The flight data monitoring systems market in APAC is expected to grow from US$ 708.20 million in 2020 to US$ 1,252.96 million by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027.
Helicopter flight data monitoring (HFDM) systems is witnessing high demand, and this is the major factor driving the APAC flight data monitoring systems market. The demand for operational safety is surging in the rotary-wing aircraft sector, specifically for helicopters used in public and private services. To meet this emerging demand, market players are introducing advanced helicopter flight data monitoring (HFDM) systems and services. Responding to the need for operational safety, leading market players are introducing advanced HFDM solutions for helicopter fleet operators. For instance, in January 2021, Bell Textron Inc.—a company of Textron Inc.—introduced a new supplemental type certificate for a newly developed device, QuantiFLY. This new aircraft device is a lightweight and fully automatic flight data monitoring solution designed for Bell 407GXi and Bell 429 aircraft. This smart helicopter solution is offering actionable data to enhance flight experience and greater visibility into flight operations for safety drive. In March 2019, Airbus Helicopters introduced new Flight Analyser helicopter flight data monitoring (HFDM) solution to support operational safety in aircraft. The post-flight data analysis done by the HFDM solution identifies the risk and takes preventive action before they lead to incidents. New product development and adoption from leading aircraft manufacturers is creating a lucrative opportunity for the market.
The COVID-19 outbreak has adversely affected several countries in APAC such as South Korea, and India. A few countries such as China, India, South Korea, and Japan are increasingly moving toward the advancement of the commercial and defense aircraft industry. Further, countries such as China and Japan increased their aircraft fleet owing to rising domestic and international flights. These countries is upgrading their flight data monitoring systems operations by adopting new systems and services for aircraft. The governments of various countries also supported the smaller local air carriers to mitigate the outbreak of COVID-19, which helped market to sustain the growth. For instance, the government of South Korea announced the financial support of up to US$ 269 million for smaller local air carriers. In addition, the government also provided the US$ 2.7 billion support to Asiana Airlines and Korean Air to stabilize the liquidity of both airlines. Thus COVID-19 is having adverse impact on APAC region for the flight data monitoring systems market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC flight data monitoring systems market. The APAC flight data monitoring systems market is expected to grow at a good CAGR during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
APAC Flight Data Monitoring Systems Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
APAC Flight Data Monitoring Systems Market – By Component
- Hardware
- Software
- Services
APAC Flight Data Monitoring Systems Market – By Solution Type
- On Board
- Ground
APAC Flight Data Monitoring Systems Market – By End User
- Fleet Operators
- Drone Operators
- Investigation Agencies
APAC Flight data monitoring systems Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Flight Data Monitoring Systems Market - Companies Mentioned
- Curtiss-Wright Corporation
- FLYHT Aerospace Solutions Ltd.
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Safran Electronics & Defense
- Teledyne Controls LLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Solution Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
- Curtiss-Wright Corporation
- FLYHT Aerospace Solutions Ltd.
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Safran Electronics & Defense
- Teledyne Controls LLC
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
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We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
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