According to the new market research report “ Flight Data Monitoring Market by Solution Type (On Board, On Ground), Component (FDM Service, FDM System, FDM Software), End User (Fleet Operators, Drone Operators, FDM Service Providers, Investigation Agencies ), Region – Global Forecast to 2022 „ from 3.71 Billion in 2017 to USD 5.34 Billion by 2022, at a CAGR of 7.55% from 2017 to 2022.
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The growth of the aerospace industry has increased in the past few years. This increase in the number of commercial flights implies that the procedure for increasing the probability of a failure of a vehicle is increasing.
Curtis Wright (US), Teledyne Controls LLC (US), Safran Electronics & Defense (US), Guardian Mobility (US), Flight Data Services Ltd , (US), and Scaled Analytics Inc. (US).
Target Audience for this report:
- Private Aircraft Operators
- UAV operators
- Aviation Industry
- Technology Support Providers
- Aircraft Data Analysis Service Providers
- Scientific Research Centers across Regions
Based on solution type, the on-the-ground segment is projected to lead the flight data monitoring market during the forecast period.
Based on solution type, the on-the-ground segment during the forecast period. Aircraft operator uses Flight Data Services (FDM) and Flight Operations Quality Assurance (FOQA). These services provide a full analysis of day to day flight operations to aircraft operators. By selecting Ground (AOG) Flight Data Services to monitor the aircraft, it can be assessed and addressed without delay, minimizing risk and Aircraft on Ground (AOG) time while ensuring compliance to aviation regulatory norms.
Based on component, the FDM service segment of the flight data monitoring market is projected to witness the highest growth during the forecast period.
Based on component, the flight data monitoring market has been segmented into FDM service, FDM system, and FDM software. FDM consulting, Flight Operations Quality Assurance (FOQA), helicopter FDM, FDR readouts, training and simulation, inspection, maintenance monitoring, condition monitoring, and FDM consulting. The FDM service component segment is expected to become the largest user of the flight data monitoring market in 2017. This segment is projected to grow at the highest CAGR during the forecast period. Flight Data Monitoring (FDM) is the process of collecting flight data from aircraft, processing it on a computer, and carrying it out
North American is expected to lead the flight data monitoring market during the forecast period.
North America is expected to lead the flight data monitoring market during the forecast period. The increase in the disposable income of the population has contributed to the demand for air travel. The rise in air passenger traffic has led to an increase in aircraft deliveries in North America, which has further fueled the demand for flight data monitoring in this region.
Major companies in the flight data monitoring market report are Curtiss Wright (US), Safran (France), Teledyne Controls (US), and FYHT (Canada).
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