Global Flight Data Monitoring Market report published by Accurize Market Research forecast that the global market is expected to reach $6.4 billion by 2025; growing at a CAGR of 7.8% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for real-time fault management and increased need for custom alerting & analysis solutions across the globe to drive the growth of the market
Rising demand for real-time fault management and increased need for custom alerting & analysis solutions fuels the demand for the global flight data monitoring market. Furthermore, the high demand for performance monitoring also boosts the growth of the market.
Market Segmentation
The global flight data monitoring market has been bifurcated on the basis of solution type, component, end-user, and geography. The solution type segment is sub-segmented into onboard and on the ground. By component, the segmentation is given as FDM service, FDM system, and FDM software. Furthermore, fleet operators, drone operators, FDM service providers; investigation agencies are included in the end-user segment.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S. and Canada whereas Europe segment consists of the UK, Germany, France, Russia, Ireland, Spain, Netherlands, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, Australia, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
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Top players in the market
The key market players include Teledyne Controls, Flightdatapeople, Scaled Analytics, Guardian Mobility, Curtiss-Wright, Flyht, Flight Data Services, Skytrac, Safran Electronics & Defense and Flight Data Systems, among others.