Flight Data Monitoring and Analysis Market is expected to be worth US$ 1,623.16 mn by the end of 202

Transparency Market Research (TMR) observes that the competition in the global flight data monitoring and analysis market is extremely high due to the strong presence of several well-established players in the market. Entry of smaller players in the international market has made the scenario tough for the existing players. To remain relevant, leading companies are focusing on mergers and acquisitions to expand their product portfolio in the coming years. The top three players in the global market are Safran Electronics & Defense, Curtiss-Wright Corporation, and Teledyne Controls LLC. The collective share of these companies is estimated to reach 92% by the end of 2017.

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North America to Lead the Global Flight Data Monitoring and Analysis Market

According to the research report, the global flight data monitoring and analysis market is expected to be worth US$ 1,623.16 mn by the end of 2025 from US$677.6 mn in 2016. During the forecast years of 2017 and 2025, the global market for flight data monitoring and analysis market is estimated to progress at a CAGR of 10.4%. The fixed-wing segment is estimated to lead the global market as it is slated to acquire a share of 90.7% in the overall market. Higher safety offered by fixed-winged aircraft is expected to propel the segment. From a geographic point of view, the North America flight data monitoring and analysis market is expected to be the largest one. This regional market is slated to register a CAGR of 8.8% during the forecast period.

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The demand for flight data monitoring and analysis (FDMA) has spiked in recent years due to the growing air traffic and mushrooming airline companies. These systems are used for proactive recording of flight data to understand the repetitive nature of operational inefficiencies. Thus, the primary purpose of FDMA to improve flight and maintenance operations and establishing excellent aviation safety standards. Today, application of FDMA extends to improving flight crew performance, air carrier training programs, air traffic control procedures, aircraft operations, and maintenance areas of a fleet operator along with improving flight operations. Thus, the widening application of these programs is expected to bolster the growth of the global market in the coming years.

On the basis of geography, the global FDMA market is likely to be driven by the Asia Pacific and the Middle East region. Emerging economies in these regions that are focusing on increasing the safety standards in the aviation industry is expected to support the market. Furthermore, the growing general aviation in Asia Pacific and Middle East are expected to be the possible reasons for its growth in the forecast period. However, North America held a major share in the overall market in 2016, which was closely followed by Europe. North America is estimated to register a CAGR of 8.8% in the global market between 2017 and 2025.

The key players profiled in the global Flight Data Monitoring and Analysis market include Curtiss-Wright Corporation, Teledyne Controls LLC, and Safran Electronics & Defense. Other players included are Hi-Fly Marketing, NeST Aerospace Pvt. Ltd, Guardian Mobility Corporation, French Flight Safety, Helinalysis Ltd, FlightDataPeople, Flight Data Services Ltd, Scaled Analytics Inc., and Aerobytes Ltd.

Researcher Tech Trends Up To Date. Market research is an important component of modern business strategy; the process of systematic gathering