About Flight Data Monitoring
Worldwide the Flight Data Monitoring Market is required to enlist huge development during the estimated time frame attributable to factors including rising in aircraft deliveries, and the developing use of remote sensors for Flight Data Monitoring is the key driving variables of the development of the market. Flight Data Monitoring can be perhaps the best tool to upgrade flight security and discover proficiency gains, not only powerful in upgrading safety additionally offers a profoundly significant dataset to improve various domains of the action. Flight information checking programs help in evaluating, tackling, and recognizing operational risks and help with investigating patterns and researching conditions if there should arise an occurrence of crises. Flight data monitoring records information that might be needed for future examinations. It additionally regularly records flight information to improve fleet task security, it also improves operational productivity and furthermore assists with preparing programs. Moreover, the requirement for continued investigation of the enormous volumes of information created in the aviation industry is likewise projected to drive the development of the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Flight Data Monitoring market is poised for continued growth due to increased safety awareness, technological advancements, and growing demand for operational efficiency. Players who embrace innovation, prioritize data security, and offer specialized solutions will be well-positioned to capitalize on this promising market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Flight Data Monitoring market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Curtiss Wright (United States), Teledyne Controls LLC (United States), Safran Electronics & Defense (United States), Guardian Mobility (United States), Flight Data Services Ltd. (United States), Scaled Analytics Inc. (United States), Guardian Mobility Corporation (Canada), L3Harris Technology Inc. (United States), FLYHT Aerospace Solutions Ltd.( Canada) and Flight Data People (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AC Aviation (Canada), Flightradar24 (Sweden), Honeywell Aerospace (United States), NAVBLUE (France) and Deutsche Flugsicherung (DFS) (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Flight Data Monitoring market by Type (On-Board Solution and On-Ground Solution), Application (Fleet Operators, Drone operators, FDM Service Providers and Investigation Agencies) and Region.
On the basis of geography, the market of Flight Data Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. FDM Service will boost the Flight Data Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Real-Time Analytics in the Aviation Industry and Increasing procurement of new aircraft in commercial and military sectors.
Market Growth Drivers:
The growing need for the situational awareness, The growing number of Aircraft Deliveries and Increasing Volume of Data Generated for Analysis in the Aviation Industry
Challenges:
Data accuracy is a major challenge
Restraints:
Shortage of skilled people
Opportunities:
The advancement in the technology and use of Wireless Sensors for Flight Data Monitoring
Market Leaders and their expansionary development strategies
In July 2023, Airbus announced a strategic partnership with Collins Aerospace to develop a joint FDM solution that integrates Airbus' aircraft data with Collins Aerospace's analytics expertise. This collaboration aims to offer airlines a comprehensive and data-driven approach to flight safety and performance monitoring.
In September 2023, FlightAware Introduced their "Global Flight Tracker Pro" providing comprehensive real-time flight tracking and monitoring functionalities for aviation professionals and enthusiasts. This advanced platform offers detailed flight data, weather information, and disruption alerts, enhancing situational awareness and flight planning.
Key Target Audience
Private Aircraft Operators, UAV Operators, Aviation Industry, Technology Support Providers, Aircraft Data Analysis Service Providers and Scientific Research Centers across Regions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.