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Contracts was the Key Strategy Adopted by the Industry Players to Grow in the Aircraft Health Monitoring Systems Market
The aircraft health monitoring systems market report profiles the key players, such as Airbus Group (Netherlands), Boeing Company (U.S.), United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.) and General Electric Company (U.S.) among others in the aircraft health monitoring systems market. These companies are estimated to account for a major share of the aircraft health monitoring systems market. These companies also have their manufacturing facilities across key regions such as North America and Europe, with a strong distribution network. The companies adopted growth strategies, such as contracts, new product developments, agreements and collaborations to capture the majority share of the aircraft health monitoring systems market.
The companies operating in the aircraft health monitoring systems market have adopted these strategies to supply advanced products and services to customers, and strengthen their product portfolio. Airbus Group (Netherlands), Boeing Company (U.S.), United Technologies Corporation (U.S.), and Honeywell International, Inc. (U.S.) are some of the leading companies of the aircraft health monitoring systems market that have adopted these strategy to enhance their businesses.
On April 2016, Cathay Pacific Airways, a Hong Kong-based airline, selected Airbus to deliver FHS (Flight Hour Services) for its fleet of A350 XWBs to provide component support. This deal will help the airline in terms of maintenance and logistics, by making spare parts available for the engineers on time.
On April 2016, Airbus launched its new web-based application, named Prognostics and Risk Management (PRM), with Delta Airlines. PRM provides assistance to maintenance teams in detecting any malfunction of components in advance. This application will help Delta Airlines in monitoring their aircraft components before aircraft take-off time, thus enhancing aircraft availability and unscheduled maintenance. This is likely to help Airbus to increase its market share in the aircraft health monitoring systems market.
On July 2015, Boeing signed a contract with Oman Air to provide component service program, loadable software airplane parts service, and airplane health management to the airline’s 787 Dreamliners. These services will help Oman Air to reduce the maintenance time and cost.
On February 2016, UTC Aerospace Systems received a contract worth USD 15.8 Million to deliver health usage monitoring systems (HUMS) for Department of the Navy helicopters built in Vermont. This systems help diagnose aircraft component conditions. This is likely to help UTC Aerospace Systems to offer better products in the aircraft health monitoring systems market.
On April 2016, Honeywell Aerospace signed a distribution agreement with Vibratech International, a Honeywell-licensed, condition-based maintenance services and technical support provider; based in Shenzhen, China. This agreement will help Honeywell grow its Health and Usage Monitoring System (HUMS) distribution network, providing better support for helicopter operators in China. This is likely to help Honeywell Aerospace to offer differentiated products in the aircraft health monitoring systems market.
Aircraft Health Monitoring System Market by IVHM Technology (Prognostic, Diagnostic, CBM & Adaptive Control), Sub-System (Aero-Propulsion, Aircraft Structure, Avionics And Ancillary System), Fit, Type & Region - Global Forecast to 2021
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