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Asia Pacific Flight Data Monitoring Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Solution Type (On Board and Ground), and End User (Fleet Operators, Drone Operators, and Investigation Agencies)

Code: TIPRE00020986 | Pages: 118 | Industry: Aerospace and Defense | Date: Apr 2021
Covid

Market Introduction

In APAC, China, India, and Japan are among the major countries with significant aircraft fleet. According to the IATA, the region witnessed a growth of 8.7% in passenger traffic for airways transportation in 2018 compared to that in 2017. This rise in passenger traffic generates a significant demand for commercial aircraft fleets to be operational. Accelerating economic growth and increasing incomes across the region are driving the business travel. As per the World Economic Forum, airlines in the region account for over a third of global passenger numbers, and market share is also set to grow. China is leading the region’s air travel industry and it is set to overtake the US as the largest aviation market by 2030, as stated by IATA. As per Boeing's Current Market Outlook, the region is expected to receive ~17,390 aircraft deliveries by 2038. Thus, growing number of aircraft deliveries and rising aviation industry in APAC would propel the demand for flight data monitoring systems in the coming years. Singapore Airlines, Air China, Air India, Japan Airlines, and Korean Air are among major airlines operating in the region. Singapore Airlines operates a safety program, which helps raise awareness about safety practices on the ground, mitigate ramp accidents, and measure safety performance standards for continual improvement. The airlines also operate Flight Data Analysis Program (FDAP), where flight data is captured in quick access recorders in aircraft. The recorder data is used by engineering maintenance staff and flight crew to support safe operations. Thus, due to the growing concern of safety of aircraft, airlines are highly procuring flight data monitoring systems. Rising manufacturing of aircraft is also likely to boost the demand for flight data monitoring systems in the region.

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.  

Market Overview and Dynamics

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. The demand for FDM is supposed to escalate during the forecast period with rising importance for data analytics in the aviation industry. For instance, in October 2020, Uber Elevate, an urban air mobility project of Uber Air, selected GE Aviation to develop a flight data monitoring program for eVTOL (electric vertical takeoff and landing) ridesharing service. The service is expected to be launched in 2023 but the voluntary deployment of FDM in the eVTOL highlights the importance of flight safety and data solutions. The flight data monitoring system is transforming airlines from reactive mode to proactive mode, thereby augmenting the market growth.

Key Market Segments

The APAC flight data monitoring systems market is segmented based on component, solution type, end user. Based on component, the APAC market is segmented into hardware, software, and service. Hardware segment held the largest market share in 2020. Based on solution type, the APAC 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.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the flight data monitoring systems market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Curtiss-Wright Corporation; FLYHT Aerospace Solutions Ltd.; Honeywell International Inc.; L3Harris Technologies Inc.; Safran Electronics & Defense; and Teledyne Controls LLC.

Reasons to buy report

  • To understand the APAC flight data monitoring systems market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC flight data monitoring systems market.
  • Efficiently plan M&A and partnership deals in APAC flight data monitoring systems market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC flight data monitoring systems market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Flight Data Monitoring Systems Market Segmentation

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 - Company Profiles

  • Curtiss-Wright Corporation
  • FLYHT Aerospace Solutions Ltd.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Safran Electronics & Defense
  • Teledyne Controls LLC
 

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

  1. Curtiss-Wright Corporation
  2. FLYHT Aerospace Solutions Ltd.
  3. Honeywell International Inc.
  4. L3Harris Technologies Inc.
  5. Safran Electronics & Defense
  6. Teledyne Controls LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC flight data monitoring systems market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC flight data monitoring systems market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the flight data monitoring systems market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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