Aircraft Health Monitoring Systems Market is Expected to $4.71 Billion USD by 2021

The report „Aircraft Health Monitoring System (AHMS) 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″, The global Aircraft Health Monitoring Systems Market is projected to reach USD 4.71 Billion by 2021, at a CAGR of 6.53% from 2016 to 2021. Increased need for short mission cycle time, reduced unscheduled maintenance, and increasing asset utilization along with cost effective The aviation aircraft are expected to drive the aircraft.

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The diagnostics segment led the aircraft health monitoring system market in 2015

In terms of IVHM technology, the global aircraft health monitoring system has been segmented into diagnostics, prognostics, and condition-based maintenance & adaptive control. The diagnostics segment led the overall market, during the next five years, due to increase in maintenance, repair and operations for an aircraft.

https://www.marketsandmarkets.com/Market-Reports/aircraft-health-monitoring-systems-market-954.html

The avionics segment is expected to grow to the highest CAGR during the forecast period

The global aircraft health monitoring systems market, by sub-system, has been segmented into aero-propulsion, aircraft structures, avionics, and ancillary systems. CAGR during the forecast period, among all sub-systems. The growth is attributed to the increasing demand for advanced avionics from the airline industries.

The aircraft health monitoring system market Europe to grow to the highest CAGR during the forecast period

The aircraft health monitoring system market is expected to grow to the highest CAGR between 2016 and 2021. Factors such as passenger traffic growth and increasing aircraft deliveries are fueling the aircraft.

Airbus Group (Netherlands): One of the key players in the aircraft health monitoring systems market

The other major players in the aircraft health monitoring systems market are the Boeing Company (US), United Technologies Corporation (US), Honeywell International, Inc. (US), and General Electric Company (US).

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