Share on

Flight Data Monitoring Market Segmentation by Component (Hardware, Software, and Services); By Solution (On-Board and Ground); By End-Use (Fleet Operators, Drone Operators, and Investigation Agencies) - Demand Analysis & Opportunity Outlook 2027

Published: March, 2023
ID: 12593
Pages: 175
Formats: report pdf report excel report power bi report ppt

Flight Data Monitoring Systems Market Size & Growth 2026

Flight Data Monitoring Systems Market was valued at $4 billion in 2020 and is expected to reach $5.98 billion by 2027, growing at a CAGR of 7.2 % between 2022 and 2027.

The global aviation sector is experiencing significant growth in terms of passenger count and aircraft fleet. This is primarily due to increased business and leisure travel due to increased disposable income. Furthermore, the volume of cargo air fleet is steadily increasing in both developed and developing countries.The information gathered assists operators in managing operations, fuel efficiency, risk management, and compliance with standard operating procedures. The FDM is used by quality assurance personnel and maintenance technicians to improve fleet safety and operational efficiency. Because ensuring flight safety is critical in the aviation industry, demand for FDM is rising in tandem with increased aircraft deliveries.

Recent Developments:

L3Harris Technologies has completed the final major design milestone for the US Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor program Phase IIb On-orbit Prototype Demonstration and has already commenced construction.

Teledyne Photometrics, a Teledyne Technologies company, has announced a strategic agreement with Dotphoton AG, an image compression solutions provider, to enable robust storage of enormous volumes of images created by scientific imaging using integrated combinations of the two businesses' technologies. SpectraSensors Inc.'s Water Vapor Sensing System ("WVSS-II") product line has been bought by FLYHT Aerospace Solutions Ltd. The WVSS-II is a sensor that is mounted aboard airplanes and delivers near-real-time water vapor measurements throughout the flight. These findings have a direct impact on weather forecasting and aviation weather support.

Market Drivers:

Monitoring and analyzing flight data have evolved into a volunteer safety program aimed at improving aviation safety through proactive flight-recorded statistics. This initiative enables airlines to acquire certain digital data from flight data recorders placed on their aircraft. Following that, the data is used to identify specific events, which is referred to as a systematic management system (SMS). The SMS calculates deviations from norms and danger regions and establishes a baseline safety margin. Furthermore, if a potential risk trend is recognized, an appropriate risk management plan is implemented and its effectiveness is tracked until the trend returns to normal.

Restraints:

Many airline businesses lack experience in-flight data monitoring and analysis in-house. Because the qualified staff is necessary for proper flight data monitoring and analysis, many small and medium-sized businesses are still inefficient in FDMA. As a result, these factors are projected to slow down the growth of the global flight data monitoring and analysis market in the forecast period.

Market Segmentation:

Flight Data Monitoring Systems Market Component

  • Hardware

  • Software
  • Services.

In 2020, the hardware category dominated the market. The flight data monitoring technology provides accurate information that helps to avoid accidents and issues. Material losses and insurance costs are reduced when flight mishaps are reduced. The method has enormous potential for determining the root causes and levels of risk associated with human errors, allowing for early detection of human factors concerns.

Flight Data Monitoring Systems Market Solution

  • On-Board
  • Ground

Flight data monitoring systems collect and evaluate on-board and ground-based aircraft operational characteristics. Data gathering, storage gear, and post-flight data analysis software are used to do this. Flight data monitoring data is utilised to improve operating efficiency and safety while also lowering maintenance costs.

Flight Data Monitoring Systems Market End-Use

  • Fleet Operators
  • Drone Operators
  • Investigation Agencies.

In 2020, the fleet operators segment dominated the market. A fleet operator can use the flight data monitoring system to monitor and improve operational safety. The technology is essential for big aircraft with a take-off mass of more than 27,000 kg. The method has also been shown to be advantageous to fleet operators of smaller planes and helicopters. It is an important component of a fleet operator's management system and serves as a primary data source for monitoring operational safety.

Regional Analysis:

  • North America 
  • Europe
  • Asia Pacific
  • Latin America 
  • Middle east and Africa

During the forecast period (2022-2027), the Asia-Pacific area is expected to have the greatest CAGR values. This is primarily owing to an increase in new aircraft deliveries to airlines and armed forces of important countries in the APAC region, such as China, India, Japan, and South Korea, among others. Over the next two decades, Asia-Pacific is predicted to account for roughly 40% of new aircraft deliveries. This will lead to a significant increase in demand for flight data monitoring systems in the global market. Furthermore, as the fleet of aircraft grows, so does the demand for flight data monitoring services, which aids the APAC area in establishing dominance.

Key Players:

  1. Teledyne (US)
  2. Curtiss-Wright (US)
  3. Safran (France)
  4. FLYHT (Canada)
  5. Guardian Mobility (Canada)
  6. SKYTRAC (Canada)
  7. Scaled Analytics (Canada)
  8. Nest Aerospace (India)
  9. FlightDataPeople (UK)
  10. Helianalysis (UK)

Market Leader:

L3Harris Technology is the largest company in the global flight data monitoring market.

Impact of COVID-19 On Flight Data Monitoring Systems Market:

Since the global coronavirus epidemic broke out, the flight data monitoring business has been one of the hardest hit. Both the domestic and foreign markets that promote the travel and tourism business are experiencing major functional concerns that are expected to limit the market's ability to overcome the challenges that have been plaguing it since the pandemic began. Market investors are on the lookout for market characteristics that would assist the market in covering losses experienced over the projected period, which will conclude in 2027. The market share for flight data monitoring is declining, and as a result, there is a significant shortage of money, technology, and investments to fulfill the market's evolving needs, as well as the demand for the target audience, which is dispersed around the globe.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample