To get more information on Flight Data Monitoring Market - Request Free Sample Report
The Flight Data Monitoring Market Size was valued at USD 2.89 billion in 2023, expected to reach USD 5.82 billion by 2032 with an emerging CAGR of 8.10% over the forecast period 2024-2032.
For data gathering and processing, flight data monitoring systems necessitate significant investments and specialized personnel. This sometimes puts pressure on fleet operators to minimize costs in other, equally critical areas of investment. However, because flight data monitoring is one of the critical activities, deferring the activity is not an option. As a result, industry participants are providing flight data monitoring services to consumers in order to save them significant time and money. Service providers also supply professional resources to improve flight performance and operations. Flight data monitoring services are broadening their geographical reach and offering to small airlines and fleet operators.
Flight data monitoring and analysis (FDMA) is the process of evaluating recorded flight data in order to improve flight safety and maintenance. Currently, flight data monitoring and analysis are used for enhancing flight crew performance, fleet operator maintenance areas, air carrier training programme and operating programme, air traffic control procedures, and aircraft operations and design to run a successful aviation organization, in addition to safer flight operations. FDMA provides numerous benefits, including reduced fuel usage, fewer deadly accidents, less wasteful maintenance and repairs, and enhanced pilot training program.
MARKET DYNAMICS
KEY DRIVERS
Increasing Asset Utilization and Reducing Unscheduled Maintenance
In the aviation industry, the volume of data generated for analysis is increasing.
RESTRAINTS
Consistent confirmation of the correctness and information obtained by the flight data monitoring ageing aircraft
OPPORTUNITIES
In the aviation industry, there is an increasing demand for real-time analytics.
FDM can assist in monitoring fuel use for increased flying efficiency, lowering maintenance costs.
CHALLENGES
Assurance of the Quality and Accuracy of Flight Data Monitoring Received Information
Cost-Effective Maintenance
IMPACT OF COVID-19
Since the advent of the global corona virus pandemic at the end of 2019, followed by the spread in international locations in 2020, the flight data monitoring market has been one of the most affected. Both the domestic and foreign markets that promote the travel and tourism business are experiencing major functional concerns that are likely to impede the market's ability to overcome the challenges that have been driving since the pandemic's outbreak.
Market participants are looking for dynamics that would assist the market in covering losses experienced throughout the projected period, which will finish in 2028. The flight data monitoring market share is diminishing, and as a result, there is a significant shortage of money, technology, and investments to fulfil the industry's evolving needs, as well as the need for the target audience, which is dispersed around the globe.
The growing demand for enhanced situational awareness for efficient airline operations, the need to reduce the cost of unscheduled maintenance, the growing volume of data generated by the aviation industry, and the increase in aircraft deliveries are all expected to drive the flight data monitoring market.
According to estimates, the FDM service category will lead the flight data monitoring market. Factors such as increased aircraft deliveries and desire for enhanced airline operational efficiency are supporting the expansion of the FDM service market.
The on-ground segment is predicted to lead the flight data monitoring market throughout the forecast period, based on solution type. The on-ground segment is being driven by the rising usage of ground-based flight data monitoring and analysis software.
The fleet operators sector is expected to account for a significant part of the flight data monitoring market. The growing fleet size of APAC's major airlines is propelling the flight data monitoring industry.
The fleet operators segment led the APAC flight data monitoring systems market in terms of end user. An aircraft fleet operator owns one or more aeroplanes that are not rented or leased to anyone else. The flight data monitoring system is a powerful tool for fleet operators to use to monitor and improve operational safety. The system is an essential component of a fleet operator's management system, serving as a primary data source for monitoring operational safety. The National Aviation Authority of the EASA Member State seeks access to the safety meetings where the flight data monitoring events and trends are discussed in order to evaluate how the data is used and analysed by the fleet operator.
By Solution Type
On Board
On Ground
By Component
FDM Service
FDM System
FDM Software
By End User
Fleet Operators
Drone Operators
FDM Service Providers
Investigation Agencies
REGIONAL ANALYSIS:
The North American market is predicted to account for the majority of revenue and to maintain its dominance during the projection period. The presence of major competitors, as well as the high number of air transport passengers, are driving the expansion of the target market in this region. Over the projection period, the Asia Pacific market is expected to grow at the fastest rate in terms of revenue, followed by markets in Europe, Latin America, and the Middle East and Africa. Over the projected period, the growing aviation sector, particularly in emerging economies such as China and India, is expected to drive expansion in the flight data monitoring market.
Need any customization research on Flight Data Monitoring Market - Enquiry Now
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Key Players are Flight Data Services Ltd, NeST Aerospace Pvt. Ltd, Safran Electronics & Defense, FlightDataPeople, Guardian Mobility Corporation, Scaled Analytics Inc, Helinalysis Ltd, French Flight Safety, Teledyne Controls, Aerobytes Ltd & Other Players
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.89 billion |
| Market Size by 2030 | US$ 5.82 billion |
| CAGR | CAGR of 8.10% From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution Type (On Board, On Ground) • By Component (FDM Service, FDM System, FDM Software) • By End User (Fleet Operators, Drone Operators, FDM Service Providers, Investigation Agencies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Flight Data Services Ltd, NeST Aerospace Pvt. Ltd, Safran Electronics & Defense, FlightDataPeople, Guardian Mobility Corporation, Scaled Analytics Inc, Helinalysis Ltd, French Flight Safety, Teledyne Controls, Aerobytes Ltd |
| Key Drivers | • Increasing Asset Utilization and Reducing Unscheduled Maintenance • In the aviation industry, the volume of data generated for analysis is increasing. |
| Market Opportunities | • In the aviation industry, there is an increasing demand for real-time analytics. • FDM can assist in monitoring fuel use for increased flying efficiency, lowering maintenance costs. |
FDM can assist in monitoring fuel use for increased flying efficiency, lowering maintenance costs and Assurance of the Quality and Accuracy of Flight Data Monitoring Received Information
Yes, this report cover top down, bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
The sample for the Flight Data Monitoring Market is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Flight Data Monitoring Market Segmentation, by Solution Type
8.1 On Board
8.2 On Ground
9. Flight Data Monitoring Market Segmentation, by Component
9.1 FDM Service
9.2 FDM System
9.3 FDM Software
10. Flight Data Monitoring Market Segmentation, by End User
10.1 Fleet Operators
10.2 Drone Operators
10.3 FDM Service Providers
10.4 Investigation Agencies
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Flight Data Services Ltd
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 NeST Aerospace Pvt. Ltd
12.3 Safran Electronics & Defense
12.4 FlightDataPeople
12.5 Guardian Mobility Corporation
12.6 Scaled Analytics Inc
12.7 Helinalysis Ltd
12.8 French Flight Safety
12.9 Teledyne Controls
12.10 Aerobytes Ltd.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Drone Software Market Size was valued at USD 5.2 billion in 2022 and is expected to reach USD 20.60 billion by 2030 with a growing CAGR of 17.3% over the forecast period 2023-2030.
The Aircraft Fairings Market Size was valued at USD 2.10 billion in 2023 and is expected to grow to USD 3.76 billion by 2032, achieving a compound annual growth rate (CAGR) of 6.72% over the forecast period from 2024 to 2032.
The Aviation Asset Management Market Size was valued at USD 229.58 billion in 2022 and is expected to reach USD 338.17 billion by 2030 with an emerging CAGR of 4.96% over the forecast period 2023-2030.
The Early-Warning Radar Market size was valued at USD 1.57 Billion in 2023 and is projected to reach USD 2.65 Billion by 2032, growing at a CAGR of 6% over the forecast period from 2024 to 2032.
The aircraft docking systems market size was valued at USD 10.03 Billion in 2023 and is expected to reach USD 12.00 Billion by 2032 and grow at a CAGR of 2.02% over the forecast period 2024-2032.
The Public Safety Drone Market Size was valued at USD 1.1 billion in 2023 and is expected to reach USD 3.3 billion by 2032 and grow at a CAGR of 13.2% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
