Europe Flight Data Monitoring Systems Market is expected to reach US$ 1,544.42 million by 2027

On Board Segment to Dominate Europe Flight Data Monitoring Systems Market during 2020–2027

According to The Insight Partners market research study on “Europe Flight Data Monitoring Systems Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component, Solution Type, and End User” is expected to reach US$ 1,544.42million by 2027 from US$ 932.68 million in 2020. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The report provides trends prevailing in the Europe flight data monitoring systems market along with the drivers and restraints pertaining to the market growth. Number of aircraft deliveries is increasing, and this is the major factor driving the growth of the Europe flight data monitoring systems market. However, issues associated with presence of substitute solutions including high cost of flight data monitoring systems hinders the growth of Europe flight data monitoring systems market.

The Europe flight data monitoring systems market is segmented based on component, solution type, end user. Based on component, the Europe market is segmented into hardware, software, and service. Hardware segment held the largest market share in 2020. Based on solution type, the Europe market is segmented into on-board and ground. On board segment held the largest market share in 2020. In terms of end user, the market is segmented into fleet operators, drone operators, and investigation agencies. Fleet operators segment held the largest market share in 2020.

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.

Appareo; Curtiss-Wright Corporation; FLYHT Aerospace Solutions Ltd.; Honeywell International Inc.; L3Harris Technologies Inc.; Safran Electronics & Defense; and Teledyne Controls LLC are among the leading companies in the Europe flight data monitoring systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, L3Harris Technologies is offering flight data analysis services for all AReS II-equipped Cessna Citation CJ4 jets, manufactured by Textron Aviation Inc.

The report segments the Europe Flight Data Monitoring Systems Market follows:

Europe Flight Data Monitoring Systems Market – By Component

• Hardware
• Software
• Services

Europe Flight Data Monitoring Systems Market – By Solution Type

• On Board
• Ground

Europe Flight Data Monitoring Systems Market – By End User

• Fleet Operators
• Drone Operators
• Investigation Agencies

Europe Flight Data Monitoring Systems Market – By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe