North America 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)
Market Introduction
The North America aviation industry is witnessing significant growth due to increased number of international and domestic flights. This, in turn, is propelling the growth of the flight data monitoring market. Increasing number of aircraft generates the demand for advanced flight data monitoring (FDM) systems and services to improve operational safety of an aircraft. The importance of flight data monitoring is growing as modern aircraft come with connected systems, which require data collecting tools. Growing importance of data analytics in flight operations to enhance flight performance and safety is mounting the demand for flight data monitoring solutions. Flight data monitoring ensures operational safety by collecting the flight data during or post-flight. Further, increased safety standards and improved guidelines for aircraft fleet operators are enhancing the importance of flight data monitoring systems. Besides, increased use of automatic flight data monitoring solutions reduces maintenance cost and time with improved operational efficiency. There is an increase in demand for flight data monitoring systems from helicopter fleet operators due to their time saving and cost-saving benefits. Increasing aircraft fleet dictated the establishment of a flight data monitoring system for all aircraft types to improve efficiency, training modules, and safety; and reduce maintenance cost. Rapid development in flight data monitoring solution offerings, such as helicopter flight data monitoring systems and FDM services, are driving the market. Also, Rising demand for flight safety solutions is a major factor driving the North America flight data monitoring systems market.
The ongoing COVID-19 is having a very devastating impact across North America. The North American market suffered the huge economic loss in the first half of 2020 owing to the high number of COVID-19 cases, specifically in the US. The economic growth has lowered that delayed the ongoing projects of commercial and defense upgradation. The US is one of the major exporters of aircraft but owing to disrupted supply chain and lowering economic conditions of importing countries, the country is witnessing lower export revenue. Enhancing trade relation to support international supply post lockdown helped market to regain its position. The limiting strength of workforce due to physical distancing model hampered the production activities in country. The low demand for aircraft created severe impact on the aircraft manufacturing companies. For instance, Boeing company expected lower demand from market than their previous prediction amid COVID-19. In new report, the company predicted 11% drop in demand from its forecast a year ago. Such lowering demand and sale of aircraft has direct negative impact on the adoption of flight data monitoring systems and services, which hinders the growth of the flight data monitoring systems market in North America.
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Market Overview and Dynamics
The flight data monitoring systems market in North America is expected to grow from US$ 1,311.56 million in 2020 to US$ 2,012.23 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027. 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. Further, increasing ratio of fatal accidents registered by the USHST is supporting the adoption of HFDM systems to improve operational safety. For instance, the USHST strongly recommends HFDM in order to prevent fatal rotorcraft accidents triggered due to unintended instruments, meteorological conditions, loss of control inflight, and low altitude. According to the USHST, the FDM solution is benefiting helicopter operators to improve safety by collecting data of normal and off-nominal operations. Responding to the need for operational safety, leading market players are introducing advanced HFDM solutions for helicopter fleet operators. Also, New product development and adoption from leading aircraft manufacturers is creating a lucrative opportunity for the market.
Key Market Segments
The North America flight data monitoring systems market is segmented based on component, solution type, end user. Based on component, the North America market is segmented into hardware, software, and service. Hardware segment held the largest market share in 2020. Based on solution type, the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Appareo; Curtiss-Wright Corporation; FLYHT Aerospace Solutions Ltd.; Guardian Mobility; Honeywell International Inc.; L3Harris Technologies Inc.; Safran Electronics & Defense; Scaled Analytics Inc.; Skytrac Systems Ltd.; and Teledyne Controls LLC.
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North America Flight Data Monitoring Systems Market Segmentation
North America Flight Data Monitoring Systems Market - By Component
- Hardware
- Software
- Services
North America Flight Data Monitoring Systems Market - By Solution Type
- On Board
- Ground
North America Flight Data Monitoring Systems Market – By End User
- Fleet Operators
- Drone Operators
- Investigation Agencies
North America Flight Data Monitoring Systems Market - By Country
- US
- Canada
- Mexico
North America Flight Data Monitoring Systems Market - Company Profiles
- Appareo
- Curtiss-Wright Corporation
- FLYHT Aerospace Solutions Ltd.
- Guardian Mobility
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Safran Electronics & Defense
- Scaled Analytics Inc.
- Skytrac Systems Ltd.
- 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. North America 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. North America Flight Data Monitoring Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Flight Safety Solutions
5.1.2 Growing Number of Aircraft Deliveries
5.2 Market Restraints
5.2.1 Expensive Flight Data Monitoring Systems and Availability of Alternative Solutions
5.3 Market Opportunities
5.3.1 Increasing Need for Helicopter Flight Data Monitoring (HFDM) Systems
5.4 Future Trends
5.4.1 Significant Increase in Offering of Flight Data Monitoring Services
5.5 Impact Analysis of Drivers and Restraints
6. Flight Data Monitoring Systems Market – North America Analysis
6.1 Overview
6.2 North America Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Flight Data Monitoring Systems Market Analysis – By Component
7.1 Overview
7.2 North America 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. North America Flight Data Monitoring Systems Market Analysis – By Solution Type
8.1 Overview
8.2 North America 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. North America Flight Data Monitoring Systems Market Analysis – By End User
9.1 Overview
9.2 North America 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. North America Flight Data Monitoring Systems Market – Country Analysis
10.1 Overview
10.1.1 North America: Flight Data Monitoring Systems Market, By Country
10.1.1.1 US: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Flight Data Monitoring Systems Market, By Component
10.1.1.1.2 US: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.1.3 US: Flight Data Monitoring Systems Market, By End User
10.1.1.2 Canada: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Flight Data Monitoring Systems Market, By Component
10.1.1.2.2 Canada: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.2.3 Canada: Flight Data Monitoring Systems Market, By End User
10.1.1.3 Mexico: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Flight Data Monitoring Systems Market, By Component
10.1.1.3.2 Mexico: Flight Data Monitoring Systems Market, By Solution Type
10.1.1.3.3 Mexico: Flight Data Monitoring Systems Market, By End User
11. North America Flight Data Monitoring Systems Market - COVID-19 Impact Analysis
11.1 North America: 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 Appareo
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 FLYHT Aerospace Solutions Ltd
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 Honeywell International Inc.
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 Curtiss-Wright Corporation
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 Guardian Mobility
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
13.7 Safran Electronics & Defense
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Scaled Analytics Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SKYTRAC SYSTEMS LTD
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Teledyne Controls LLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Flight Data Monitoring Systems Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. US Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 3. US Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. US Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Flight Data Monitoring Systems Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Flight Data Monitoring Systems Market, By Solution Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico Flight Data Monitoring Systems Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Flight Data Monitoring Systems Market Segmentation
Figure 2. North America Flight Data Monitoring Systems Market Segmentation – By Country
Figure 3. North America Flight Data Monitoring Systems Market Overview
Figure 4. North America Flight Data Monitoring Systems Market, by Country
Figure 5. North America Flight Data Monitoring Systems Market, By Component
Figure 6. North America Flight Data Monitoring Systems Market, By End User
Figure 7. Porter’s Five Forces Analysis
Figure 8. North America Flight Data Monitoring Systems Market – Ecosystem Analysis
Figure 9. North America Flight Data Monitoring Systems Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Flight Data Monitoring Systems Market Revenue Share, By Component (2020 and 2027)
Figure 12. North America Hardware: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Software: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Services: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Flight Data Monitoring Systems Market Revenue Share, By Solution Type (2020 and 2027)
Figure 16. North America On board: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Ground: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Flight Data Monitoring Systems Market Revenue Share, By End User (2020 and 2027)
Figure 19. North America Fleet Operators: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America Drone Operators: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America Investigation Agencies: Flight Data Monitoring Systems Market –Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America: Flight Data Monitoring Systems Market, by Key Country – Revenue (2012) (US$ Million)
Figure 23. North America Flight Data Monitoring Systems Market Revenue Share, By Country (2020 and 2027)
Figure 24. US: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Canada: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Mexico: Flight Data Monitoring Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- Appareo
- Curtiss-Wright Corporation
- FLYHT Aerospace Solutions Ltd.
- Guardian Mobility
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Safran Electronics & Defense
- Scaled Analytics Inc.
- Skytrac Systems Ltd.
- Teledyne Controls LLC
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