Europe Aircraft Health Monitoring System Market Share, Size, Analysis and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Europe Aircraft Health Monitoring System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The Europe aircraft health monitoring system market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.

A system for remotely monitoring the data from an airplane is known as an aircraft health monitoring system, or AHMS. 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.

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Europe Aircraft Health Monitoring System Market Trends and Drivers:

The rapid development of important air routes and the region’s rising air traffic are the main factors driving the Europe AHMS market. 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.

Europe Aircraft Health Monitoring System Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market on the basis on region, component, subsystem, end user, installation, fit, operation time and operation type.

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:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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