An aircraft health monitoring system (AHMS) is a system that monitors the health and performance of an aircraft in real time using sensors and other data sources. The AHMS is meant to collect data from numerous aircraft systems and subsystems, including as engines, avionics, and structures, in order to detect any anomalies or possible difficulties that could jeopardize the aircraft's safety or efficiency. To analyse the received data and create insights and actionable information for pilots and maintenance crews, the AHMS often leverages various data analytics techniques like as statistical analysis, machine learning, and artificial intelligence algorithms. This data can be utilised to identify potential maintenance concerns, optimise maintenance schedules, and improve overall aircraft safety and efficiency. The AHMS software provides a comprehensive perspective of the aircraft's health and performance, allowing operators to make informed maintenance, repair, and operational decisions. The technology can also provide real-time notifications to ground-based maintenance and operations people, allowing them to respond to any problems as they develop. The aircraft health monitoring systems market size is projected to grow from USD 6.3 Billion in 2023 to USD 8.6 Billion by 2028, at a CAGR of 6.5 %.
Agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the aircraft health monitoring market. In 2019, Airbus has launched the first operation of new Skywise service that is – Skywise Health Monitoring (SHM) – with Allegiant Air on its A320s. that is Dynamically coupled with Skywise Reliability Services (SRS) and Skywise Predictive Maintenance (SPM), SHM is hosted on Skywise, gathering live diagnostic feeds from aircraft through its ACARS link to the airline’s information system. Using the power of the Skywise aviation data platform, Skywise Health Monitoring collates and centralizes the alerts, flight-deck effects, maintenance messages, etc., prioritizes them, correlates any faults with the relevant troubleshooting procedures.
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Major players operating in the aircraft health monitoring market include Safran (France), Airbus S.E (Netherlands), Raytheon Technologies Corporation (US), Honeywell International Inc (US), Teledyne Technologies Inc (US), among others. These key players offer aircraft health monitoring across different industries, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East, African, and Latin American regions.
Airbus SE is a manufacturer of aeronautical and defence products as well as related services. Commercial aircraft, passenger aircraft, business jets, military aircraft, space systems, space exploration systems, earth observation systems, navigation systems, orbital systems, telecom satellites, and unmanned aerial systems (UAS) are all available from the corporation. Airbus' key aircrafts include the A220, A320, A350 XWB, A380, and A330 families, as well as its corporate jet portfolio, which includes the ACJ319neo, ACJ320 neo, ACJ330 neo, and ACJ350 XWB. The firm also sells helicopters such as the H145, H175, H215, H225, NH90, H135, and AS365 N3. It supports commercial firms, governments, and a variety of businesses. Airbus operates throughout Europe, the Americas, Asia-Pacific, the Middle East, and Africa. The headquarters of the corporation are in Leiden, the Netherlands.
Raytheon Technologies Corporation
Raytheon Technologies Corporation manufactures and sells technologies to the aerospace and defence industries. It manufactures commercial, general aviation, and military aircraft engines, as well as flight systems and power generating management and distribution systems. Command and control, navigation and communications, air dominance, cybersecurity, air warfare, counter UAS, decision superiority, hypersonics, naval warfare, missile defence, ground warfare, and space solutions are also available from the corporation. It also offers aftermarket maintenance, repair, and overhaul (MRO), technical services, information management, and fleet management. It is active in the Americas, Europe, Asia-Pacific, Africa, and the Middle East. The company's headquarters are in Waltham, Massachusetts, in the United States.
The Boeing Company
The Boeing Company designs, manufactures, and distributes aerospace and defence goods. Commercial jetliners, military aircraft, satellites, weaponry, defence systems, and advanced information and communication technologies are all part of the company's product portfolio. It provides military rotorcraft, tilt-rotor aircraft, tanker aircraft, anti-submarine aircraft, helicopters, and other assault aircraft. It caters to both government and commercial clients. The company also offers maintenance, logistics, modifications, training, and other support services to the commercial aviation industry around the world. It operates throughout Europe, the Middle East, North and South America, Africa, and Asia-Pacific. The company's headquarters are in Chicago, Illinois, in the United States.
General Electric Company
General Electric Company provides financial and industrial services. The company's products and services include aviation engines and helicopters, gas and steam turbines, hydropower production, industrial, medical imaging equipment, patient monitoring and diagnostics, digital solutions, and financing and industrial products. It also provides financial solutions, underwriting, working capital, and insurance services. Oil and gas, telecommunications, water, mining, transportation, aerospace, electricity, metallurgy, and healthcare are among the industries served by GE. It operates in the Americas, Europe, Asia, the Middle East, and Africa. The company's headquarters are in Boston, Massachusetts, in the United States.
Honeywell International Inc.
Honeywell International Inc. is a multinational technology and manufacturing company with customers all over the world. The company provides aerospace products and services, energy efficient products and solutions for homes, businesses, and transportation, electronic and advanced materials, refining and petrochemical process technology, and productivity, sensing, safety, and security technologies for buildings, homes, and industries. Honeywell's production, sales, service, and R&D operations are primarily concentrated in the United States, Europe, Canada, Asia, and South America. Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions are the company's four main business segments. Corvus Energy (Canada) is ranked second in the marine battery market. The company is well-known for its energy storage system solutions in the European and North American regions.
Aircraft Health Monitoring Market by Platform (Civil, Military, & Advanced Air Mobility Aviation), Installation (Onboard, On Ground), Fit (Linefit, Retrofit), End User, Solution, Technology, System, Operation Mode and Region - Global Forecast to 2028
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