Global Flight
Data Monitoring and Analysis Market: Snapshot
Flight Data Monitoring and Analysis (FDMA) is used to enhance flight
crew performance and air traffic control procedures. Thus, flaws in
the aircraft operations can be detected before they lead to major
accidents thus developing a preventive and corrective action. For
this reason, they are integrated with the aircraft operator’s
safety management system. In different regions of the world, the
concept of FDMA is addressed differently. International Aviation
Civil Organization (ICAO) has made FDMA mandatory for aircrafts above
a specified maximum certificated take-off mass. This is expected to
be the major driver for the Flight data monitoring and analysis
market during the forecast period. According to the research report,
the global flight data monitoring and analysis market is expected to
be worth US$1,623.16 mn by the end of 2025 from US$677.6 mn in 2016.
During the forecast years of 2017 and 2025, the global market for
flight data monitoring and analysis market is estimated to progress
at a CAGR of 10.4%.
Obtain Report
Details @
Fixed Wing Aircraft Segment to Assume Lead due to Maximum
Take-offs
On the basis of aircraft type, the global market is segmented into
fixed wing and rotary wing. The fixed wing segment involves the
aircrafts that are lifted by their immovable wings and generally have
larger seating capacity and weight than the rotary wings aircraft.
Therefore, the fixed wing aircrafts have comparatively higher number
of applications and carry large volumes than the rotary wing
aircrafts. Since the FDMA solutions are mandatory for aircrafts with
maximum certificated take-off mass of 27,000 Kg, the fixed wing
aircrafts segment is estimated to dominate the FDMA market. By the
end of the forecast period, this segment is likely to hold 90% of the
market share.
On the basis of end use, the global FDMA market is divided into
civil, which includes commercial and general, and military. The civil
segment includes all the non-military aviation activities, which
comprises both commercial and general aviation aircrafts. The
commercial sub segment includes aircrafts that are used for
transportation of passengers and cargo loads while general sub
segment includes aircrafts for business meetings, flight training,
personal travel, recreational flying, medical transport, search and
rescue, agriculture aviation, aerial firefighting, pipeline patrol,
and many more applications. Due to larger number of activities the
civil segment is estimated to the lead the global market over the
coming few years.
Asia Pacific to
Exhibit Robust Growth Rate
On the basis of geography, the global FDMA market is likely to be
driven by the Asia Pacific and the Middle East region. Emerging
economies in these regions that are focusing on increasing the safety
standards in the aviation industry is expected to support the market.
Furthermore, the growing general aviation in Asia Pacific and Middle
East are expected to be the possible reasons for its growth in the
forecast period. However, North America held a major share in the
overall market in 2016, which was closely followed by Europe. North
America is estimated to register a CAGR of 8.8% in the global market
between 2017 and 2025.
Fill the form for
an exclusive sample of this report @
The key players profiled in the global Flight Data Monitoring and
Analysis market include Curtiss-Wright Corporation, Teledyne Controls
LLC, and Safran Electronics & Defense. Other players included are
Hi-Fly Marketing, NeST Aerospace Pvt. Ltd, Guardian Mobility
Corporation, French Flight Safety, Helinalysis Ltd, FlightDataPeople,
Flight Data Services Ltd, Scaled Analytics Inc., and Aerobytes Ltd.
About Us :
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment