Flight Data Monitoring Market

Global Flight Data Monitoring Systems Market Size (2024 to 2029)

The global flight data monitoring systems market is predicted to reach USD 5.28 billion in 2024 and is expected to reach USD 7.48 billion by 2029, growing at a CAGR of 7.2 % during the forecast period.

The global aviation sector is experiencing significant growth in terms of passenger count and aircraft fleet. This is primarily due to increased business and leisure travel due to increased disposable income. Furthermore, the volume of cargo air fleet is steadily increasing in both developed and developing countries.The information gathered assists operators in managing operations, fuel efficiency, risk management, and compliance with standard operating procedures. The FDM is used by quality assurance personnel and maintenance technicians to improve fleet safety and operational efficiency. Because ensuring flight safety is critical in the aviation industry, demand for FDM is rising in tandem with increased aircraft deliveries.

MARKET DRIVERS

Monitoring and analyzing flight data have evolved into a volunteer safety program aimed at improving aviation safety through proactive flight-recorded statistics.

This initiative enables airlines to acquire certain digital data from flight data recorders placed on their aircraft. Following that, the data is used to identify specific events, which is referred to as a systematic management system (SMS). The SMS calculates deviations from norms and danger regions and establishes a baseline safety margin. Furthermore, if a potential risk trend is recognized, an appropriate risk management plan is implemented and its effectiveness is tracked until the trend returns to normal.

MARKET RESTRAINTS

Many airline businesses lack experience in-flight data monitoring and analysis in-house. Because the qualified staff is necessary for proper flight data monitoring and analysis, many small and medium-sized businesses are still inefficient in FDMA. As a result, these factors are projected to slow down the growth of the global flight data monitoring and analysis market in the forecast period.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Flight Data Monitoring Systems Market Analysis By Component

The hardware category dominated the market. The flight data monitoring technology provides accurate information that helps to avoid accidents and issues. Material losses and insurance costs are reduced when flight mishaps are reduced. The method has enormous potential for determining the root causes and levels of risk associated with human errors, allowing for early detection of human factors concerns.

Global Flight Data Monitoring Systems Market Analysis By Solution

Flight data monitoring systems collect and evaluate on-board and ground-based aircraft operational characteristics. Data gathering, storage gear, and post-flight data analysis software are used to do this. Flight data monitoring data is utilised to improve operating efficiency and safety while also lowering maintenance costs.

Global Flight Data Monitoring Systems Market Analysis By End-Use

The fleet operators segment dominated the market. A fleet operator can use the flight data monitoring system to monitor and improve operational safety. The technology is essential for big aircraft with a take-off mass of more than 27,000 kg. The method has also been shown to be advantageous to fleet operators of smaller planes and helicopters. It is an important component of a fleet operator's management system and serves as a primary data source for monitoring operational safety.

REGIONAL ANALYSIS

During the forecast period, the Asia-Pacific area is expected to have the greatest CAGR values. This is primarily owing to an increase in new aircraft deliveries to airlines and armed forces of important countries in the APAC region, such as China, India, Japan, and South Korea, among others. Over the next two decades, Asia-Pacific is predicted to account for roughly 40% of new aircraft deliveries. This will lead to a significant increase in demand for flight data monitoring systems in the global market. Furthermore, as the fleet of aircraft grows, so does the demand for flight data monitoring services, which aids the APAC area in establishing dominance.

KEY MARKET PLAYERS

• Teledyne (US)
• Curtiss-Wright (US)
• Safran (France)
• FLYHT (Canada)
• Guardian Mobility (Canada)
• SKYTRAC (Canada)
• Scaled Analytics (Canada)
• Nest Aerospace (India)
• FlightDataPeople (UK)
• Helianalysis (UK)

RECENT HAPPENINGS IN THE MARKET

• L3Harris Technologies has completed the final major design milestone for the US Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor program Phase IIb On-orbit Prototype Demonstration and has already commenced construction.
• Teledyne Photometrics, a Teledyne Technologies company, has announced a strategic agreement with Dotphoton AG, an image compression solutions provider, to enable robust storage of enormous volumes of images created by scientific imaging using integrated combinations of the two businesses' technologies. SpectraSensors Inc.'s Water Vapor Sensing System ("WVSS-II") product line has been bought by FLYHT Aerospace Solutions Ltd. The WVSS-II is a sensor that is mounted aboard airplanes and delivers near-real-time water vapor measurements throughout the flight. These findings have a direct impact on weather forecasting and aviation weather support.

By Component 

• Hardware
• Software
• Services

By Solution

• On-Board
• Ground

By End-Use

• Fleet Operators
• Drone Operators
• Investigation Agencies

By Region

• North America 
• Europe
• Asia Pacific
• Latin America 
• Middle east and Africa