US Aircraft Health Monitoring System Market Size, Report 2023-2028

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

Report Format: PDF+Excel | Report ID: SR112023A3683

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Market Overview:

The United States aircraft health monitoring system market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.

Aircraft health monitoring system (AHMS) is a collection of solutions and techniques that are employed to monitor airplane data remotely. It is primarily used for monitoring the lifecycle of aircraft components. It also helps in predicting the failures and malfunctions in an aircraft, such as over-heating engines, high vibrations, low oil pressure and hard landing. The system uses real-time data, which is recorded through different sensors installed on the aircraft and involves automated engine trend reporting, remote systems diagnostics, and engine/airframe threshold exceedance reporting.

The United States aircraft health monitoring system market is primarily driven by the efficient air transportation system. The United States has the largest single national economy and is leading in various industries such as transportation, information technology (IT) and defense aviation industries. The AHMS technology helps minimize the overall maintenance while reducing the operational costs and detection, diagnosis, prognosis, and mitigation of system failure in aircraft components, which is propelling the growth of the market. Besides this, the increasing profitability of airlines, along with the rising demand for IT solutions, like AHMS, are providing a significant impact on the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States aircraft health monitoring system market report, along with forecasts at the country and regional 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 Region:

Northeast
Midwest
South
West

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
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
Regions Covered	Northeast, Midwest, South, West
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 United States aircraft health monitoring system market was valued at US$ 1.5 Billion in 2022.

We expect the United States aircraft health monitoring system market to exhibit a CAGR of 10% during 2023-2028.

The rising 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 United States aircraft health monitoring system market.

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

Based on the component, the United States 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 United States aircraft health monitoring system market has been bifurcated into aero-propulsion, avionics, ancillary systems, aircraft structures, and others. Among these, aero-propulsion accounts for the majority of the total market share.

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

Based on the installation, the United States 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 United States 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 United States 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 United States 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 Northeast, Midwest, South, and West, where Midwest currently dominates the United States aircraft health monitoring system market.

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