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.
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APAC Flight Data Monitoring Systems Market Segmentation
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- Request discounts available for Start-Ups & Universities
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Flight Data Monitoring Systems Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. APAC Flight Data Monitoring Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Demand for Flight Safety Solutions
5.1.2 Overall Count of Aircraft Deliveries Witnessing Huge Jump
5.2 Market Restraints
5.2.1 Expensive Flight Data Monitoring Systems and Accessibility of Alternative Solutions
5.3 Market Opportunities
5.3.1 Helicopter Flight Data Monitoring (HFDM) Systems Witnessing High Demand
5.4 Future Trends
5.4.1 Increase in Flight Data Monitoring Service Providers
5.5 Impact Analysis of Drivers and Restraints
6. Flight Data Monitoring Systems Market –APAC Analysis
6.1 Overview
6.2 APAC Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
7. APAC Flight Data Monitoring Systems Market Analysis – By Component
7.1 Overview
7.2 APAC Flight Data Monitoring Systems Market, By Component (2020 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
8. APAC Flight Data Monitoring Systems Market Analysis – By Solution Type
8.1 Overview
8.2 APAC Flight Data Monitoring Systems Market, By Solution Type (2020 and 2027)
8.3 On board
8.3.1 Overview
8.3.2 On board: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Ground
8.4.1 Overview
8.4.2 Ground: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
9. APAC Flight Data Monitoring Systems Market Analysis – By End User
9.1 Overview
9.2 APAC Flight Data Monitoring Systems Market, By End User (2020 and 2027)
9.3 Fleet Operators
9.3.1 Overview
9.3.2 Fleet Operators: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
9.4 Drone Operators
9.4.1 Overview
9.4.2 Drone Operators: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
9.5 Investigation Agencies
9.5.1 Overview
9.5.2 Investigation Agencies: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
10. APAC Flight Data Monitoring Systems Market – Country Analysis
10.1 Overview
10.1.1 APAC: Flight Data Monitoring Systems Market, By Country
10.1.1.1 Australia: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Flight Data Monitoring Systems Market, By Component
10.1.1.1.2 Australia: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.1.3 Australia: Flight Data Monitoring Systems Market, By End User
10.1.1.2 China: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Flight Data Monitoring Systems Market, By Component
10.1.1.2.2 China: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.2.3 China: Flight Data Monitoring Systems Market, By End User
10.1.1.3 India: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Flight Data Monitoring Systems Market, By Component
10.1.1.3.2 India: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.3.3 India: Flight Data Monitoring Systems Market, By End User
10.1.1.4 Japan: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Flight Data Monitoring Systems Market, By Component
10.1.1.4.2 Japan: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.4.3 Japan: Flight Data Monitoring Systems Market, By End User
10.1.1.5 South Korea: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Flight Data Monitoring Systems Market, By Component
10.1.1.5.2 South Korea: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.5.3 South Korea: Flight Data Monitoring Systems Market, By End User
10.1.1.6 Rest of APAC: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Flight Data Monitoring Systems Market, By Component
10.1.1.6.2 Rest of APAC: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.6.3 Rest of APAC: Flight Data Monitoring Systems Market, By End User
11. APAC Flight Data Monitoring Systems Market - COVID-19 Impact Analysis
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Partnership
13. Company Profiles
13.1 L3Harris Technologies, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 FLYHT Aerospace Solutions Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Curtiss-Wright Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Safran Electronics & Defense
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Teledyne Controls LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Flight Data Monitoring Systems Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Australia Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Australia Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 5. China Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 6. China Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. China Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. India Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 9. India Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. India Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Japan Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Flight Data Monitoring Systems Market Segmentation
Figure 2. APAC Flight Data Monitoring Systems Market Segmentation – By Country
Figure 3. APAC Flight Data Monitoring Systems Market Overview
Figure 4. APAC Flight Data Monitoring Systems Market, by Country
Figure 5. APAC Flight Data Monitoring Systems Market, By Component
Figure 6. APAC Flight Data Monitoring Systems Market, By End User
Figure 7. Porter’s Five Forces Analysis
Figure 8. APAC Flight Data Monitoring Systems Market – Ecosystem Analysis
Figure 9. APAC Flight Data Monitoring Systems Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. APAC Flight Data Monitoring Systems Market Revenue Share, By Component (2020 and 2027)
Figure 12. APAC Hardware: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. APAC Software: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC Services: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. APAC Flight Data Monitoring Systems Market Revenue Share, By Solution Type (2020 and 2027)
Figure 16. APAC On board: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. APAC Ground: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. APAC Flight Data Monitoring Systems Market Revenue Share, By End User (2020 and 2027)
Figure 19. APAC Fleet Operators: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. APAC Drone Operators: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. APAC Investigation Agencies: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
Figure 22. APAC: Flight Data Monitoring Systems Market, by Key Country – Revenue (2020) (US$ Million)
Figure 23. APAC: Flight Data Monitoring Systems Market Revenue Share, By Country (2020 and 2027)
Figure 24. Australia: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. China: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. India: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Japan: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. South Korea: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Rest of APAC: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in APAC Country Markets
- Curtiss-Wright Corporation
- FLYHT Aerospace Solutions Ltd.
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Safran Electronics & Defense
- Teledyne Controls LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.1 Macro-Economic Factor Analysis:
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.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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