The estimated size of the global market for flight data monitoring and analysis in 2021 was US$ 1.1 billion, and it is anticipated that by 2032, it would have grown by 8.6% CAGR to reach US$ 2.7 billion from US$ 1.2 billion. The demand for situational awareness, an increase in aircraft deliveries, and an increase in the volume of data generated by the aviation industry are all projected to drive the growth of the market for flight data monitoring and analysis.
The growth of commercial aircraft and the use of military aircraft for the transportation of defence supplies will propel the FDMA business in the coming years. Flight Data Monitoring and Analysis (FDMA) enhances air traffic control operations and flight crew performance.
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The market for software and services that facilitate the gathering, storing, and analysis of flight data in order to increase aviation safety is referred to as the “flight data monitoring and analysis market.” While flight operations quality assurance (FOQA) involves the manual examination and analysis of flight data by human professionals, flight data monitoring (FDM) involves the automatic collection and analysis of data from an aircraft’s flight data recorder.
The necessity to increase aviation safety and decrease accidents is what drives the global FDM and FOQA industry. To identify potential safety hazards and enhance operating and training processes, these technologies offer insightful data on aircraft performance, pilot behaviour, and operational trends. Airlines also employ them to cut down on maintenance expenses and improve flight operations.
With numerous established and up-and-coming businesses offering a variety of software and services, the FDM and FOQA market is extremely competitive. Flight Data Services, Scaled Analytics, Flight Data Systems, and Honeywell Aerospace are a few of the major competitors in this sector. Major aircraft producers like Boeing and Airbus, which provide FDM and FOQA solutions as part of their products, are additional participants in this sector.
What is the Level of Competition for Flight Data Monitoring and Analysis in the Market?
Through strategic partnerships, manufacturers can increase production and meet consumer demand, increasing both their revenues and market share. The introduction of new products and technologies will allow end-users to reap the benefits of new technologies. Increasing the company’s production capacity is one of the potential benefits of a strategic partnership.
Key Segments Covered in the Flight Data Monitoring and Analysis Market Study
By Aircraft Type:
- Fixed Wing Flight Data Monitoring and Analysis
- Rotary Type Flight Data Monitoring and Analysis
By End Use Vertical:
- Civil Flight Data Monitoring and Analysis
- Military Flight Data Monitoring and Analysis
By Region:
- North America Flight Data Monitoring and Analysis
- Europe Flight Data Monitoring and Analysis
- Asia Pacific Flight Data Monitoring and Analysis
- Middle East and Africa Flight Data Monitoring and Analysis
- South America Flight Data Monitoring and Analysis
Table of Content
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Flight Data Monitoring and Analysis Market
4. Market Overview
4.1. Introduction
4.1.1. Definitions
4.1.2. Government Policies and Regulations
4.2. Global Flight Data Monitoring and Analysis Overview
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