The Global Flight Data Monitoring Market is estimated to reach USD 5.7 Billion by 2025 at a CAGR of 7.8 %, says forencis research (FSR).
Flight Data Monitoring (FDM) is a program that monitors the activity of an aircraft during flight and analyzes recorded flight data to boost aviation safety from routine operations. It is also known as Flight Operations Quality Assurance (FOQA). This service keeps a track of periodical safety reports, engine-related events, flight acceptance, detailed flight review, monitor’s pilot performance, invent safety trends and others. The data that is found from the FDA helps to cut down maintenance costs and enhance operational efficiency of the aviation operations.
Safety enhancement of aviation sector is of prime concern. Flight data monitoring (FDA) is used throughout the world which helps to identify risk, prevent incidents and take appropriate actions. Chicago Convention in 2008 Annex 6 was established by the International Civil Aviation Organization (ICAO) to implement safety management systems through operators of aircraft. This convention provides rules of airspace, safety, aircraft registration, and others.
Hence, ICAO standards for safety improvement are expected to drive this market growth during the forecast period.
Flight data monitoring reports help to reduce unscheduled maintenance which results in a reduction of overall time spent on maintenance activities. In the aviation industry, FDM helps the technician to focus on the main activity in carrying out flight safety checks and maintenance. This further results in low time spent through lesser maintenance activities on a particular aircraft. This enhances flight operational hours by reducing maintenance intervals which helps in reducing the overall cost incurred.
Thus, a reduction in maintenance cost is expected to drive the flight data monitoring market during the forecast period.
Flight data monitoring is a new concept and to achieve the result companies strive to implement their supportive strategies. There exist issues regarding the lack of skilled people which impacts the market growth. Due to lack of expertise, few companies are focusing towards contract out the basic analysis which acts as a restraint to the global market growth.
The report on the flight data monitoring market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020-2025 (2020 estimated year, forecasted up to 2025)
Value (USD Million)
Solution, Source, End-Use Industry and Regions
Asia-Pacific, North America, Europe, Middle East & Africa, and South America
For the scope of the report, In-depth segmentation is offered by Forencis Research
Flight Data Monitoring Market, by Solution
Flight Data Monitoring Market, by Source
Flight Data Monitoring Market, by End-Use Industry
Flight Data Monitoring Market, by Region
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Stringent ICAO Standards for Safety Improvement
4.2.2. Reduction in Maintenance Cost
4.3.1 Lack of Skilled Work Force
4.4.1 Rising Adoption of Wireless Sensors
4.5.1 Robust Data Processing Is Required
4.5.2 Challenges Regarding Data Management
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 FLIGHT DATA MONITORING MARKET BY SOLUTION, Market Size in USD Million (2018—2025)
6.2.1 Data Recorders and Storage
126.96.36.199 Video Recorders
188.8.131.52 Quick Access Recorders
184.108.40.206 Data Storage
220.127.116.11 High- Speed Sensor Recorders
18.104.22.168 Multi-Role Recorders
6.2.2 Safety Management System
6.2.3 Cockpit Voice Recorder System (CVRS)
6.3.1 Aircraft Performance Monitoring
6.3.2 Engine Health Monitoring
6.3.3 Risk Identification and Mitigation
6.3.4 Pilot performance Monitoring
6.3.5 Helicopter Flight Data Monitoring (HFDM)
6.4.1 Flight Data Analysis Software
6.4.2 Cloud Software
6.4.3 Flight Data Reporting Software
6.4.4 Data Visualization Software
7 FLIGHT DATA MONITORING MARKET BY SOURCE, Market Size in USD Million (2018—2025)
7.2 On Flight
7.3 Off Flight
8 FLIGHT DATA MONITORING MARKET BY END-USE INDUSTRY, Market Size in USD Million (2018—2025)
8.2 Commercial Aircraft
8.3 Military Aircraft
9 FLIGHT DATA MONITORING MARKET BY REGION, Market Size in USD Million (2018—2025)
9.1 North America
9.2.6 Rest of Europe
9.3.4 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Middle East & Africa
9.4.1 Saudi Arabia
9.4.3 Rest of Middle East & Africa
9.5 South America
9.5.3 South Africa
9.5.4 Rest of South America
10 COMPETITIVE LANDSCAPE
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Curtiss-Wright Corporation.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 FLYHT Aerospace Solutions Ltd.
11.3 Teledyne Controls LLC.
11.4 SKYTRAC SYSTEMS LTD.
11.5 Safran S.A.
11.6 Teledyne Controls LLC.
11.8 Flight Data Services Ltd.
11.10 Scaled Analytics Inc.
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain