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Europe Aircraft Health Monitoring System Market Report by Component (Hardware, Software, Services), Subsystem (Aero-Propulsion, Avionics, Ancillary Systems, Aircraft Structures, and Others), End User (Commercial, Military), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), Operation Time (Real-Time, Non-Real-Time), Operation Type (Detection, Diagnostics, Condition-Based Maintenance and Adaptive Control, and Others), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3684
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Market Overview:
The Europe aircraft health monitoring system market size reached US$ 1.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2032, exhibiting a growth rate (CAGR) of 9.5% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 1.2 Billion |
| Market Forecast in 2032 | US$ 2.8 Billion |
| Market Growth Rate (2024-2032) | 9.5% |
Aircraft health monitoring system, or AHMS, is a collection of solutions and techniques that are utilized for remote monitoring airplane data. It monitors the lifecycle of aircraft components and predicts failures or malfunctions like over-heating of engines, high vibrations, low oil pressure, and hard landing. The technology makes use of real-time data, which is captured via pre-installed sensors on the aircraft components. AHMS also reports on automated engine trends along with remote systems diagnostics and engine and airframe threshold exceedance reporting. It is also implemented to minimize the overall maintenance and operational costs and for the detection, diagnosis, prognosis, and mitigation of system failures.
The Europe aircraft health monitoring system market is primarily driven by the recovering economy and the increase in fleet size. Apart from this, airports in Europe, like Heathrow and Frankfurt, handle some of the largest air traffic volumes globally, which makes the regional market quite prominent for aircraft health monitoring systems. Besides this, air routes have significant value in Europe as it is strategically located between Asia and America. The development of IT and data analytics also remains a key factor in propelling the market growth. Furthermore, various technological advancements like the Internet of Things (IoT) and the use of wireless sensors to monitor maintenance needs and aviation analytics are also contributing to the market. Moreover, the significant growth of the commercial and defense aviation industries, the growing need for enhanced situational awareness and increasing instances of aircraft accidents are some of the other factors that have escalated the demand for AHMS in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe aircraft health monitoring system market report, along with forecasts at the regional and country level from 2024-2032. 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:
- Germany
- France
- United Kingdom
- Italy
- Spain
- 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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Components Covered | Hardware, Software, Services |
| Subsystems Covered | Aero-Propulsion, Avionics, Ancillary Systems, Aircraft Structures, Others |
| End Users Covered | Commercial, Military |
| Installations Covered | Onboard, On Ground |
| Fits Covered | Linefit, Retrofit |
| Operation Times Covered | Real-Time, Non-Real-Time |
| Operation Types Covered | Detection, Diagnostics, Condition-Based Maintenance and Adaptive Control, Others |
| Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| 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) |
The Europe aircraft health monitoring system market was valued at US$ 1.2 Billion in 2023.
We expect the Europe aircraft health monitoring system market to exhibit a CAGR of 9.5% during 2024-2032.
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 Europe aircraft health monitoring system market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations, resulting in the decline of various aviation activities, thereby negatively impacting the Europe market for aircraft health monitoring systems.
Based on the component, the Europe aircraft health monitoring system market can be segregated into hardware, software, and services. Currently, hardware exhibits a clear dominance in the market.
Based on the subsystem, the Europe aircraft health monitoring system market has been bifurcated 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 Europe aircraft health monitoring system market can be segmented into commercial and military. Currently, commercial holds the largest market share.
Based on the installation, the Europe aircraft health monitoring system market has been divided into onboard and on ground, where on ground currently exhibits a clear dominance in the market.
Based on the fit, the Europe aircraft health monitoring system market can be categorized into linefit and retrofit. Currently, linefit accounts for the majority of the total market share.
Based on the operation time, the Europe aircraft health monitoring system market has been segregated into real-time and non-real-time, where real-time currently exhibits a clear dominance in the market.
Based on the operation type, the Europe 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 Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe aircraft health monitoring system market.
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