PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358972
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358972
According to Stratistics MRC, the Global Flight Data Monitoring Market is accounted for $6.53 billion in 2023 and is expected to reach $12.37 billion by 2030 growing at a CAGR of 9.55% during the forecast period. To increase operational effectiveness and aviation safety, flight data monitoring (FDM), a process for gathering, analyzing, and interpreting flight data, is utilized. The system's performance, pilot inputs, and flight variables like altitude, speed, and heading must all be continuously monitored. FDM can be used to identify operational inefficiencies and potential safety threats, such as deviations from SOPs, issues with the aircraft's systems, and pilot errors. Due to its ability to reduce incidents and accidents, boost operational effectiveness, and enhance overall safety performance, FDM has grown to be a crucial instrument in modern aviation.
According to IATA, air passenger traffic in India would surpass the UK to be the third-highest in the world by 2035, with the addition of over 322 million passengers, reaching a total of 442 million.
Enhancing aviation safety is the primary objective of flight data monitoring. The study of flight data makes it feasible to spot potential safety hazards that result from best practices, excessive initiatives, or strange flying patterns. Airlines and aviation authorities can improve overall flight safety by aggressively identifying safety issues, implementing corrective measures, and monitoring and evaluating this data. The effectiveness of operations in the aviation sector can also be improved through flight data monitoring. Operators may discover chances for enhanced maintenance procedures, more efficient routes, and opportunities for increased fuel efficiency by evaluating flight data. These insights may result in financial savings, a decrease in the impact on the environment, and improved operational performance.
Flight data monitoring is the process of gathering and examining private data about aircraft operations, including flight patterns, performance information, and crew behavior. To safeguard the confidentiality and integrity of this information, it is essential to ensure data privacy and security. However, seeking the ideal balance between data privacy protection and accessibility for safety purposes can be challenging.
To prevent accidents, airplane manufacturers are concentrating on enhancing aircraft security systems. Real-time information on a flight is actively provided to passengers by airport officials as well. The performance of each equipment is rapidly collected by the pilots owing to a live tracking system for the aircraft. When a flight has an unanticipated system breakdown or faulty operation of any plane system, this real-time tracking system is crucial. When something like this happens, the pilot has plenty of time to work with the airport's air traffic controller to resolve the issue. To avoid a serious travel mishap, this real-time tracking technology can assist with the landing of the aircraft at the closest airport.
Every commercial aircraft records flight information to increase flight safety. In order to compute new parameters and identify certain moments of the flight, such as rotation, takeoff, and touchdown, the recorded data is evaluated. These moments are then utilized to identify instances during the flight where a safety issue occurred. To avoid missed events and false positives, it is essential to properly detect moments. However, inaccurate immediate detection could cause false-positive trigger events. Due to this, airlines and aircraft operators may overlook safety issues since they are not readily apparent. As a result, throughout the forecast period, the expansion of the global flight data monitoring market is anticipated to be constrained by the accuracy of the information received and quality assurance by FDM.
Due to worldwide lockdowns and travel restrictions that were placed into effect as a result of the COVID-19 pandemic, the market for flight data monitoring has been severely impacted in numerous ways. This caused the supply chains of companies that make aircraft and offer software, hardware, and services for flight data monitoring to be switched and disrupted. The social conventions of distance suggested a reduction in both ground employees and the personnel needed for operating such flight data monitoring systems. During the pandemic, there was a general decline in or possibly a halt of all business and tourist travel, which had an effect on the global market for flight data monitoring.
The on-board solution segment will hold the largest share over the forecast period. Real-time monitoring capabilities included in onboard systems may allow for the rapid identification and transmission of potential safety issues or deviations from conventional operating practices. When established safety criteria are breached, these devices can provide alerts to flight crews or ground staff, enabling prompt risk minimization. Additionally, on-board FDM solutions are coupled with a number of aircraft systems, including avionics systems, flight control systems, engine monitoring systems, and other onboard sensors, to collect data from a variety of sources. Integration with these systems guarantees thorough data gathering and offers an extensive overview of aircraft performance and safety.
FDM Service segment is estimated to witness lucrative growth. FDM is used to deliver the services in order to assure safety, detect trends, and fully explore the circumstances around events that have been identified. For instance, AviSwiss offers Flight Data Monitoring Services in accordance with European Aviation Safety Agency (EASA) regulations, which mandate the use of flight data monitoring (FDM) when combined with the Flight Operation Quality Assurance Process (FOQA) and the Safety Management System SMS for commercially operated aircraft with a maximum take-off mass of 27,000 kg and above.
Due to the widespread presence of manufacturers, service providers, and software system developers of flight information observation systems during the projected period, North America held the largest share of the market. The US and Canadian market participants' significant product demand thereby essentially fuels regional market expansion. By 2035, it's predicted that there will be 10,000 planes flying in the area, which will open up new business potential for companies engaged in flight data monitoring in North America.
Due to the delivery of new aircraft to airlines and the armed forces from significant nations, including China, India, Japan, and South Korea, among others, during the projection period, Asia Pacific is expected to have profitable growth. Flight data monitoring services are also in demand as the number of planes grows. Additionally, this area is expanding rapidly due to rising urbanization and tourism. The enhancement of airline services and the launching of new international routes by local airlines are also expected to have an impact on the Asia-Pacific flight data monitoring industry.
Some of the key players in Flight Data Monitoring market include: Flight Data Systems , Scaled Analytics, Guardian Mobility, Flightdatapeople, Flight Data Services, Teledyne Controls, Skytrac, Safran Electronics & Defense, Curtiss-Wright and L3Harris Technology Inc.
In September 2022, Safran Data Systems and Contec announced a contract for the construction of a ground station optical in Western Australia in 2023. Contec will receive an optical ground station from Safran Data System as part of the development.
In October 2022, Safran said that the Swedish Space Corporation had chosen Safran Data Systems to expand its worldwide network of Lunar Exploration Ground Sites (LEGS) to meet the new needs of the space industry for communications on the moon.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.