Commercial Aircraft Health Monitoring Systems Market (2012 - 2017)

Aircraft Health Monitoring Systems is an emerging technology that enables systems to continuously monitor aircraft structures for damage. Aircraft HMS market covers Aero-propulsion systems, Aircraft structures and Ancillary systems. Aero- Propulsion Systems encompasses the primary and auxiliary power units on an aircraft. The Aircraft Structures includes all the structural elements of an aircraft and its sub-systems. These Aircraft structures include fuselage, wings and flight controls surfaces. Ancillary systems includes all the other sub-systems related to economic and safety perspectives like Brakes, power distribution systems, wheels, environmental control systems and fuel distribution systems.

This research report analyzes the Aircraft Health Monitoring Systems (HMS) Market for commercial aviation sector. It focuses on the HMS for complex system which requires adequate monitoring for timely maintenance and to ensure flight safety. HMS is associated with the integration of sensors, controllers, signal processors and actuators. The report provides insights on the market, key market players, drivers, restraints, challenges and future scope of the market. The report also analyzes the market for aircraft Health Monitoring Systems in the base year of the study and future growth potential across different aircraft types and HMS types.

This study estimates the global market by the end of 2017. This market research study provides detailed qualitative and quantitative analysis of the global Aircraft Health Monitoring systems market. This study provides a detailed insight of the recent developments and emerging application along with the market forecast, region wise from 2012 to 2017.

 KEY TAKE-AWAYS

• Aircraft HMS market covers Aero-propulsion systems, Aircraft structures and Ancillary systems.
• HMS focuses on complex systems which require adequate monitoring for timely maintenance and to ensure flight safety.
• Application of these technologies of Aircraft HMS can provide more significant benefits of quicker and reliable maintenance and will also reduce the cost of ownership and ensure safety.
• Health monitoring systems for aircrafts minimize maintenance, eliminate errors and improve aircraft availability.

 MARKETS COVERED

Source: MarketsandMarkets Analysis

 STAKE HOLDERS

• Aircraft HMS manufacturers
• Aircraft manufacturers
• Engine manufacturers
• Sensor and Actuators manufacturers
• MRO
• Airlines
• Aviation Regulation bodies
• Passengers

 RESEARCH METHODOLOGY

A Bottoms-up approach is used to estimate the market size of Aircraft HMS. This report comprises of both primary and secondary research.

Key Data from Primary Sources: The primary research is comprised of interviews conducted with Top Management, Vice Presidents, Directors, senior executives and/or managers of the key players in the Aircraft Health Monitoring systems market like the Aircraft HMS manufacturers, Aircraft manufacturers, Engine manufacturers, Sensor and Actuators manufacturers and Airlines. Respondents were led through a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies, and views on the overall market, including market dynamics, key developments, and technology trends.

• Market Share of the Aircraft HMS manufacturers
• Rules and regulations of the governing bodies
• Forecasting about the Aircraft HMS market

Key Data from the Secondary Sources: Various secondary research sources were used such as podcasts, websites, directories, articles, blogs and press releases to collect information in addition to the primary data collected for the Aircraft HMS market.

• Segmentation according to the aircraft type and geographies
• Segment-wise break-up
• Market revenue evaluation of the key players of HMS market

TABLE OF CONTENTS
 
1 INTRODUCTION
  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION 
  1.3 MARKETS COVERED 
  1.4 STAKEHOLDERS 
  1.5 RESEARCH METHODOLOGY 
      1.5.1 KEY DATA FROM PRIMARY SOURCES
      1.5.2 1.5.2 KEY DATA FROM THE SECONDARY SOURCES
 
2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW
  3.1 MARKET DEFINITION
  3.2 AIRCRAFT HEALTH MONITORING SYSTEMS OVERVIEW 
  3.3 BENEFITS OF AIRCRAFT HEALTH MONITORING SYSTEM
  3.4 TECHNOLOGICAL ADVANCEMENTS 
  3.5 MARKET SEGMENTATION 
      3.5.1 MARKET SEGMENTED BY AIRCRAFT TYPE
      3.5.2 MARKET SEGMENTED BY HEALTH MONITORING SYSTEMS

4 MARKET DYNAMICS
  4.1 DRIVERS
      4.1.1 IMPROVED FLIGHT SAFETY
      4.1.2 REDUCES UNSCHEDULED MAINTENANCE
      4.1.3 IMPROVED AIRCRAFT PERFORMANCE
      4.1.4 COST-EFFECTIVE MAINTENANCE
      4.1.5 UNINTERRUPTED OPERATION
      4.1.6 IMPACT ANALYSIS OF THE DRIVERS
  4.2 RESTRAINTS
      4.2.1 GOVERNMENT REGULATIONS
      4.2.2 DIFFICULTY TO MATCH ENVIRONMENTAL PARAMETERS
      4.2.3 LACK OF EXPERTISE
      4.2.4 IMPACT ANALYSIS OF THE RESTRAINTS
  4.3 CHALLENGES
      4.3.1 TO DETERMINE LEVEL OF NEEDED INFORMATION
      4.3.2 LARGE NUMBER OF AIRCRAFTS
 
5 MARKET ANALYSIS & FORECAST
  5.1 MARKET ANLYSIS BY AIRCRAFT TYPE
      5.1.1 VLA HMS MARKET
      5.1.2 WB HMS MARKET
      5.1.3 NB HMS MARKET
      5.1.4 RTA HMS MARKET
  5.2 MARKET ANALYSIS BY HMS TYPE
      5.2.1 AERO-PROPULSION
      5.2.2 AIRCRAFT STRUCTURES
      5.2.3 ANCILLARY SYSTEMS
  5.3 MARKET ANALYSIS BY AIRCRAFT FIT
      5.3.1 VLA AIRCRAFT FIT MARKET
      5.3.2 NB AIRCRAFT FIT MARKET
      5.3.3 WB AIRCRAFT FIT MARKET
      5.3.4 RTA AIRCRAFT FIT MARKET  
  5.4 GLOBAL MARKET  

6 COMPETITIVE LANDSCAPE
  6.1 MERGERS AND ACQUISITIONS
  6.2 COLLABORATIONS/PARTNERSHIPS/AGREEMENTS/JOINT VENTURES
  6.3 CONCENTRATION OF AIRCRAFT HEALTH MONITORING SYSTEMS COMPANIES
  6.4 MARKET SHARES OF AIRCRAFT HEALTH MONITORING SYSTEMS COMPANIES
 
7 COMPANY PROFILES
  7.1 BOEING
      7.1.1 OVERVIEW
      7.1.2 PRODUCTS AND SERVICES
      7.1.3 NEW DEVELOPMENTS
  7.2 AIRUS
      7.2.1 OVERVIEW
      7.2.2 PRODUCTS AND SERVICES
      7.1.3 NEW DEVELOPMENTS
  7.3 GE AVIATION 
      7.3.1 OVERVIEW
      7.3.2 PRODUCTS AND SERVICES
      7.3.3 NEW DEVELOPMENTS
  7.4 RSL ELECTRONICS LTD
      7.4.1 OVERVIEW
      7.4.2 PRODUCTS AND SERVICES
      7.4.3 NEW DEVELOPMENTS
  7.5 PRATT & WHITNEY
      7.5.1 OVERVIEW
      7.5.2 PRODUCTS AND SERVICES
      7.5.3 NEW DEVELOPMENTS
  7.6 GOODRICH
      7.6.1 OVERVIEW
      7.6.2 PRODUCTS AND SERVICES
      7.6.3 NEW DEVELOPMENTS
  7.7 MEGGITT
      7.7.1 OVERVIEW
      7.7.2 PRODUCTS AND SERVICES

LIST OF TABLES

1) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE FORECAST, 2012-2017 ($MILLION)
2) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-VLA, 2012-2017 ($MILLION)
3) REVENUE BY AIRCRAFT TYPE-VLA, 2012 ($MILLION)
4) REVENUE BY AIRCRAFT TYPE-VLA, 2013 ($MILLION)
5) REVENUE BY AIRCRAFT TYPE-VLA, 2014 ($MILLION)
6) REVENUE BY AIRCRAFT TYPE-VLA, 2015 ($MILLION)
7) REVENUE BY AIRCRAFT TYPE-VLA, 2016 ($MILLION)
8) REVENUE BY AIRCRAFT TYPE-VLA, 2017 ($MILLION)
9) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-WB, 2012-2017 ($MILLION)
10) REVENUE BY AIRCRAFT TYPE-WB, 2012 ($MILLION)
11) REVENUE BY AIRCRAFT TYPE-WB, 2013 ($MILLION)
12) REVENUE BY AIRCRAFT TYPE-WB, 2014 ($MILLION)
13) REVENUE BY AIRCRAFT TYPE-WB, 2015 ($MILLION)
14) REVENUE BY AIRCRAFT TYPE-WB, 2016 ($MILLION)
15) REVENUE BY AIRCRAFT TYPE-WB, 2017 ($MILLION)
16) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-NB, 2012-2017 ($MILLION)
17) REVENUE BY AIRCRAFT TYPE-NB, 2012 ($MILLION)
18) REVENUE BY AIRCRAFT TYPE-NB, 2013 ($MILLION)
19) REVENUE BY AIRCRAFT TYPE-NB, 2014 ($MILLION)
20) REVENUE BY AIRCRAFT TYPE-NB, 2015 ($MILLION)
21) REVENUE BY AIRCRAFT TYPE-NB, 2016 ($MILLION)
22) REVENUE BY AIRCRAFT TYPE-NB, 2017 ($MILLION)
23) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-RTA, 2012-2017 ($MILLION)
24) REVENUE BY AIRCRAFT TYPE-RTA, 2012 ($MILLION)
25) REVENUE BY AIRCRAFT TYPE- RTA, 2013 ($MILLION)
26) REVENUE BY AIRCRAFT TYPE- RTA, 2014 ($MILLION)
27) REVENUE BY AIRCRAFT TYPE- RTA, 2015 ($MILLION)
28) REVENUE BY AIRCRAFT TYPE- RTA, 2016 ($MILLION)
29) REVENUE BY AIRCRAFT TYPE- RTA, 2017 ($MILLION)
30) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY HMS TYPE- AERO-PROPULSION, 2012-2017 ($MILLION)
31) REVENUE BY HMS TYPE- AERO-PROPULSION, 2012 ($MILLION)
32) REVENUE BY HMS TYPE- AERO-PROPULSION, 2013 ($MILLION)
33) REVENUE BY HMS TYPE- AERO-PROPULSION, 2014 ($MILLION)
34) REVENUE BY HMS TYPE- AERO-PROPULSION, 2015 ($MILLION)
35) REVENUE BY HMS TYPE- AERO-PROPULSION, 2016 ($MILLION)
36) REVENUE BY HMS TYPE- AERO-PROPULSION, 2017 ($MILLION)
37) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE 2012-2017 ($MILLION)
38) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2012 ($MILLION)
39) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2013 ($MILLION)
40) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2014 ($MILLION)
41) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2015 ($MILLION)
42) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2016 ($MILLION)
43) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE 2017 ($MILLION)
44) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY HMS TYPE- ANCILLARY SYSTEM, 2012-2017 ($MILLION)
45) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2012 ($MILLION)
46) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2013 ($MILLION)
47) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2014 ($MILLION)
48) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2015 ($MILLION)
49) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2016 ($MILLION)
50) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2017 ($MILLION)
51) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-VLA, 2012-2017 ($MILLION)
52) REVENUE BY AIRCRAFT FIT-VLA, 2012 ($MILLION)
53) REVENUE BY AIRCRAFT FIT-VLA, 2013 ($MILLION)
54) REVENUE BY AIRCRAFT FIT-VLA, 2014 ($MILLION)
55) REVENUE BY AIRCRAFT FIT-VLA, 2015 ($MILLION)
 56) REVENUE BY AIRCRAFT FIT-VLA, 2016 ($MILLION)
57) REVENUE BY AIRCRAFT FIT-VLA, 2017 ($MILLION)
58) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-NB, 2012-2017 ($MILLION)
59) REVENUE BY AIRCRAFT FIT-NB, 2012 ($MILLION)
60) REVENUE BY AIRCRAFT FIT-NB, 2013 ($MILLION)
61) REVENUE BY AIRCRAFT FIT-NB, 2014 ($MILLION)
62) REVENUE BY AIRCRAFT FIT-NB, 2015 ($MILLION)
63) REVENUE BY AIRCRAFT FIT-NB, 2016 ($MILLION)
64) REVENUE BY AIRCRAFT FIT-NB, 2017 ($MILLION)
65) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-WB, 2012-2017 ($MILLION)
66) REVENUE BY AIRCRAFT FIT-WB, 2012 ($MILLION)
67) REVENUE BY AIRCRAFT FIT-WB, 2013 ($MILLION)
68) REVENUE BY AIRCRAFT FIT-WB, 2014 ($MILLION)
69) REVENUE BY AIRCRAFT FIT-WB, 2015 ($MILLION)
70) REVENUE BY AIRCRAFT FIT-WB, 2016 ($MILLION)
71) REVENUE BY AIRCRAFT FIT-WB, 2017 ($MILLION)
72) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-RTA, 2012-2017 ($MILLION)
73) REVENUE BY AIRCRAFT FIT-RTA, 2012 ($MILLION)
74) REVENUE BY AIRCRAFT FIT-RTA, 2013 ($MILLION)
75) REVENUE BY AIRCRAFT FIT-RTA, 2014 ($MILLION)
76) REVENUE BY AIRCRAFT FIT-RTA, 2015 ($MILLION)
77) REVENUE BY AIRCRAFT FIT-RTA, 2016 ($MILLION)
78) REVENUE BY AIRCRAFT FIT-RTA, 2017 ($MILLION)
79) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE FORECAST, 2012-2017 ($MILLION)

LIST OF FIGURES

1) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE FORECAST, 2012-2017 (%)
2) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-VLA, 2012-2017 (%)
3) REVENUE BY AIRCRAFT TYPE-VLA, 2012 (%)
4) REVENUE BY AIRCRAFT TYPE-VLA, 2013 (%)
5) REVENUE BY AIRCRAFT TYPE-VLA, 2014 (%)
6) REVENUE BY AIRCRAFT TYPE-VLA, 2015 (%)
7) REVENUE BY AIRCRAFT TYPE-VLA, 2016 (%)
8) REVENUE BY AIRCRAFT TYPE-VLA, 2017 (%)
9) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE BY AIRCRAFT TYPE-WB, 2012-2017 (%)
10) REVENUE BY AIRCRAFT TYPE-WB, 2012 (%)
11) REVENUE BY AIRCRAFT TYPE-WB, 2013 (%)
12) REVENUE BY AIRCRAFT TYPE-WB, 2014 (%)
13) REVENUE BY AIRCRAFT TYPE-WB, 2015 (%)
14) REVENUE BY AIRCRAFT TYPE-WB, 2016 (%)
15) REVENUE BY AIRCRAFT TYPE-WB, 2017 (%)
16) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT TYPE-NB, 2012-2017 (%)
17) REVENUE BY AIRCRAFT TYPE-NB, 2012 (%)
18) REVENUE BY AIRCRAFT TYPE-NB, 2013 (%)
19) REVENUE BY AIRCRAFT TYPE-NB, 2014 (%)
20) REVENUE BY AIRCRAFT TYPE-NB, 2015 (%)
21) REVENUE BY AIRCRAFT TYPE-NB, 2016 (%)
22) REVENUE BY AIRCRAFT TYPE-NB, 2017 (%)
23) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE BY AIRCRAFT TYPE-RTA, 2012-2017 (%)
24) REVENUE BY AIRCRAFT TYPE-RTA, 2012 (%)
25) REVENUE BY AIRCRAFT TYPE- RTA, 2013 (%)
26) REVENUE BY AIRCRAFT TYPE- RTA, 2014 (%)
27) REVENUE BY AIRCRAFT TYPE- RTA, 2015 (%)
28) REVENUE BY AIRCRAFT TYPE- RTA, 2016 (%)
29) REVENUE BY AIRCRAFT TYPE- RTA, 2017 (%)
30) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY HMS TYPE- AERO-PROPULSION, 2012-2017 (%)
31) REVENUE BY HMS TYPE- AERO-PROPULSION, 2012 (%)
32) REVENUE BY HMS TYPE- AERO-PROPULSION, 2013 (%)
33) REVENUE BY HMS TYPE- AERO-PROPULSION, 2014 (%)
34) REVENUE BY HMS TYPE- AERO-PROPULSION, 2015 (%)
35) REVENUE BY HMS TYPE- AERO-PROPULSION, 2016 (%)
36) REVENUE BY HMS TYPE- AERO-PROPULSION, 2017 (%)
37) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE 2012-2017 (%)
38) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2012 (%)
39) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2013 (%)
40) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2014 (%)
41) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2015 (%)
42) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE, 2016 (%)
43) REVENUE BY HMS TYPE- AIRCRAFT STRUCTURE 2017 (%)
44) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY HMS TYPE- ANCILLARY SYSTEM, 2012-2017 (%)
45) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2012 (%)
46) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2013 (%)
47) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2014 (%)
48) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2015 (%)
49) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2016 (%)
50) REVENUE BY HMS TYPE- ANCILLARY SYSTEM 2017 (%)
51) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE BY AIRCRAFT FIT-VLA, 2012-2017 (%)
52) REVENUE BY AIRCRAFT FIT-VLA, 2012 (%)
53) REVENUE BY AIRCRAFT FIT-VLA, 2013 (%)
54) REVENUE BY AIRCRAFT FIT-VLA, 2014 (%)
55) REVENUE BY AIRCRAFT FIT-VLA, 2015 (%)
56) REVENUE BY AIRCRAFT FIT-VLA, 2016 (%)
57) REVENUE BY AIRCRAFT FIT-VLA, 2017 (%)
58) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-NB, 2012-2017 (%)
59) REVENUE BY AIRCRAFT FIT-NB, 2012 (%)
60) REVENUE BY AIRCRAFT FIT-NB, 2013 (%)
61) REVENUE BY AIRCRAFT FIT-NB, 2014 (%)
62) REVENUE BY AIRCRAFT FIT-NB, 2015 (%)
63) REVENUE BY AIRCRAFT FIT-NB, 2016 (%)
64) REVENUE BY AIRCRAFT FIT-NB, 2017 (%)
65) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE BY AIRCRAFT FIT-WB, 2012-2017 (%)
66) REVENUE BY AIRCRAFT FIT-WB, 2012 (%)
67) REVENUE BY AIRCRAFT FIT-WB, 2013 (%)
68) REVENUE BY AIRCRAFT FIT-WB, 2014 (%)
69) REVENUE BY AIRCRAFT FIT-WB, 2015 (%)
70) REVENUE BY AIRCRAFT FIT-WB, 2016 (%)
71) REVENUE BY AIRCRAFT FIT-WB, 2017 (%)
72) GLOBAL COMMERCIAL AIRCRAFT HEALTH MONITORING SYSTEMS MARKET, REVENUE BY AIRCRAFT FIT-RTA, 2012-2017 (%)
73) REVENUE BY AIRCRAFT FIT-RTA, 2012 (%)
74) REVENUE BY AIRCRAFT FIT-RTA, 2013 (%)
75) REVENUE BY AIRCRAFT FIT-RTA, 2014 (%)
76) REVENUE BY AIRCRAFT FIT-RTA, 2015 (%)
77) REVENUE BY AIRCRAFT FIT-RTA, 2016 (%)
78) REVENUE BY AIRCRAFT FIT-RTA, 2017 (%)
79) GLOBAL COMMERCIAL AIRCRAFT HMS MARKET, REVENUE FORECAST, 2012-2017 (%)

Health Monitoring System paves the way to increase operational efficiency of an airline.

Aircraft Health Monitoring System (HMS) is an evolving technology which aims a proactive maintenance approach than an existing reactive maintenance model. HMS approach helps the aircraft maintenance engineers to replace a component and thereby avoid AOG. The main objective behind this report is to identify the emerging trends in this growing market and understand the market dynamics during the study period (2012-2017).

The current market size is estimated to be US$896 Million. Aircraft Health Monitoring System (HMS) is expected to grow at a CAGR of 2.06% during the forecasted period (2012-2017). Aircraft HMS market covers Aero-propulsion systems, Aircraft structures and Ancillary systems. The Aero-propulsion systems include power units, engines and other mechanical systems that are driven by primary and auxiliary power units. Aircraft Structures include all the structural elements of an aircraft and its sub-systems. These aircraft structures include fuselage, flight control systems, wings etc. The Ancillary systems are used to ensure safety and reliability perspectives and these systems include brakes, power distribution systems, environmental control systems etc. Application Aircraft HMS can provide more significant benefits of quicker and reliable maintenance and will also reduce the cost of ownership and ensure safety.

Source: MarketsandMarkets Analysis

Source: MarketsandMarkets Analysis

The health monitoring systems for aircrafts is segmented into three types of HMS as Aero-Propulsion systems, Aircraft Structures and Ancillary Systems. The market size estimation will be $896.0 million in 2012 to $992.0 million in 2017. The estimated CAGR for 2012 to 2017 is 2.1%. Revenues for the global market can be projected to increase year on year, on an average of 2.1%. Aircraft Health Monitoring Systems Market is projected to increase over the forecast period from 2012 to 2017.

Source: MarketsandMarkets Analysis