According to the latest report by IMARC Group, titled “Asia Pacific Aircraft Health Monitoring System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the asia pacific aircraft health monitoring system market is expected to continue its moderate growth during the forecast period (2021-2026).
Aircraft health monitoring systems (AHMS) are a set of tools, solutions, and techniques employed to remotely monitor the airplane data. It uses real-time data captured through different sensors installed on the aircraft to monitor the lifecycle of aircraft components and predict possible failures. Some of the common malfunctions include high vibrations, over-heating of engines, hard landing, and low oil pressure. Consequently, AHMS is implemented to enhance safety and reliability, minimize downtime, mitigate system failures and reduce maintenance and operational costs.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The Asia Pacific AHMS market is being driven by the rapid establishment of significant air routes and the increasing air traffic in the region. The airport authorities in the region are also consistently investing in the improvement and establishment of new airports, which is contributing to the market growth further. Moreover, the upgradation of the existing aircraft with next-generation systems, such as the Internet of Things (IoT) and wireless sensors, for advanced maintenance monitoring and aviation analytics are acting as another growth-inducing factor. This is further supported by the growing need for enhanced situational awareness due to the multiplying incidents of aircraft accidents.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Subsystem:
- Aero-Propulsion
- Avionics
- Ancillary Systems
- Aircraft Structures
- Others
Breakup by End User:
- Commercial
- Military
Breakup by Installation:
- Onboard
- On Ground
Breakup by Fit:
- Linefit
- Retrofit
Breakup by Operation Time:
- Real-Time
- Non-Real-Time
Breakup by Operation Type:
- Detection
- Diagnostics
- Condition-Based Maintenance and Adaptive Control
- Others
Breakup by Country :
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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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.
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