PUBLISHER: The Business Research Company | PRODUCT CODE: 1484993

PUBLISHER: The Business Research Company | PRODUCT CODE: 1484993

Flight Data Monitoring Global Market Report 2024

PUBLISHED: May 21, 2024

PAGES: 175 Pages

DELIVERY TIME: 2-10 business days

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Description

Flight data monitoring (FDM), also known as flight operational quality assurance (FOQA), serves as a safety management tool within the aviation industry, capturing, analyzing, and visualizing data generated by aircraft during their journeys. This process involves collecting flight data to identify opportunities for enhancing flight safety and operational efficiency in aviation operations.

Key components of flight data monitoring include FDM services, FDM software, and FDM systems. FDM services encompass the monitoring and analysis of flight data provided by third-party sources, involving the collection, analysis, and reporting of data on aircraft performance and operational aspects. These solutions can be deployed onboard or on-ground, catering to various end-users such as fleet operators, drone operators, FDM service providers, and investigating agencies.

The flight data monitoring market research report is one of a series of new reports from The Business Research Company that provides flight data monitoring market statistics, including flight data monitoring industry global market size, regional shares, competitors with a flight data monitoring market share, detailed flight data monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the flight data monitoring industry. This flight data monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

The flight data monitoring market size has grown strongly in recent years. It will grow from $5.50 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed during the historical period can be attributed to several factors, including the increasing air passenger traffic leading to a rise in the number of aircraft, the implementation of stringent safety standards and regulatory norms by government bodies, the growing emphasis on aviation safety, and the increasing volume of data generated by the aviation industry.

The flight data monitoring market size is expected to see strong growth in the next few years. It will grow to $8.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth in the forecast period can be attributed to several factors, including increased air transportation activity, a growing emphasis on safety within the aviation industry, rising demand for efficient aircraft maintenance, increasing reliance on real-time data, and a growing need for cost-effective flight data analysis. Major trends expected during this period include the adoption of artificial intelligence and machine learning, advancements in the commercial aircraft industry, a growing need for real-time monitoring capabilities, the integration of data analytics, and technological advancements in data analytics tools and techniques.

The surge in air transportation activity is anticipated to drive the expansion of the flight data monitoring market in the foreseeable future. Air transportation plays a vital role in fostering economic growth, connectivity, job creation, tourism promotion, and infrastructural development on both national and international scales. As air travel continues to increase, flight data monitoring systems become indispensable tools for airlines to ensure compliance with regulatory requirements and industry standards. These systems capture, analyze, and report flight data as mandated by aviation authorities, thereby ensuring adherence to safety regulations, facilitating regulatory audits, and promoting transparency and accountability in air transportation activities. For example, according to the Bureau of Transportation Statistics Report in March 2023, US airlines transported 853 million passengers (unadjusted) in 2022, marking a substantial increase from 2021 and 2020, thus underscoring the significant growth in air transportation activity and the need for robust flight data monitoring solutions.

Key players in the flight data monitoring market are focusing on developing advanced solutions, such as flight data acquisition interface units (FDAIU), to enhance data acquisition capabilities and ensure compatibility with modern recording systems in the aviation industry. FDAIU plays a critical role in collecting, sampling, conditioning, and digitizing analog signals representing aircraft functions, thereby enhancing data acquisition capabilities within the aviation industry. For instance, Flight Data Systems Pty. Ltd. introduced the flight data acquisition interface unit (FDAIU) in March 2022, providing operators with the ability to upgrade outdated Flight Data Recorders (FDRs) with modern recorders from the SENTRY series. This retrofit solution offers a cost-effective means for operators to modernize their flight data recording systems, thereby contributing to enhanced data collection and analysis functionalities within the flight data monitoring sector.

In November 2021, Collins Aerospace made a strategic acquisition by acquiring FlightAware, a digital aviation company specializing in real-time, historical, and predictive flight tracking data and products. This acquisition aims to leverage FlightAware's expertise in providing comprehensive flight information services to advance Collins Aerospace's connected ecosystem solutions, thereby enhancing the capabilities and offerings in the flight data monitoring market.

Major companies operating in the flight data monitoring market are Honeywell International Inc., Safran SA, L3 Harris Technology Inc., Leonardo S.p.A., Teledyne Technologies Incorporated, Curtiss-Wright Corporation, FlightSafety International Inc., NeST Aerospace Pvt. Ltd., NSE Groupe, SkyTrac Systems Ltd., Flight Data Systems Pty. Ltd., Metro Aviation Inc., Guardian Mobility Corporation, FLYHT Aerospace Solutions Ltd., AeroVision International LLC, Scaled Analytics Inc., Flight Data Services Ltd., Aerobytes Ltd., Flight Data People, Helinalysis Ltd., Hi-Fly Marketing, Aerosight Technologies Private Limited, Ergoss Logiciels Sarl, Truth Data Insights (Holdings) Limited, SAGEM SA

North America was the largest region in the flight data monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight data monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the flight data monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The flight data monitoring (FDM) market consists of revenues earned by entities through personalized crew training, comprehensive fuel monitoring, quicker maintenance diagnostics, data analysis and visualization, and safety reporting and alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The flight data monitoring (FDM) market also includes of sales of flight data recorders (FDRs) and quick access recorders (QARs), data transmission and storage systems, data analysis software, and integration with aircraft health monitoring systems and safety management systems (SMS). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Component: Flight Data Monitoring (FDM) Service; Flight Data Monitoring (FDM) Software; Flight Data Monitoring (FDM) System
2) By Solution: Onboard; On-Ground
3) By End-User: Fleet Operators; Drone Operators; Flight Data Monitoring (FDM) Service Providers; Investigating Agencies
Covering: Honeywell International Inc.; Safran SA; L3 Harris Technology Inc.; Leonardo S.p.A; Teledyne Technologies Incorporated

Product Code: r17361

1. Executive Summary

2. Flight Data Monitoring Market Characteristics

3. Flight Data Monitoring Market Trends And Strategies

4. Flight Data Monitoring Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Flight Data Monitoring Market Size and Growth

5.1. Global Flight Data Monitoring Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Flight Data Monitoring Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Flight Data Monitoring Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Flight Data Monitoring Market Segmentation

6.1. Global Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Flight Data Monitoring (FDM) Service
Flight Data Monitoring (FDM) Software
Flight Data Monitoring (FDM) System
6.2. Global Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Onboard
On-Ground
6.3. Global Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fleet Operators
Drone Operators
Flight Data Monitoring (FDM) Service Providers
Investigating Agencies

7. Flight Data Monitoring Market Regional And Country Analysis

7.1. Global Flight Data Monitoring Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Flight Data Monitoring Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Flight Data Monitoring Market

8.1. Asia-Pacific Flight Data Monitoring Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Flight Data Monitoring Market

9.1. China Flight Data Monitoring Market Overview
9.2. China Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Flight Data Monitoring Market

10.1. India Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Flight Data Monitoring Market

11.1. Japan Flight Data Monitoring Market Overview
11.2. Japan Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Flight Data Monitoring Market

12.1. Australia Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Flight Data Monitoring Market

13.1. Indonesia Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Flight Data Monitoring Market

14.1. South Korea Flight Data Monitoring Market Overview
14.2. South Korea Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Flight Data Monitoring Market

15.1. Western Europe Flight Data Monitoring Market Overview
15.2. Western Europe Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Flight Data Monitoring Market

16.1. UK Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Flight Data Monitoring Market

17.1. Germany Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Flight Data Monitoring Market

18.1. France Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Flight Data Monitoring Market

19.1. Italy Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Flight Data Monitoring Market

20.1. Spain Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Flight Data Monitoring Market

21.1. Eastern Europe Flight Data Monitoring Market Overview
21.2. Eastern Europe Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Flight Data Monitoring Market

22.1. Russia Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Flight Data Monitoring Market

23.1. North America Flight Data Monitoring Market Overview
23.2. North America Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Flight Data Monitoring Market

24.1. USA Flight Data Monitoring Market Overview
24.2. USA Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Flight Data Monitoring Market

25.1. Canada Flight Data Monitoring Market Overview
25.2. Canada Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Flight Data Monitoring Market

26.1. South America Flight Data Monitoring Market Overview
26.2. South America Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Flight Data Monitoring Market

27.1. Brazil Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Flight Data Monitoring Market

28.1. Middle East Flight Data Monitoring Market Overview
28.2. Middle East Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Flight Data Monitoring Market

29.1. Africa Flight Data Monitoring Market Overview
29.2. Africa Flight Data Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Flight Data Monitoring Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Flight Data Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Flight Data Monitoring Market Competitive Landscape And Company Profiles

30.1. Flight Data Monitoring Market Competitive Landscape
30.2. Flight Data Monitoring Market Company Profiles
- 30.2.1. Flight Data People
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Helinalysis Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Hi-Fly Marketing
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Aerosight Technologies Private Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Ergoss Logiciels Sarl
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Flight Data Monitoring Market Other Major And Innovative Companies

31.1. Truth Data Insights (Holdings) Limited
31.2. SAGEM SA
31.3. Scaled Analytics Inc.
31.4. Flight Data Services Ltd.
31.5. Aerobytes Ltd.
31.6. Honeywell International Inc.
31.7. Safran SA
31.8. L3 Harris Technology Inc.
31.9. Leonardo S.p.A.
31.10. Teledyne Technologies Incorporated
31.11. Curtiss-Wright Corporation
31.12. FlightSafety International Inc.
31.13. NeST Aerospace Pvt. Ltd.
31.14. NSE Groupe
31.15. SkyTrac Systems Ltd.

32. Global Flight Data Monitoring Market Competitive Benchmarking

33. Global Flight Data Monitoring Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Flight Data Monitoring Market

35. Flight Data Monitoring Market Future Outlook and Potential Analysis

35.1 Flight Data Monitoring Market In 2028 - Countries Offering Most New Opportunities
35.2 Flight Data Monitoring Market In 2028 - Segments Offering Most New Opportunities
35.3 Flight Data Monitoring Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

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