Asia Pacific Aircraft Health Monitoring System Market Share, Report, 2028

Asia Pacific Aircraft Health Monitoring System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3685

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Market Overview:

The Asia Pacific aircraft health monitoring system market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Aircraft health monitoring system (AHMS) refers to a real-time tool that is used to monitor and enhance flight safety and reduce operational time and maintenance costs. It functions by recording actions, performances, and status of aircraft components into a remote database. The collected data is then shared with ground operations through sensors installed at various damage hotspot locations throughout the aircraft structure or engine. AHMS technology is usually deployed in airlines and the aviation industry to foresee unexpected events and as a preventive measure to reduce the chances of unscheduled maintenance and disruption in operations.

The Asia Pacific aircraft health monitoring system market is primarily driven by the increasing usage of electronics in airplanes, especially with the introduction of a new field called avionics. Besides this, the growing number of aging aircraft and the rising commercial air traffic are also catalyzing the market growth. With the spread of coronavirus disease (COVID-19), the aviation industry is trying to minimize costs by deploying AHMS, which helps increase the profitability by improving safety and making flight operations more effective. Furthermore, the demand for AHMS is rising due to the growing utilization of database-related IT solutions and analytics products in countries across the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific aircraft health monitoring system market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on component, subsystem, end user, installation, fit, operation time and operation type.

Breakup by Component:

Hardware
Software
Services

Breakup by Subsystem:

Aero-Propulsion
Avionics
Ancillary Systems
Aircraft Structures
Others

Breakup by End User:

Commercial
Military

Breakup by Installation:

Onboard
On Ground

Breakup by Fit:

Linefit
Retrofit

Breakup by Operation Time:

Real-Time
Non-Real-Time

Breakup by Operation Type:

Detection
Diagnostics
Condition-Based Maintenance and Adaptive Control
Others

Breakup by Country:

China
Japan
India
South Korea
Australia
Indonesia
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

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)

Key Questions Answered in This Report

The Asia Pacific aircraft health monitoring system market was valued at US$ 1.3 Billion in 2022.

We expect the Asia Pacific aircraft health monitoring system market to exhibit a CAGR of 7.4% during 2023-2028.

The increasing utilization of aircraft health monitoring systems for monitoring the lifecycle of aircraft components and predicting failures or malfunctions, such as over-heating of engines, high vibrations, low oil pressure, etc., is primarily driving the Asia Pacific aircraft health monitoring system market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the decline of various aviation activities, thereby negatively impacting the Asia Pacific market for aircraft health monitoring systems.

Based on the component, the Asia Pacific aircraft health monitoring system market can be bifurcated into hardware, software, and services. Currently, hardware exhibits a clear dominance in the market.

Based on the subsystem, the Asia Pacific aircraft health monitoring system market has been categorized into aero-propulsion, avionics, ancillary systems, aircraft structures, and others. Among these, aero-propulsion currently accounts for the majority of the total market share.

Based on the end user, the Asia Pacific aircraft health monitoring system market can be segmented into commercial and military. Currently, commercial holds the largest market share.

Based on the installation, the Asia Pacific aircraft health monitoring system market has been divided into onboard and on ground, where onboard currently exhibits a clear dominance in the market.

Based on the fit, the Asia Pacific aircraft health monitoring system market can be categorized into linefit and retrofit. Currently, linefit accounts for the majority of the Asia Pacific market share.

Based on the operation time, the Asia Pacific aircraft health monitoring system market has been segregated into real-time and non-real-time, where non-real-time currently exhibits a clear dominance in the market.

Based on the operation type, the Asia Pacific aircraft health monitoring system market can be bifurcated into detection, diagnostics, condition-based maintenance and adaptive control, and others. Currently, detection holds the largest market share.

On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific aircraft health monitoring system market.

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