February 10, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Aircraft Health Monitoring System (AHMS) Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2026. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Aircraft Health Monitoring System (AHMS) Market Overview:

Health monitoring systems are gaining momentum in the aircraft industry as all the major aircraft OEMs are increasingly incorporating these systems into their best-selling aircraft in order to enhance the flight safety as well as to reduce MRO cost. The aircraft health monitoring system market is one of the fastest-growing systems in the aircraft industry and is likely to grow at an above average growth rate of the overall aircraft industry (7.3% vs 3.5%) over the next five years.
Several factors are bolstering the demand for health monitoring systems in the aircraft industry. Some of which are-
• Rising demand for advanced aircraft monitoring systems to reduce the increasing aircraft accidents
• Increasing production rates of key aircraft programs
• Surging situational cognizance and cost-effective maintenance
• Increasing demand for connected aircraft solutions
• Effective decision making due to the availability of real-time information
The inception of a structural health monitoring system, a paradigm shift from non-destructive testing, has paved the path for enhanced aircraft health monitoring systems.

Regional Insights
In terms of regions, North America is expected to remain the largest market for aircraft health monitoring systems in the coming five years, whereas Asia-Pacific is likely to witness the highest growth during the same period. The USA is the growth engine of the North American market. Similarly, China, Japan, and India are the key sources of growth in the Asia-Pacific’s aircraft health monitoring system market. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. This, in turn, will create a healthy demand for aircraft health monitoring systems in Asia-Pacific during the forecast period.

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