HOME Top Market Reports Commercial Aircraft Health Monitoring Systems Market by Aircraft Type (VLA, WBA, NBA, RTA, Rotary-Wing Aircraft), IVHM Technology (Prognostics, Diagnostics, CBM & Adaptive Control), Sub-System (Aeropropulsion, Aerostructures, Avionics, & Ancillary), & by Geography (North America, Europe, APAC, & Row) Global Forecasts & Analysis (2014-2020)

Commercial Aircraft Health Monitoring Systems Market by Aircraft Type (VLA, WBA, NBA, RTA, Rotary-Wing Aircraft), IVHM Technology (Prognostics, Diagnostics, CBM & Adaptive Control), Sub-System (Aeropropulsion, Aerostructures, Avionics, & Ancillary), & by Geography (North America, Europe, APAC, & Row) Global Forecasts & Analysis (2014-2020)

By: marketsandmarkets.com
Publishing Date: August 2014
Report Code: AS 2677

 

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This report provides a market analysis of the commercial aircraft health monitoring systems market, for the next six years. It contains an analysis of the drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in this market. It provides the market size of the commercial aircraft health monitoring systems market, over the next six years and talks about the market share of different sub-sectors for each region.

This report offers a detailed analysis of the health monitoring systems in aircraft types (VLA, NBA, WBA, RTA, and Rotary Copter) and their subsystems (aeropropulsion, aerostructures, avionics, and ancillary). It also sheds light on the structural health monitoring technologies used in the commercial aviation industry. Further, it lays emphasis on the IVHM technologies, which play an imperative role in this market.

The report provides qualitative and quantitative information on this market. The report identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. The report provides a granular segmentation of the market, tracking the market size, market share, revenue projections, financial portfolio, covering a broad spectrum of the market.

The report also highlights the industry value chain, with a detailed PEST analysis, and a market life cycle analysis of the aircraft health monitoring systems market. It also provides information on the winning imperatives related to the logical architecture of aircraft health monitoring systems. It also throws light on the market across, different types of aircraft and health monitoring systems. It also forecasts the cost of procurement, integration, and maintenance of aircraft health monitoring systems.

The report covers aero-propulsion systems, aircraft structures, avionics, and ancillary systems. Aero-propulsion systems generally, consist of primary and auxiliary power units. Aircraft structures encompass fuselage, wings, and flight control surfaces. The avionics systems consist of flight control systems, navigation, and communication systems. Ancillary structures consist of other sub-systems such as brakes, power distribution systems, wheels, environmental control systems, and fuel distribution systems.

The report also provides an analysis of the Integrated Vehicle Health Monitoring (IVHM) technologies used in the aircraft health and usage monitoring systems. These technologies are generally, segmented into Prognostics, Diagnostics, Condition Based Maintenance (CBM), and Adaptive Control.

The report also offers a competitive landscape, by analyzing the market share of key players in this market along with, a strategic profiling to comprehensively analyze their market shares, growth strategies, and their competencies in this market.

In a nutshell, this research report is consolidated business intelligence on the aircraft monitoring systems market. This report will also help the commercial aviation industry, and its stakeholders to identify hot revenue pockets in this market.

Table Of Contents 
 
1 Introduction (Page No. - 14)
  1.1 Objectives of The Study
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Market Scope

2 Research Methodology (Page No. - 18)
  2.1 Market Size Estimation
  2.2 Market Break Down And Data Triangulation
  2.3 Market Share Estimation
      2.3.1 Key Data Taken From Secondary Sources
      2.3.2 Key Data from Primary Sources
      2.3.3 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
  4.1 Insights From Primary Sources
  4.2 Configuration Of IVHM 
  4.3 Attractive Market Opportunities
  4.4 Advanced Analytics: Big Data Has A Crucial Role To Play
  4.5 Transcending From NDT To SHM: Reaping The Benefits
  4.6 Mysterious MH370
  4.7 Inspection Accounts For 80 Million Man Hours Per Year
  4.8 Asia-Pacific: A Booming Aircraft Health Monitoring Systems Market
  4.9 U.S. And China Will Witness Significant Growth During The Forecast Period
  4.10 South Asia And China Lead The Annual GDP Growth
  4.11 Asia-Pacific And The Middle East To Spur The Annual Air Traffic Growth Rate
  4.12 Narrow Body Aircraft: A Hot Revenue Pocket For AHMS
  4.13 Why Boeing Is A Market Leader?

5 Market Overview (Page No. - 39)
  5.1 Market Definition
      5.1.1 AHMS Concept
  5.2 Evolution Of IVHM Technology
  5.3 Market Segmentation
  5.4 Market Dynamics
      5.4.1 Drivers
            5.4.1.1 Increase In Program Safety Activities
            5.4.1.2 Increasing Aircraft Orders
            5.4.1.3 Reduced Unscheduled Maintenance
            5.4.1.4 Increase In Asset Utilization
            5.4.1.5 Growth In Air Traffic
            5.4.1.6 Cost Effective Maintenance
      5.4.2 Restraints
            5.4.2.1 Certification Clearance
            5.4.2.2 Environmental Parameters
            5.4.2.3 Lack Of Expertise
            5.4.2.4 Product Lifecycle
      5.4.3 Challenges
            5.4.3.1 Aging Aircraft
            5.4.3.2 Uncertainty In  Assessing Tradeoffs
            5.4.3.3 Sensor Availability And Resolution
            5.4.3.4 Data Processing And Damage Detection
            5.4.3.5 Organizational Challenges
            5.4.3.6 Standardization
            5.4.3.7 Data Bus Limitations
      5.4.4 Business Jets, Single-Aisle Aircraft, And Wireless Sensors To Provide Opportunities For This Market
      5.4.5 Burning Issues
            5.4.5.1 Cost-Benefit Analysis
      5.4.6 Product Lifecycle

6 Industry Trends (Page No. - 55)
  6.1 Supply Chain Analysis
  6.2 Pest Analysis
      6.2.1 Political Factors
      6.2.2 Economic Factors
      6.2.3 Socio-Cultural Factors
      6.2.4 Technological Factors
  6.3 Pricing And Cost Analysis

7 Aircraft Health Monitoring System Market, By Aircraft Type (Page No. - 59)
  7.1 Very Large Aircraft
  7.2 Wide Body Aircraft
  7.3 Narrow Body Aircraft
  7.4 Regional Transport Aircraft
  7.5 Rotarywing Aircraft

8 Aircraft Health Monitoring System Market, By Sub-System (Page No. - 65)
  8.1 Commercial Aircraft Health Monitoring Systems Market, By Aero-Propulsion
  8.2 Commercial AHMS Market, By Aircraft Structures
  8.3 Commercial AHMS Market, By Ancillary Systems
  8.4 Commercial AHMS Market, By Avionics

9 Commercial AHMS Market, By IVHM Technology (Page No. - 71)
  9.1 Prognostics
  9.2 Diagnostics
  9.3 Condition-Based Maintenance & Adaptive Control

10 Geographic Analysis (Page No. - 77)
   10.1 Asia-Pacific
        10.1.1 China
        10.1.2 India
        10.1.3 Japan
   10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
   10.3 North America
        10.3.1 U.S.
        10.3.2 Canada
   10.4 The Middle East
        10.4.1 United Arab Emirates
        10.4.2 Saudi Arabia
   10.5 Row

11 Competitive Landscape (Page No. - 130)
   11.1 Overview
   11.2 Market Strategy Analysis

12 Company Profiles (Page No. - 133)
   12.1 Introduction
   12.2 The Boeing Company
        12.2.1 Business Overview
        12.2.2 Products & Services
        12.2.3 Key Strategy
        12.2.4 Recent Developments
        12.2.5 SWOT Analysis
        12.2.6 MNM View
   12.3 Airbus Group
        12.3.1 Business Overview
        12.3.2 Products & Services
        12.3.3 Key Strategy
        12.3.4 Recent Developments
        12.3.5 SWOT Analysis
        12.3.6 MNM View
   12.4 United Technologies Corporation
        12.4.1 Business Overview
        12.4.2 Products & Services
        12.4.3 Key Strategy
        12.4.4 Recent Developments
        12.4.5 SWOT Analysis
        12.4.6 MNM View
   12.5 GE Aviation
        12.5.1 Business Overview
        12.5.2 Products And Services
        12.5.3 Key Strategy
        12.5.4 Recent Developments
        12.5.5 Swot Analysis
        12.5.6 Mnm View
   12.6 Honeywell International
        12.6.1 Business Overview
        12.6.2 Products And Services
        12.6.3 Key Strategy
        12.6.4 Key Developments
        12.6.5 SWOT Analysis
        12.6.6 MNM View
   12.7 Ultra Electronics Holdings Plc
        12.7.1 Buisness Overview
        12.7.2 Products And Services
        12.7.3 Key Strategy
        12.7.4 Key Developments
   12.8 Meggitt PLC 
        12.8.1 Business Overview
        12.8.2 Products & Services
        12.8.3 Key Strategy
        12.8.4 Recent Developments
   12.9 Rockwell Collins
        12.9.1 Business Overview
        12.9.2 Products & Services
        12.9.3 Key Strategy
        12.9.4 Recent Developments
   12.10 Rolls Royce Holdings Plc.
         12.10.1 Business Overview
         12.10.2 Products & Services
         12.10.3 Key Strategy
         12.10.4 Recent Developments
   12.11 RSL Electronics Ltd
         12.11.1 Business Overview
         12.11.2 Products & Services
   12.12 Acellent Technologies Inc
         12.12.1 Business Overview
         12.12.2 Products & Services
         12.12.3 Key Strategy
         12.12.4 Recent Developments

13 Appendix (Page No. - 166)
   13.1 Insights Of Industry Experts
   13.2 Discussion Guide
   13.3 Introducing RT: Real Time Market Intelligence
   13.4 Available Customizations
   13.5 Related Reports
 
 
List Of Tables (92 Tables)  

Table 1 Bifurcation Of Years
Table 2 Opportunities
Table 3 Airbus & Boeing: Present & Future AHMS Integrated Models
Table 4 Asia-Pacific: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 5 Asia-Pacific: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 6 Asia-Pacific: Market, By Procurement,2014-2020, ($Million)
Table 7 Asia-Pacific: Market, By IVHM Technology,2014-2020 ($Million)
Table 8 Asia-Pacific: Market, By Sub-Systems, 2014-2020,($Million)
Table 9 China: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 10 China: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 11 China: Market, By Procurement,2014-2020 ($Million)
Table 12 China: Market, By IVHM Technology,2014-2020 ($Million)
Table 13 China: Market, By Sub-Systems, 2014-2020 ($Million)
Table 14 India: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 15 India: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 16 India: Market, By Procurement,2014-2020,($Million)
Table 17 India: Market, By IVHM Technology,2014-2020 ($Million)
Table 18 India: AHMS Market, By Sub-System, 2014-2020 ($Million)
Table 19 Japan: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 20 Japan: Market, By Procurement, Integration, & Maintenance ,2014-2020 ($Million)
Table 21 Japan: Market, By Procurement,2014-2020,($Million)
Table 22 Japan: Market, By IVHM Technology,2014-2020 ($Million)
Table 23 Japan: AHMS Market, By Sub-System, 2014-2020 ($Million)
Table 24 Europe: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 25 Europe: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 26 Europe: Market, By Procurement, 2014-2020,($Million)
Table 27 Europe: Market, By IVHM Technology,2014-2020 ($Million)
Table 28 Europe: AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 29 U.K.: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 30 U.K.: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 31 U.K.: Market, By Procurement, 2014-2020 ($Million)
Table 32 U.K.: Market, By IVHM Technology,2014-2020 ($Million)
Table 33 U.K.: AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 34 Germany: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 35 Germany: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 36 Germany: Market, By Procurement, 2014-2020 ($Million)
Table 37 Germany: Market, By IVHM Technology,2014-2020 ($Million)
Table 38 Germany: AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 39 France: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 40 France: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 41 France: Market, By Procurement, 2014-2020 ($Million)
Table 42 France: Market, By IVHM Technology,2014-2020 ($Million)
Table 43 France: AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 44 North America: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 45 North America: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 46 North America: Market, By Procurement, 2014-2020 ($Million)
Table 47 North America: Market, By IVHM Technology,2014-2020 ($Million)
Table 48 North America: Commercial AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 49 U.S.: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 50 U.S.: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 51 U.S.: Market, By Procurement, 2014-2020 ($Million)
Table 52 U.S.: Market, By IVHM Technology,2014-2020 ($Million)
Table 53 U.S.: Commercial AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 54 Canada: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 55 Canada: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 56 Canada: Market, By Procurement, 2014-2020 ($Million)
Table 57 Canada: Market, By IVHM Technology,2014-2020 ($Million)
Table 58 Canada: Commercial AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 59 Middle East: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 60 Middle East: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 61 Middle East: Market, By Procurement, 2014-2020 ($Million)
Table 62 Middle East: Market, By IVHM Technology,2014-2020 ($Million)
Table 63 Middle East: Commercial AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 64 U.A.E.: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 65 UAE.: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 66 UAE.: Market, By Procurement, 2014-2020 ($Million)
Table 67 U.A.E.: Market, By IVHM Technology,2014-2020 ($Million)
Table 68 U.A.E.: Commercial AHMS Market, By Sub-Systems, 2014-2020 ($Million)
Table 69 Saudi Arabia: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 70 Saudi Arabia: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 71 Saudi Arabia: Market, By Procurement, 2014-2020 ($Million)
Table 72 Saudi Arabia: Market, By IVHM Technology,2014-2020 ($Million)
Table 73 Saudi Arabia: Market, By Sub-Systems, 2014-2020 ($Million)
Table 74 Latin America: Commercial AHMS Market, By Aircraft Type, 2014-2020 ($Million)
Table 75 Africa: Commercial Aircraft Health Monitoring Systems Market, By Aircraft Type, 2014-2020 ($Million)
Table 76 Latin America: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 77 Africa: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 78 Latin America: Market, By Procurement, 2014-2020 ($Million)
Table 79 Africa: Market, By Procurement, 2014-2020 ($Million)
Table 80 Latin America: Market, By IVHM Technology,2014-2020 ($Million)
Table 81 Africa: Market, By IVHM Technology,2014-2020 ($Million)
Table 82 Row: Market, By Sub-Systems, 2014-2020 ($Million)
Table 83 Brazil: Market, By Aircraft Type, 2014-2020 ($Million)
Table 84 South Africa: Market, By Aircraft Type, 2014-2020 ($Million)
Table 85 Brazil: Market, By Procurement, Integration, & Maintenance 2014-2020 ($Million)
Table 86 South African: Market, By Procurement,Integration, & Maintenance 2014-2020 ($Million)
Table 87 Brazil: Market, By Procurement, 2014-2020 ($Million)
Table 88 South African: Market, By Procurement, -2020 ($Million)
Table 89 Brazil: Market, By IVHM Technology,2014-2020 ($Million)
Table 90 South Africa: Market, By IVHM Technology,2014-2020 ($Million)
Table 91 Brazil: Market, By Sub-Systems, 2014-2020 ($Million)
Table 92 South Africa: Market, By Sub-Systems, 2014-2020 ($Million)
 
 
List Of Figures ( 70 Figures)

Figure 1 Market Scope
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Break Down Of Primary Interviews: By Company Type, Designation, & Region
Figure 6 Data Triangulation
Figure 7 Asia Pacific To Dominate The Market
Figure 8 Latin American Market To Grow Progressively During The Forecast Period
Figure 9 Asia-Pacific Commands Over One Third Of The Market
Figure 10 Procurement And Integration: Key Countries
Figure 11 Expert Opinions On The Market
Figure 12 Configuration Of IVHM
Figure 13 Attractive Market Opportunity
Figure 14 Advanced Analytics: Big Data Has A Crucial Role To Play
Figure 15 Transcending From NDT To SHM: Reaping The Benefits
Figure 16 Mh370: Expert Opinion
Figure 17 Fuselage Accounts For More Than 80% Of The Fatigue Cracks
Figure 18 Location Of Crack Initiation
Figure 19 Asia-Pacific: A Booming Aircraft Health Monitoring Systems Market
Figure 20 U.S. And China Will Witness Significant Growth During The Forecast Period
Figure 21 South Asia And China To Lead The Annual GDP Growth
Figure 22 Asia-Pacific And The Middle East To Spur The Annual Air Traffic Growth  Rate 
Figure 23 Narrow Body Aircraft: A Hot Revenue Pocket For AHMS
Figure 24 Boeing: As A Market Leader
Figure 25 AHMS Concept
Figure 26 Evolution
Figure 27 Market Segmentation
Figure 28 Increase In Aircraft Orders And Cost-Effective Maintenance  Will Spur The AHMS Market
Figure 29 Increasing Aircraft Orders
Figure 30 Organizational Challenges In The AHMS Market
Figure 31 Product Lifecycle
Figure 32 Supply Chain Analysis
Figure 33 Pest Analysis Of Matured And Emerging Markets
Figure 34 Pricing Trend To Decline By 2% To 3% During The Forecast Period
Figure 35 Commercial AHMS Market, VLA Segment
Figure 36 Market, WBA Segment
Figure 37 Market, NBA Segment
Figure 38 Market, RTA Segment
Figure 39 Market, Rotarywing Aircraft Segment
Figure 40 Market, By Aero Propulsion
Figure 41 Market, By Aircraft Structures
Figure 42 Market, By Ancillary Systems
Figure 43 Market, By Avionics
Figure 44 Market: By Prognostics
Figure 45 Commercial APAC AHMS Market To Grow Rapidly During The Forecast Period
Figure 46 Market: By Condition-Based Maintenance & Adaptive Control To Reduce The Aircraft Maintenance Costs Significantly
Figure 47 Asia-Pacific Commercial AHMS Market China Is A Key Growing Country
Figure 48 Europe Commercial AHMS Market Narrow Body Is A Key Segment
Figure 49 North America Commercial AHMS Market:
Figure 50 The Middle East Commercial AHMS Market- U.A.E The Lucrative Market
Figure 51 Competitive Landscape, By Company (2013): Boeing And Airbus Duopoly
Figure 52 Battle For Marketshare: Contracts & Agreements Is The Key
Figure 53 Inorganic Growth Strategies To Lead The AHMS Market
Figure 54 Geographic Revenue Mix Of Top 5 Market Players
Figure 55 The Boeing Company: Business Overview
Figure 56 SWOT Analysis
Figure 57 Airbus: Business Overview
Figure 58 SWOT Analysis
Figure 59 Business Overview
Figure 60 SWOT Analysis
Figure 61 Business Overview
Figure 62 SWOT Analysis
Figure 63 Business Overview
Figure 64 SWOT Analysis
Figure 65 Business Overview
Figure 66 Meggitt: Business Overview
Figure 67 Rockwell Collins: Business Overview
Figure 68 Rolls Royce: Business Overview
Figure 69 RSL Electronics: Business Overview
Figure 70 Acellent Technologies: Business Overview 

The global commercial aircraft health monitoring systems market is estimated to be at $2,253.01 million in 2014 and is expected to reach $3,337.67million by 2020, registering a CAGR of 6.77%.

This report segments the aircraft health monitoring systems (AHMS) market on the basis of technology, aircraft type, sub-systems, and regions. Further, it contains revenue forecasts and analyses technological trends that are predominant in this market. The geographical analysis contains an in-depth analysis for the Americas, Europe, APAC, the Middle East, and ROW. The analysis is subject to the countries that cover the said market. The sections and sub-segments in the report contain drivers, restraints, opportunities, challenges, and current market trends that are expected to revolutionize this market.

There is a bullish trend towards the IVHM technology adopted by the market leaders in this market. Single-aisle aircraft segment is expected to witness a rapid growth during the forecast period. To support airplane fuel efficiency, initiatives to optimize flight planning, aircraft health monitoring systems analyze the performance data, which includes fuel efficiency, emission levels and other performance factors. Real-time fault diagnosis is enabled using manual and automatic uplinks to the airplane. North America is expected to witness a slight decline in the market share, during the forecast period, due to low aircraft deliveries compared to other regions. China, India, Brazil, the UAE, and Saudi Arabia are identified as the key countries for demand analysis in this market.

The engineering design models deployed are expected to be crucial to this market, as the efficiency of the AHMS system, would be determined by them. Increase in aircraft deliveries, asset utilization, and focus on enhancing safety for the customers, are identified as the major drivers in this market. Delays in certification clearances, lack of expertise, long product lifecycles, and environmental parameters are the major restraints in this market. Installation of sensors, standardization, data bus limitations, and keeping the system responsive are the major challenges the market needs to address, during the forecast period.

The aircraft health monitoring systems market has become quite competitive with the presence of key players such as Boeing, Airbus, Rolls Royce, United Technologies (Pratt & Whitney), Honeywell International, and Meggitt. Emerging players in this market such as Ultra Electronics Holdings, RSL Electronics, and Accellent technologies have consolidated their product offerings in this market.  A competitive landscape with respect to the aforementioned players and their market share has also been provided in the report.

The AHMS will undoubtedly be beneficial, from an economic perspective. From a cost perspective, several external factors can also influence aircraft costs in the future. Fuel price is the most direct form of exogenous factors that is expected to impact the aircraft cost. Health monitoring systems are expected to play a crucial role in increasing the efficiency of the aircraft.

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