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Europe Flight Data Monitoring Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Solution Type, and End User

Europe Flight Data Monitoring Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Solution Type, and End User

  • April 2021
  • 122 pages
  • ID: 6064948
  • Format: PDF
  • The Insight Partners
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The Europe flight data monitoring systems market is expected to grow from US$ 932.68 million in 2020 to US$ 1,544.42 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The revenue generation curve for flight data monitoring services is showcasing an upward inclination in the current scenario and is expected to remain the same during the forecast period. The flight data monitoring systems require heavy investments and skilled resources for data collection and analysis. This sometimes pressurizes the fleet operators to cut costs in other areas of investments that are equally important. However, the flight data monitoring activities being one of the key activities, the deferment of the activity is not feasible. Thus, companies operating in the market are offering flight data monitoring services for customers to save their valuable time and expenses. Also, skilled resources are offered by service providers to enhance flight performance and operations. Flight data monitoring services are expanding their geographical reach and offering for the smallest airlines or fleet operators. For instance, in December 2020, Textron Aviation launched new aircraft flight data monitoring service options for Cessna Citation business jet operators. This service improves training, operational efficiency, and customer reliability by transferring the data to one of the data management providers. Customers can select Safran Electronics & Defense’s Cassiopée Flight Data Monitoring solution or L3Harris Technologies’ Flight Data Connect service for comprehensive flight data monitoring capabilities. The increased focus toward service offering can be a new trend in the market which can accelerate the market growth during the forecast period.

Based on solution type, the on board segment led the Europe flight data monitoring systems market in 2020.The airline safety department evaluates the aircraft data recorded on-board in order to scrutinize safety incidences.

The data recorded by the flight data monitoring systems on-board is downloaded and evaluated through numerous techniques and tools.The analysis is then used to establish maintenance schedules, enhance civil aviation operations, train pilots, and modify operational procedures without compromising safety.

The commercial aviation sector is escalating at an exponential rate, thereby driving the orders of numerous aircraft models.Growing demand for aircraft is also propelled by increased international and domestic air travel.

Several manufacturers across the Europe are highly focused on creating a wide-ranging, next-generation aviation system with flexibility and cost-effectiveness. Major aircraft OEMs, such as Airbus and Boeing, are presenting tremendous opportunities to the flight data monitoring systems market players.

The Europe flight data monitoring systems market witnessed decline in the market growth at the first half of 2020 due to COVID-19 outbreak.Countries such as Russia, France, Spain, the UK, and others recorded major count of confirmed cases on daily basis; thus, those countries imposed lockdown.

The flights were suspended for longer period in the first half of 2020, which lowered the demand for flight data monitoring systems.Several countries also stopped their production activities in the aircraft industry, which further lowered the market growth.

For instance, 668 infected persons are found on the French aircraft carrier Charles de Gaulle.As a result, the facility cannot function without proper staff the operations are either being stopped or carried out with limited force.

In addition, a new strain of coronavirus that causes COVID-19 has found in the UK, which spreads at faster rate than previous strain. The crisis has initiated shutdown of air connectivity across the UK and other European countries. The Europe is third largest region in terms of demand for airplanes, which might help the market to recover after pandemic but in current scenario the demand for services and systems in the region is experiencing major decline. Still companies operating in the region are managing to offer flight data monitoring systems solution for domestic and global level but not as per the expected target. Also, the use of robots, data analytics, connected systems, and other advanced tools and software for improved flight performance has emerged owing to the outbreak, which might grab stronger share in the forecast period.

The overall Europe flight data monitoring systems market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe flight data monitoring systems market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe flight data monitoring systems market. Appareo, Curtiss-Wright Corporation, FLYHT Aerospace Solutions Ltd., Honeywell International Inc., L3Harris Technologies Inc., Safran Electronics & Defense, and Teledyne Controls LLC are among the key players operating in the market.

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