Aerospace Solutions Ltd. - Overview
*Exhibit 62: FLYHT Aerospace Solutions Ltd. - Business segments
*Exhibit 63: FLYHT Aerospace Solutions Ltd. - Key news
*Exhibit 64: FLYHT Aerospace Solutions Ltd. - Key offerings
**10.7 General Electric Co.
*Exhibit 65: General Electric Co. - Overview
*Exhibit 66: General Electric Co. - Business segments
*Exhibit 67: General Electric Co. - Key news
*Exhibit 68: General Electric Co. - Key offerings
*Exhibit 69: General Electric Co. - Segment focus
**10.8 Meggitt Plc
*Exhibit 70: Meggitt Plc - Overview
*Exhibit 71: Meggitt Plc - Business segments
*Exhibit 72: Meggitt Plc - Key news
*Exhibit 73: Meggitt Plc - Key offerings
*Exhibit 74: Meggitt Plc - Segment focus
**10.9 Raytheon Technologies Corp.
*Exhibit 75: Raytheon Technologies Corp. - Overview
*Exhibit 76: Raytheon Technologies Corp. - Business segments
*Exhibit 77: Raytheon Technologies Corp. - Key news
*Exhibit 78: Raytheon Technologies Corp. - Key offerings
*Exhibit 79: Raytheon Technologies Corp. - Segment focus
**10.10 Safran SA
*Exhibit 80: Safran SA - Overview
*Exhibit 81: Safran SA - Business segments
*Exhibit 82: Safran SA - Key news
*Exhibit 83: Safran SA - Key offerings
*Exhibit 84: Safran SA - Segment focus
**10.11 SITA
*Exhibit 85: SITA - Overview
*Exhibit 86: SITA - Product and service
*Exhibit 87: SITA - Key news
*Exhibit 88: SITA - Key offerings
**10.12 The Boeing Co.
*Exhibit 89: The Boeing Co. - Overview
*Exhibit 90: The Boeing Co. - Business segments
*Exhibit 91: The Boeing Co. - Key news
*Exhibit 92: The Boeing Co. - Key offerings
*Exhibit 93: The Boeing Co. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 94: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 95: Research Methodology
*Exhibit 96: Validation techniques employed for market sizing
*Exhibit 97: Information sources
**11.4 List of abbreviations
*Exhibit 98: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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