Pune, Sept. 24, 2018 (GLOBE NEWSWIRE) -- The Global Aircraft Health Monitoring System Market was valued at $ 875.0 million in 2014 and is likely to garner $ 1802.9 million by 2025, growing at a CAGR of 7.28% during the forecast period according to Progressive Markets report, Aircraft Health Monitoring System Market (AHMS) - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
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The report provides a detailed analysis of the entire aircraft health monitoring system industry, covering the key market segments, market landscape, market dynamics, major market players, the research methodology used, market size by segment and region, market forecast, Porters analysis, and trends analysis. The information provided in the report is a result of an extensive research of the global aircraft health monitoring system market with opinions from industry experts. The research methodology is provided in terms of primary and secondary research methods implemented to gather and validate data.
The aircraft health monitoring system market report is a useful resource for market players, VPs, investors, stakeholders, and new entrants to understand the overall market scenario for the historic period 2014-2016 and the forecast period 2018-2025. It also helps in devising plans for expansion and determining opportunities for business growth.
An executive summary of the global aircraft health monitoring system market is provided based on the key findings, market attractiveness and trends analysis, and competitive landscape. Market landscape is provided in the study based on growth drivers, Porters Analysis, and market share analysis. The market drivers and restraints help analyze the factors affecting the growth of the global aircraft health monitoring system industry. The Porters Five Forces Analysis (PFFA) is offered in the study based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, threat from substitutes, and industrial rivalry. This analysis helps assess the level of competition prevailing in the market and devise strategies for business growth. Market share analysis is valuable as it helps determine how well the players are doing in the market as compared to their competitors.
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The AHMS market report includes the drivers and challenges to explain why the market is growing or slowing down. The increasing expenditure in aerospace IT in the developing economies, as well as the technological advancements for workflow optimization, are driving the demand for advanced analytical systems, causing the AHMS market to grow. Moreover, the growing demand for real-time fault management, performance monitoring, and custom alerting & analysis solutions are propelling the market growth. Furthermore, increased application areas for aircraft integrated vehicle health management (IVHM) are likely to create growth opportunities for aircraft health monitoring system market. On the other hand, a lack of trained professionals is likely to limit the AHMS market growth during the forecast period.
A detailed segmentation of the AHMS market report is provided based on type, aircraft type, fit, and geography. Based on type, the market is divided into commercial and defense. The defense sector garnered $388.7 million in 2017 and is likely to grow at a CAGR of 8.78% during the forecast period. By aircraft type, the industry is bifurcated into wide-body aircraft, narrow body aircraft, and regional jets. The regional jets segment is expected to grow at a CAGR of 15.22% during the forecast period. By fit, the industry is classified as line-fit and retro-fit. The line-fit segment is expected to garner $1270.0 million in 2025 while the retro-fit segment is likely to grow at a CAGR of 5.73% during the forecast period. Geographically, the market analysis covers the various regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis covers the U.S., Canada, and Mexico. In Europe, the market analysis covers UK, Germany, France, and the other parts of Europe. The market study in the Asia-Pacific region includes China, India, Japan, and the rest of Asia-Pacific. In LAMEA, the market study covers Latin America, Middle East, and Africa.
The report offers a detailed analysis of the major market players operating in the AHMS market. An overview of each player is provided along with the insights into their business segments and recent developments. These information help market players gain an understanding of the competitive market scenario and plan strategies to be adopted to gain a competitive advantage. The key players include Rockwell Collins Inc., Ultra Electronics Holdings Plc., United Technologies Corporation, Meggitt Plc., Airbus Group, Honeywell International Inc., Boeing Company, RSL Electronics Ltd., General Electric Company, and Rolls-Royce Plc.
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