Raipur, June 03, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has added a new report titled Aerospace and Defense Condition Monitoring System Market to its library, which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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How is the Report Helpful?
The report has been compiled using a variety of analytical methodologies and contains analysed data on the key players, market scope, and much more. The researchers at Stratview Research have studied the historic and present situation of the top players in the Aerospace and defence condition monitoring system Market. The report includes highly reliable and vital data that can be beneficial for the key decision-makers and strategists.
This report focuses on key aspects including leading companies, insights into the market trends, impact of COVID-19, etc. The report encompasses several factors that have contributed to the growth of the market in recent years.
Key Features: The report covers –
- Market Size and Revenue
- Production rate
- Covid19 impact on the market
- Import/export data
- Supply/demand analysis
- Market share, CAGR, etc.
What is a Condition Monitoring System?
A condition monitoring system is a predictive maintenance tool, made up of data acquisition units and sensors that sample, monitor, and store data from major systems and components. The condition monitoring system is the process of periodically measuring or continuously monitoring aircraft systems in one or more parameters in order to detect significant changes that are usually symptomatic of a failure in progress.
This enables the system operator to devise predictive maintenance strategies aimed at avoiding failures and their repercussions. Several parts especially rotating machinery, such as fans, compressors, pumps, and combustion engines, are frequently subjected to continuous condition monitoring.
Market Segmentation:
According to the report, the Global Aerospace and Defence Condition Monitoring System Market is segmented by the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain –
Aircraft Type – Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV and Spacecraft.
Monitoring Technique Type – Vibration Analysis, Thermography, Oil Analysis, and Others.
Product Type – Router-based System, Portable System, and Sensor-based System.
Deployment Type – Cloud and On-premises.
Region-Wise – North America, Europe, Asia-Pacific, and the Rest of the World.
View the Report Scope and Table of Contents:
Market Segment-wise Analysis –
Based on the aircraft type –
Among the aircraft types, commercial aircraft is expected to remain the dominant as well as the fastest-growing aircraft type in the market during the forecast period.
Based on the monitoring technique type –
Vibration analysis is likely to maintain its dominance in the market during the forecast period. Vibration analysis performs a critical role, in measuring the vibration characteristics of spinning critical components during the flight.
Based on the product type -
Sensor-based condition monitoring devices are dominant in the market as they aid in the provision of real-time data to aircraft operators, resulting in a higher adoption rate as compared to the other products.
Which region is the largest market?
North America is expected to remain the largest market for aerospace & defense condition monitoring systems during the forecast period in the wake of its supremacy in the production of commercial and military aircraft.
Key Players
The competitive landscape of the A&D condition monitoring market is different than other end-use markets. The A&D industry demands an extraordinary track record in order to develop and serve it, a key reason not all companies' manufacturing condition monitoring systems are not serving the A&D industry.
The following are some of the key players in the aerospace & defense condition monitoring system market:
- Meggitt PLC
- Siemens
- Baker Hughes Company
- Eaton
- SKF
- Emerson Electric Co.
- PARKER HANNIFIN CORP
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