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:
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 1008.60 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 9.2% | 2030 Value Projection: | US$ 2186.30 Mn |
| Geographies covered: |
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| Companies covered: |
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. |
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Restraint:
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.
Flight data monitoring and analysis (FDMA) is proactive use of flight data, recorder after repetitive and infrequent incident trends, in order to augment flight safety and maintenance operations, which enhances overall aviation safety. Moreover, FDMA offers various advantages including improved fuel consumption, reduction in fatal accidents, minimized unnecessary maintenance & repairs, and augmented pilot training programs owing to which it is widely used in aviation industry.
The Global Flight Data Monitoring and Analysis market was valued for US$ 1008.60 Mn in 2021.
Market Dynamics
Rising adoption of FDMA as an integral part of safety management system is expected to drive growth of the global flight data monitoring and analysis market during the forecast period. As Flight data monitoring and analysis has become a voluntary safety program intended to increase the aviation safety through proactive flight-recorded statistics. This program allows airlines to collect selective digital data from flight data recorders, which is installed on their airplanes. Thereafter, this data is used to identify particular events, which is called systematic management system (SMS). The SMS establishes a baseline safety margin and computes deviations from standards and risk areas. Moreover, if any potential risk trend is identified, a proper risk management plan is implemented and its effectiveness is monitored until the trend normalizes. Moreover, growing need to reduce unscheduled maintenance cost and increasing asset utilization is expected to boost the demand Unscheduled maintenance and repair operations can lead to additional expenditures for airline companies. Moreover, it leads to inadequate utilization of assets. Flight data monitoring and analysis can provide proper analysis regarding maintenance and repair operations. This, in turn, saves unnecessary expenditure, enhances efficiency, and streamlines airline operations.
Key features of the study:
Detailed Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
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