Flight Data Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flight Data Monitoring Market Analysis
The flight data monitoring market is projected to register a CAGR of more than 3% during the forecast period.
- The procurement of new commercial aircraft, fueled by the expansion plans of the airlines, as well as orders and deliveries of military aircraft during the forecast period, is anticipated to generate demand for new flight data monitoring systems in the coming years.
- The demand for efficient operations and the need to reduce the unscheduled maintenance cost for the airlines will generate demand for flight data monitoring services during the forecast period.
Flight Data Monitoring Market Trends
This section covers the major market trends shaping the Flight Data Monitoring Market according to our research experts:
On-board Segment Dominates the Market in terms of Share
The on-board segment currently dominates the market ,and it is expected to continue its dominance during the forecast period. This is majorly due to the increasing procurement of new aircraft in commercial and military sectors. As of April 2020, Airbus had 7,645 aircraft on the backlog, with more than 80% of these orders for A320 Family aircraft. A350XWBs and A220s account for approximately 14% of the order backlog. The planned aircraft deliveries of new aircraft programs like Boeing 777X, COMAC C919, and MC-21 in the coming years is anticipated to further propel the demand for commercial aircraft flight data monitoring systems. Also, the increasing demand for commercial helicopters for various applications like search and rescue operations and private transport among others are generating demand for rotary-wing FDM systems. Military aircraft like Eurofighter Typhoon, Lockheed Martin F-35 Lightning II, A-400M, etc., also have planned deliveries in Europe, Asia-Pacific, and Middle-East and Africa regions in the coming years, which are expected to accelerate the demand for on-board FDM during the forecast period.
Asia-Pacific is Expected to Generate the Highest Growth Rate During the Forecast Period
The Asia-Pacific region is anticipated to register the highest CAGR during the forecast period, mainly due to new aircraft deliveries to airlines as well as to the armed forces of major countries, like China, India, Japan, and South Korea, among others, during the forecast period. Also, according to the Boeing forecast, Asia-Pacific will account for about 40% of the new aircraft deliveries over the next two decades. This will simultaneously increase the demand for flight data monitoring systems. Also, the increasing fleet of aircraft is generating the demand for flight data monitoring services. Earlier in 2015, AirAsia signed an agreement with FLYHT for installing original hardware and service on additional 100 aircraft. AirAsia is one of the largest customers of FLYHT Aerospace Solutions Ltd. The aforementioned factors are anticipated to propel the growth of the market in the region.
Flight Data Monitoring Industry Overview
The flight data monitoring market is fragmented with many players providing FDM services and systems (including software and hardware) to the aircraft. Some of the prominent players in the market of flight data monitoring are L3Harris Technology Inc, Safran SA, Teledyne Technologies Incorporated, Curtiss-Wright Corporation, and FLYHT Aerospace Solutions Ltd. Curtiss-Wright Corporation provides FDM components in Airbus A400M, Embraer C-390 Millennium, and Kamov Ka-60 among other aircraft programs, whereas Teledyne Technologies Incorporated provides FDM for Airbus A320, Airbus A330, Boeing 737, Boeing 777, and Sukhoi SuperJet 100 aircraft programs. Safran SA, FLYHT Aerospace Solutions Ltd., and L3Harris Technology Inc provides FDM services to airlines and aircraft operators. The development of new aircraft programs, as well as contracts of FDM services from airlines, approved MROs, and military organizations are anticipated to offer new opportunities for the market players to increase their market presence around the globe.
Flight Data Monitoring Market Leaders
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L3Harris Technology Inc
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Teledyne Technologies Incorporated
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Safran SA
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Curtiss-Wright Corporation
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FLYHT Aerospace Solutions Ltd.
*Disclaimer: Major Players sorted in no particular order
Flight Data Monitoring Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 On-board
- 5.1.2 On-ground
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Russia
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Latin America
- 5.2.4.1 Brazil
- 5.2.4.2 Rest of Latin America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 United Arab Emirates
- 5.2.5.3 Turkey
- 5.2.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Teledyne Technologies Incorporated
- 6.2.2 Metro Aviation Inc.
- 6.2.3 Safran SA
- 6.2.4 Flight Data Systems Pty Ltd
- 6.2.5 L3Harris Technology Inc.
- 6.2.6 Truth Data
- 6.2.7 Curtiss-Wright Corporation
- 6.2.8 Groupe NSE
- 6.2.9 FLYHT Aerospace Solutions Ltd
- 6.2.10 Honeywell International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityFlight Data Monitoring Industry Segmentation
Flight data monitoring (FDM) also known as Flight Operations Quality Assurance (FOQA) is a method of capturing, analyzing, and visualizing aircraft generated data that is moving from one point to another. This information learned from the analysis is used to find new ways to enhance flight safety thereby increasing the overall operational efficiency. The market study includes all the FDM hardware, software, and services.
| Type | On-board | |
| On-ground | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| United Arab Emirates | ||
| Turkey | ||
| Rest of Middle-East and Africa |
Flight Data Monitoring Market Research FAQs
What is the current Flight Data Monitoring Market size?
The Flight Data Monitoring Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Flight Data Monitoring Market?
L3Harris Technology Inc, Teledyne Technologies Incorporated, Safran SA, Curtiss-Wright Corporation and FLYHT Aerospace Solutions Ltd. are the major companies operating in the Flight Data Monitoring Market.
Which is the fastest growing region in Flight Data Monitoring Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Flight Data Monitoring Market?
In 2024, the North America accounts for the largest market share in Flight Data Monitoring Market.
What years does this Flight Data Monitoring Market cover?
The report covers the Flight Data Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flight Data Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Flight Data Monitoring Software Industry Report
Statistics for the 2024 Flight Data Monitoring Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flight Data Monitoring Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
