The global aircraft health monitoring system market size was US$ 3854.2 million in 2021. The global aircraft health monitoring system market size is forecast to reach US$ 7,373.84 million by 2030, growing at a compound annual growth rate (CAGR) of 7.66% during the forecast period from 2022 to 2030. 

AHMS (Aircraft health monitoring system) refers to a software and hardware system that includes sensors and other highly networked units for remote monitoring of airplane data in order to assess its future or current performance and serviceability. They are also known as aircraft condition monitoring systems (ACMS). MRO (Maintenance, Repair, and Overhaul) is one of the industry segments directly related to aircraft health monitoring. The use of an AHMS improves the safety of an aircraft and decreases its maintenance and operation costs.

Factors Influencing Market Growth

• Increased demand for real-time problem management, custom alerting and analytics solutions, and performance monitoring are driving the growth of the aircraft health monitoring system market.
• Increasing aerospace IT investment in emerging economies and technical improvements in workflow optimization are driving the global market.
• The shortage of qualified specialists may slow down the overall market growth.
• With an increase in aircraft integrated vehicle health management (IVHM) application areas, there will be more opportunities for growth in the global market.

Impact Analysis of COVID-19

Domestic and international flight restrictions have led to an inactive fleet worldwide. COVID-19 has a significant impact on many markets, including aircraft health monitoring. As a result of the slowdown of transportation, border closures, and increase in the number of inactive fleets, various stakeholders are greatly impacted, including component makers, system makers, government agencies, suppliers, distributors, aircraft and engine manufacturers, and maintenance companies. Thus, the COVID-19 pandemic had negatively affected the global market growth. 

Regional Insights

The Asia Pacific is forecast to grow at the fastest rate in the aircraft health monitoring system market during the forecast period, owing to significant growth in air transport. There are a variety of countries and aviation needs in the region. Increased aircraft deliveries will eventually lead to an increase in the aircraft health monitoring market. There will be an increase in demand for aircraft models and other AHMS-integrated aircraft models in the region. Thus, driving the market growth in the region. 

Leading Competitors

The leading prominent companies profiled in the global aircraft health monitoring system market are:

• Airbus SE
• Flyht Aerospace Solutions Limited
• General Electric
• Honeywell International Incorporated
• Meggitt PLC
• Raytheon Technologies Corporation
• Rolls-Royce PLC
• RSL Electronics Limited
• Teledyne Controls LLC
• The Boeing Company 
• Other Prominent Players

Scope of the Report

The global aircraft health monitoring system market segmentation focuses on Type, Solution, End-User, Aircraft Type, and Region.

Segmentation based on Type

• Commercial Aviation
• Military Aviation

Segmentation based on Solution

• Hardware
• Software
• Services

Segmentation based on End-User

• Original Equipment Manufacturer (OEM)
• Maintenance, Repair and Overhaul (MRO)
• Airlines

Segmentation based on Aircraft Type

• Fixed Wing Aircraft
• Helicopter

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America