“Global Flight Data Monitoring and Analysis Market, By Aircraft Type (Fixed Wing and Rotary Wing) by End-use Vertical (Civil (Commercial Aviation and General Aviation) and Military), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 1,977.03 Mn by 2027, witnessing a CAGR of 10.4 % during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
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. FDMA is also used in improving flight crew performance, air traffic control procedures, air carrier training programs and operating programs, maintenance areas of a fleet operator, and aircraft operations and design to run a successful aviation organization. FDMA offers various benefits including a reduction in severe accidents, reduction in unnecessary maintenance & repairs, improved pilot training programs, and enhanced fuel consumption.
The global flight data monitoring and analysis market is estimated to account for US$ 881.31 Mn in 2019 and is expected to grow at a CAGR of 10.4 % over the forecasted period 2020-27.
Growing need to reduce unscheduled maintenance and increasing asset utilization is expected to boost the global flight data monitoring and analysis market growth over the forecast period
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. Moreover, different assets included in an airline company are adequately used, which in turn, is expected to boost the global flight data monitoring and analysis market growth over the forecast period.
Growing utilization of advanced technologies for flight data monitoring can present significant growth opportunities
Many wireless technologies have been incorporated with flight data monitoring including wireless sensors. Wireless sensors offer consistency to back-office assessments of the FQQA information thereby enhancing productivity and cost-effectiveness. According to a report by the Flight Safety Organization in 2015, technology integration is the current need for FOQA solutions, as they support wireless downloading on the ground and do not require a separate QAR (Quick access recorder), which reduces the additional cost.
Major challenges regarding certification clearance are expected to hinder the global flight data monitoring and analysis market growth over the forecast period
Although flight data monitoring and analysis systems offer a plethora of benefits, certain issues regarding certification are hindering its adoption. This major due to critical issues regarding privacy concerns and compliance with regulatory policies. Many FDMA solution providers often fail to comply with standards, which in turn is expected to hinder the global flight data monitoring and analysis market growth over the forecast period.
Associating FDM with training
Governments of various European countries are taking proactive initiatives to undertake FDM programs for large airplanes as well as lighter airplanes and helicopters. The European Authorities co-ordination group on FDM (EAFDM) provides guidance on how to effectively manage FDM programs on the basis of the experience of its members and makes it available to national aviation authorities. According to the EAFDM report in 2015, FDM derived information has benefitted the flight crew and training departments to a great extent. Therefore, as part of the deployment of an Alternative Training and Qualification Program (ATQP), a recognized approach of associating FDM with training is employed in Europe.
Addressing cybersecurity in aviation
The threat of cybersecurity has increased significantly, owing to the use of advanced technologies and devices that are connected to the aircraft. For instance, to address the cybersecurity issue, Joint Communication to the European Parliament, Cyber Security Strategy of the European Union, and the European Economic and Social Committee published a report on ‘Secure Cyberspace’ in 2013. In response to that, EASA and Computer Emergency Response Team (CERT-EU), signed a memorandum of mutual cooperation (MoC) for the execution of a European Centre for Cyber Security in Aviation (ECCSA). ECCSA will mostly work as an information management platform and provide secure means for aviation shareholders to give-and-take applicable cybersecurity data.
Reducing air fatalities
The Regional Aviation Safety Group and Pan America have partnered to improve safety levels is successful in Latin America. According to the International Air Transport Association (IATA) annual report 2016, in 2015, Latin America achieved its 2020 target of a 50% fatalities risk reduction compared to the 2009- 2011 rolling average. Also, there were no fatalities in 2014 and 2015.
Ireland: Irish Aviation Authority (IAA)
Major companies involved in the global flight data monitoring and analysis market are 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.