October 4th,2021/IndustryNewsGlobal/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flight Data Monitoring Market.
Flight Data Monitoring Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
COVID-19 Impact on Global Flight Data Monitoring Market
The outbreak of coronavirus has adversely affected various industries such as automotive, aerospace, and other industrial sectors. As automotive is a key application segment of Flight Data Monitorings, and declining sales of lightweight and commercial vehicles have directly affected the demand for Flight Data Monitorings demand.
Flight Data Monitoring (FDM) Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The growing claim for improved situational cognizance for efficient airline operations, need to minimize the cost of unscheduled maintenance, the rising volume of data generated by the aviation industry, and an upsurge in aircraft deliveries are the prime factors that are driving the global flight data monitoring market.
Based on the solution type, the market is segmented as an onboard solution and on-ground solution. The on-ground segment is estimated to remain dominant during the forecast period. The growing application of the ground-based flight data monitoring analysis software is fueling the growth of the segment.
Based on the component type, the market is segmented as FDM service, FDM system, and FDM software. The FDM service segment led the market in 2018. Factors such as increasing aircraft deliveries globally and the demand for enhanced functional efficiency of airlines are bolstering the growth of the FDM service segment in the coming five years.
Based on the end-user type, the market is segmented as fleet operators, drone operators, investigation agencies, and FDM service providers. The fleet operators’ segment held a major share of the market in 2018. The escalating fleet size of prominent airlines in the APAC region is stimulating the growth of the flight data monitoring market during the forecast period.
In terms of regions, North America and Europe are expected to lead the flight data monitoring market during the forecast period. The market is driven by the presence of giant system manufacturers, software developers, and service providers in the flight data monitoring market that are located in the US, the UK, and France. Asia-Pacific is also expected to offer substantial growth opportunities in the coming five years.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Flight Data Monitoring Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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