Aircraft Health Monitoring System Market Size, Share, Trends and Growth

The global aircraft health monitoring system market was valued at USD 4,202.4 million in 2019 and is projected to grow significantly, reaching USD 20,583.4 million by 2032, exhibiting a strong CAGR of 13.00% during the forecast period. Fortune Business Insights in its latest report, titled, “Aircraft Health Monitoring System Market Size, Share and Forecast, 2020-2032.”, mentions that the market stood at USD 4,202.4 million in 2019.

However, the market experienced a sharp decline of -44.8% in 2020 due to the widespread impact of the COVID-19 pandemic, which severely disrupted aviation operations across the globe. North America emerged as the leading region, holding a 32.57% market share in 2019, driven by the presence of major aircraft OEMs and strict 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:

• Aero-propulsion systems (Dominant segment)

• Airframes

• Ancillary systems

• Software

• Others

The aero-propulsion systems segment leads the market due to the critical importance of engine monitoring. Continuous real-time assessment of propulsion systems is vital to ensure passenger safety and prevent in-flight failures.

By Technology:

• Prognostic systems (Largest share)

• Diagnostic systems

• Detection systems

• Adaptive controls

• Others

Prognostic systems dominate due to their ability to forecast failures before they occur, enabling operators to plan maintenance efficiently and reduce aircraft downtime.

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.

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.