According to the latest report by IMARC Group, titled “Europe Aircraft Health Monitoring System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is expected to continue its moderate growth during the forecast period (2021-2026).
Aircraft health monitoring system (AHMS) refers to a set of tools, solutions, and techniques employed for remote monitoring of the airplane data. It primarily monitors the lifecycle of aircraft components and predicts possible failures and malfunctions, such as high vibrations, over-heating of engines, hard landing, and low oil pressure. AHMS uses real-time data captured through different sensors installed on the aircraft. It involves automated engine trend, airframe threshold exceedance, and remote system diagnostic reporting. As a result, AHMS is implemented to enhance safety and reliability, reduce maintenance and operational costs, minimize downtime, and mitigate system failures.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Europe Aircraft Health Monitoring System Market Trends:
The Europe AHMS market is majorly being driven by the rapid establishment of significant air routes and the increasing air traffic in the region. This is further supported by the rising number of commercial aircraft, reduced airfare, expansion in the tourism industry, and growing incidents of aircraft accidents. Additionally, the European Union (EU) and airport authorities in the region are consistently investing in the improvement and establishment of new airports, which is acting as a growth-inducing factor. Moreover, various technological advancements, like the Internet of Things (IoT) and wireless sensors for enhanced situational awareness, are also contributing to the market growth across the region.
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Europe Aircraft Health Monitoring System Market 2021-2026 Analysis and Segmentation:
Breakup by Component:
Breakup by Subsystem:
- Ancillary Systems
- Aircraft Structures
Breakup by End User:
Breakup by Installation:
- On Ground
Breakup by Fit:
Breakup by Operation Time:
Breakup by Operation Type :
- Condition-Based Maintenance and Adaptive Control
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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