Flight Data Monitoring Systems Market 2021: Strategizing New Techniques of Top Players

The technological advancements in aircraft safety have led to a highly competitive market. North America attracts several technological developments from economically robust countries. The fleet operators in the North America region are continuously enhancing the aircraft fleet with FDM systems to enhance flight operational safety and reduce maintenance cost. Presence of major aircraft manufacturers in the region include Airbus, Boeing, Lockheed Martin, Northrop Grumman, GE Aviation, and Raytheon Technologies, which is propelling the market growth. Further, presence of leading enterprises, such as Curtiss-Wright Corporation, and Honeywell International Inc in the region, large presence of early technology adopters in the region, and strong manufacturing of commercial aircraft in the US are among the factors anticipated to boost the flight data monitoring systems market growth. For instance, Southwest Airlines has procured a flight efficiency analytics solution by GE Aviation to support its fleet of ~700 Boeing 737 aircraft. GE Aviation added analytics for efficient service with huge operational efficiency. For instance, in December 2020, L3Harris Technologies is offering flight data analysis services for all AReS II-equipped Cessna Citation CJ4 jets, manufactured by Textron Aviation Inc. The service is supposed to collect the flight data to improve and monitor operational issues in jets. Such strong adoption of FDM systems in the commercial aircraft as well as further increasing number of aircraft is bolstering the flight data monitoring systems market in North America. The increasing number of commercial aircrafts manufacturing companies in the region is further projected to fuel the market growth during the forecast period. Asia pacific is biggest consumer of the commercial aircrafts as countries such as India, China & Japan are advancing the number of commercial aircraft which is helping region with significant CAGR.

FLYHT Aerospace Solutions Ltd, Honeywell International Inc, Curtiss-Wright Corporation, Safran Electronics & Defense, and Teledyne Controls LLC – PROMINENT MARKET PARTICIPANTS IN FLIGHT DATA MONITORING SYSTEMS MARKET

The global flight data monitoring systems market is segmented on the basis component, solution type, end user, and geography. Based on component, the market is segmented into hardware, software, and service. In terms of solution type, the market is categorized into on-board and ground. Based on end user, the market is segmented into fleet operators, drone operators, and investigation agencies. Based on region, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The current market is dominated by US manufacturers in the regional level; however, the global market does comprise selected number of prominent market players. Few of the important market initiatives and contracts developments from the market are mentioned below: