According to Fortune Business Insights, the global aircraft health monitoring system market was valued at USD 4,202.4 million in 2019 and is projected to witness substantial growth, reaching USD 20,583.4 million by 2032, at a robust CAGR of 13.00% during the forecast period (2020–2032). The report, titled “Aircraft Health Monitoring System Market Size, Share and Forecast, 2020–2032,” highlights that the market stood at USD 4,202.4 million in 2019.
However, the market faced a significant setback in 2020, registering a sharp decline of -44.8% due to the widespread disruptions caused by the COVID-19 pandemic, which severely impacted global aviation operations. Despite the downturn, North America remained the dominant regional market, accounting for a 32.57% share in 2019, primarily due to the presence of key aircraft OEMs and stringent aviation safety regulations.
List of the Companies Profiled in the Global Market:
- Airbus S.A.S. (The Netherlands)
- Boeing (US)
- United Technologies Corporation (US)
- Honeywell International, Inc. (US)
- General Electric Company (US)
- Rolls Royce (UK)
- SAFRAN (France)
- FLYHT (Canada)
- Curtiss-Wright (US)
- Tech Mahindra (India)
- Meggitt (UK)
- Lufthansa Technik (Germany)
- Other Players
Information Source:
https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027
SEGMENTATION
By Sub-system:
According to Fortune Business Insights, the aero-propulsion systems segment holds the dominant share in the aircraft health monitoring system market. This is attributed to the crucial role of engine monitoring in ensuring aircraft safety and operational efficiency. Continuous real-time assessment of propulsion systems is essential to detect anomalies early, prevent in-flight failures, and enhance passenger safety. Other sub-systems analyzed in the market include airframes, ancillary systems, software, and others, each contributing to overall aircraft health management but to a lesser extent compared to propulsion systems.
By Technology:
The market is segmented by technology into prognostic systems, diagnostic systems, detection systems, adaptive controls, and others. Among these, prognostic systems account for the largest market share, driven by their advanced capabilities to predict component failures before they occur. This predictive insight allows aircraft operators to schedule timely maintenance, thereby minimizing unplanned downtime, optimizing operational costs, and enhancing flight safety.
REGIONAL INSIGHTS
- North America accounted for USD 1,386.8 million in 2019, supported by the presence of major companies like Boeing, Honeywell, and United Technologies. Regulatory pressure and high investments in aircraft safety are driving regional growth.
- Europe is expected to grow steadily due to strong adoption of predictive maintenance technologies and strict aviation standards. Countries like Germany, France, and the UK are investing in AHMS to boost operational efficiency.
DRIVING FACTORS
Rising Demand for Next-Generation Aircraft
The growing adoption of advanced aircraft models such as the Boeing 787, 777X, Airbus A320neo, and A350 is a key driver of market growth. Increasing global air passenger traffic and the demand for enhanced aircraft safety are accelerating the integration of AHMS in modern fleets.
Focus on Predictive Maintenance & Passenger Safety
Airlines are investing in predictive maintenance technologies to minimize unscheduled maintenance, reduce costs, and increase operational efficiency. Regulatory mandates and a strong focus on flight safety further contribute to AHMS adoption.
What does the Report Provide?
The aircraft health monitoring system market research report provides a detailed analysis of the market and focuses on key aspects, such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.
Report Coverage:
The aircraft health monitoring system market research report offers an in-depth analysis of the industry, emphasizing key elements such as major players, product categories, and primary applications. It also provides valuable insights into prevailing market trends and outlines notable industry developments. Furthermore, the report highlights a range of factors that have supported the market's growth in recent years, offering a comprehensive overview of the dynamics shaping the advancement of this sector.
COMPETITIVE LANDSCAPE
The AHMS market is highly consolidated, with global players like Boeing, Airbus, and United Technologies Corporation holding significant market shares. High entry barriers related to certification and large-scale data management restrict new entrants.
Industry Development:
July 2021 – GE Digital partnered with Airbus and Delta TechOps to form a digital alliance aimed at delivering advanced fleet health monitoring and diagnostics solutions. This collaboration leverages GE’s analytics expertise, Airbus’s system knowledge, and Delta’s airline operations experience to provide cost-effective and efficient solutions to over 140 commercial aviation operators.
