Market - - Jul 05,2017
As per reports, the global flight data monitoring and analysis market is anticipated to acquire a value of US$1,623.16 Million by the end of 2025.
It is important to know that, Flight Data Monitoring and Analysis (FDMA) is a technique which is used to enhance flight crew performance as well as to manage air traffic control procedures. Thus, this helps to detect flaws in the aircraft operations before they can lead to major accidents. Hence, considering all these facts, they are combined with the aircraft operator’s safety management system.
As per a recent research report published by Market Research Reports Search Engine (MRRSE), the market for global flight data monitoring and analysis is expected to rise from a value of US$677.6 Million in 2016 to reach a target of US$1,623.16 Million by the end of 2025. At this pace, the market is projected to surge at a CAGR of 10.4%.
It is interesting to know that, the International Aviation Civil Organization (ICAO) has made FDMA compulsory for aircrafts above a specified maximum certificated take-off mass. Hence, this factor is acting as a major boost for the flight data monitoring and analysis market during the period between 2017 and 2025.
Considering the aircraft type, the worldwide market for flight data monitoring is segregated into fixed wing and rotary wing. Since the FDMA solutions have become mandatory for aircrafts with a maximum certificated take-off mass of 27,000 Kg, the domination by the fixed wing aircraft segment in the FDMA market is expected to retain. Also, it has been noted that, by the end of 2025, this particular segment is anticipated to hold 90% of the market share.
The market is currently managed by top players such as Curtiss-Wright Corporation, Safran Electronics & Defense and Teledyne Controls LLC, along with other manufacturers, namely Hi-Fly Marketing, Guardian Mobility Corporation, NeST Aerospace Pvt. Ltd, Helinalysis Ltd., French Flight Safety etc.
For more information on this report visit- http://www.mrrse.com/flight-data-monitoring-analysis-market