Asia Pacific Aircraft Health Monitoring System to Reach US$ 2.0 Billion by 2028, Propelled by the Increasing Demand for Efficient and Reliable Aircraft Systems

April 18, 2023 | Aerospace and Defense

The latest report by IMARC, titled “Asia Pacific Aircraft Health Monitoring System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the Asia Pacific aircraft health monitoring system market size reached US$ 1.3 Billion in 2022. An aircraft health monitoring system (AHMS) refers to a software-based system designed to monitor the critical components and systems of an aircraft in real-time. This system collects data from various sensors located throughout the aircraft, including engine sensors, structural sensors, and other on-board monitoring devices. The data is then processed and analyzed to identify any potential faults, defects, or anomalies that may affect the performance, safety, or operational efficiency of an aircraft. AHMS also provides continuous monitoring of an aircraft, allowing early detection of potential issues and enabling maintenance crews to proactively address them. This helps the crew members to reduce maintenance costs, increase aircraft availability and reliability, and improve overall safety. In addition, AHMS provides data for trend analysis, allowing maintenance crews to identify patterns and trends in the aircraft's performance and adjust maintenance schedules accordingly. AHMS is also used to optimize aircraft performance and reduce fuel consumption by monitoring engine performance and providing real-time feedback to pilots.

Asia Pacific Aircraft Health Monitoring System Market Trends:

One of the primary factors driving the market is the increasing demand for efficient and reliable aircraft systems. Additionally, the implementation of AHMS has become a regulatory requirement in many countries to ensure the safety of aircraft and passengers, thus creating a positive market outlook. Other than this, the rising adoption of cloud-based AHMS solutions is expected to drive market growth as it provides more flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions. Besides this, the growing utilization of electronics in airplanes, especially with the introduction of a new field, known as avionics, is positively influencing the market growth. In line with this, advancements in sensor technology, artificial intelligence, and big data analytics have led to the development of more sophisticated AHMS solutions that can monitor a wide range of aircraft components and systems in real-time. These technological advancements have resulted in increased efficiency and accuracy in fault detection, diagnosis, and prediction, leading to enhanced aircraft safety and reduced maintenance costs. Furthermore, the increasing number of aging aircraft and the growing commercial air traffic are propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 2.0 Billion by 2028, expanding at a CAGR of 7.4% during the forecast period (2023-2028).

Market Summary:

On the basis of the component, the market has been divided into hardware, software, and services.
Based on the subsystem, the market has been categorized into aero-propulsion, avionics, ancillary systems, aircraft structures, and others.
On the basis of the end user, the market has been bifurcated into commercial and military.
Based on the installation, the market has been segregated into onboard and on ground.
On the basis of the fit, the market has been segmented into linefit and retrofit.
Based on the operation time, the market has been categorized into real-time and non-real time.
On the basis of the operation type, the market has been divided into detection, diagnostics, condition-based maintenance and adaptive control, and others.
Country-wise, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others.
The competitive landscape of the market has also been analyzed, along with the detailed analysis of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Component, Subsystem, End User, Installation, Fit, Operation Time, Operation Type, Country
Countries Covered	China, India, South Korea, Japan, Australia, Indonesia, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Asia Pacific Aircraft Health Monitoring System to Reach US$ 2.0 Billion by 2028, Propelled by the Increasing Demand for Efficient and Reliable Aircraft Systems

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