FLIGHT DATA MONITORING AND ANALYSIS MARKET ANALYSIS

Flight data monitoring and analysis (FDMA) is the process of analyzing recorded flight data, in order to enhance the safety and maintenance of flight operations. Currently, apart from using for safer flight operations, flight data monitoring and analysis is used for enhancing flight crew performance, maintenance areas of a fleet operator, air carrier training programs and operating programs, air traffic control procedures, and aircraft operations and design to run a successful aviation organization.  FDMA offers various advantages including improved fuel consumption, reduction in fatal accidents, minimized unnecessary maintenance & repairs, and augmented pilot training programs. The global flight data monitoring and analysis market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

 The Global Flight Data Monitoring and Analysis market was valued at US$ 1008.60 Mn in 2021.

Recent Developments:

• In September 2022, Inmarsat, a telecommunications company, has announced a technological partnership with Teledyne Controls LLC, a prominent producer of aircraft data management solutions, this partnership will help Inmarsat to improve and support their airlines digital operations across Europe regions.

Restraint:

• Concerns regarding data accessibility and misuse are expected to restrain growth of the global flight data monitoring and analysis market during the forecast period
• Lack of expertise in some companies is expected to hinder the global flight monitoring and analysis market growth over the forecast period

Flight Data Monitoring and Analysis Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has significantly impacted the global flight data monitoring and analysis market. Lockdowns have been imposed around the world as a precautionary measure by governments. This led to the temporary suspension of all tourism businesses. Thus, flight data monitoring became impossible and the airline industry suffered a financial crisis as a result. Therefore global flight data monitoring and analysis market has witnessed sluggish growth during the pandemic.

North America held a dominant position in the global flight data monitoring and Analysis market in 2021

Statistics:

North America region dominated the global flight data monitoring and analysis market in 2021, accounting for a 66.8% share in terms of value, followed by Europe, Asia Pacific, and Latin America, respectively

Figure 1: Global Flight Data Monitoring and Analysis Market Share (%), By Region, 2021 

North America flight data monitoring and analysis market is expected to witness a CAGR of 9.2% over the forecast period.

North America global flight data monitoring and analysis market is expected to be one of the prominent region in the global market witness high growth during the forecast period. This is owing increasing demand for flight data monitoring and analysis in emerging economies such as U.S. and Canada. Moreover, high disposable income, and high growth of aerospace sector. It is expected to boost the regional market growth. 

Figure 2: Global Flight Data Monitoring and Analysis Market (US$ Mn) Analysis and Forecast, 2022 - 2030

The global flight data monitoring and analysis market was valued at US$ 1008.60 Mn in 2021 and is expected to reach US$ 2186.30 Mn by 2030, growing at a CAGR of 9.2% between 2022 and 2030.

Major players operating in the global flight data monitoring and analysis market include Flight Data Services Ltd, Safran Electronics & Defense, Scaled Analytics Inc., NeST Aerospace Pvt Ltd, FlightDataPeople, Aerobytes Ltd, Helinalysis Ltd, Curtiss-Wright Corporation, French Flight Safety, Teledyne Controls LLC, Guardian Mobility Corporation, Metro Aviation, and Hi-Fly Marketing.