The aircraft health monitoring system market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

The aircraft health monitoring system market is predicted to gain noteworthy growth on account of evolving federal norms that are centered around improving the airworthiness of aircraft. Airworthiness can usually be enhanced by strengthening connectivity between ground and aircraft operators. Rising adoption of connected technologies in aircraft has stimulated the deployment of aircraft health monitoring system.

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Surging inclination towards retrofitting activities owing to its cost saving feature would accelerate the adoption of aircraft health monitoring systems over the forthcoming years. Estimates suggest that the segment might register 7% CAGR by 2026.

Governments across the globe have begun to impose supportive norms to promote retrofitting ADS-B in new airplane. Citing an instance, in January 2020, FAA made ADS-B compulsory for all airliners operating in the regulated jurisdiction.

Increasing number of inflight passengers across emerging economies and increasing disposable income are expected to boost the adoption of narrow body aircraft. The segment is projected to witness tremendous growth and is expected to touch USD 2 billion within 2026. Introduction of the Low-Cost Carrier (LCC) model with an intention to lower airfares could play a significant role in enhancing business outlook.

A narrow body airplane with nominal inflight facilities can handle all domestic routes. Prominent airline companies are concentrating their efforts on expanding fleets of narrow body aircraft to satisfy growing demand for LCC operations. For example, earlier in October 2019, India’s low-fare airline, Indigo placed an order of 300 Airbus airliners that consisted a mix of A320neo, A321XLR, and A321neo airplane. Evidently, the contract was worth nearly USD 33 billion, allowing Indigo to expand its presence in international and domestic markets.

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Prominent aircraft health monitoring system market players like Boeing, Airbus, Honeywell International, United Technologies Corporation, Rockwell Collins, General Electric, Rolls-Royce and Meggitt are focusing on signing long-term service contracts and partnership agreements to get a hold on the latest technologies in the market and expand their geographical presence. 

Major Key Points from Table of Content:

Chapter 6. Aircraft Health Monitoring System Market, By Fit

6.1.  Key trends, by fit

6.2.  Line fit

6.2.1. Market estimates and forecast, 2015 - 2026

6.3.  Retro fit

6.3.1. Market estimates and forecast, 2015 - 2026

Chapter 7. Aircraft Health Monitoring System Market, By System

7.1.  Key trends, by system

7.2.  Hardware

7.2.1. Market estimates and forecast, 2015 - 2026

7.3.  Software

7.3.1. Market estimates and forecast, 2015 – 2026

7.4.  Services

7.4.1. Market estimates and forecast, 2015 - 2026

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