DUBLIN--(BUSINESS WIRE)--The "Flight Data Monitoring Market by Solution Type (On Board, On Ground), Component (FDM Service, FDM System, FDM Software), End User (Fleet Operators, Drone Operators, FDM Service Providers, Investigation Agencies), Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The flight data monitoring market is projected to grow from USD 3.71 billion in 2017 to USD 5.34 billion by 2022, at a CAGR of 7.55% from 2017 to 2022.
The increasing demand for enhanced situational awareness to drive airline operations, need to reduce the cost of unscheduled maintenance, increasing volume of data generated by the aviation industry, and rise in aircraft deliveries are the factors that are expected to drive the flight data monitoring market.
Based on component, the FDM service segment is estimated to account for the largest share of the flight data monitoring market in 2017. Increasing aircraft fleet size and the demand for more efficient airline operations are fueling the growth of the flight data monitoring market globally.
Based on end user, the fleet operators segment is estimated to account for the largest share of the flight data monitoring market in 2017. Increasing aircraft fleet size of commercial aircraft operators worldwide is driving the demand for flight data monitoring.
The North American region is estimated to account for the largest share of the flight data monitoring market in 2017. Increase in the disposable income has contributed to the demand for air travel, which, in turn, has led to a rise in air passenger traffic. This has resulted in the increase in aircraft deliveries in North America, which has further propelled the demand for flight data monitoring in the region.
The presence of component manufacturers and service providers in the region is also supporting the growth of flight data monitoring in the region. The flight data monitoring market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to the increase in demand for new aircraft in the region, which is anticipated to drive the flight data monitoring market during the forecast period.
Key players operating in the flight data monitoring market are Curtiss Wright Corporation (US), FLYHT Aerospace Solutions Ltd. (Canada), Safran Electronics & Defense (France), and Skytrac Systems Ltd. (Canada).
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Flight Data Monitoring Market, By Solution Type
8. Flight Data Monitoring Market, By Component
9 Flight Data Monitoring Market, By End User
10. Flight Data Monitoring Market, By Geography
11. Competitive Landscape
12. Company Profiles
- Flight Data Services
- Flight Data Systems
- Guardian Mobility
- Safran Electronics & Defense
- Scaled Analytics
- Teledyne Controls Llc
For more information about this report visit https://www.researchandmarkets.com/research/86483k/5_bn_flight_data?w=4