Global Predictive Aircraft Maintenance Market Overview:
Predictive aircraft maintenance uses data-driven, proactive maintenance methods designed for analyzing the condition or problems of aircraft systems and components to help predict the time for maintenance to prevent any potential threats or problems with aircraft operations. Predictive maintenance is a benefit by leading to unexpected failures, flight delays, longer AOGs, etc. It improves the computational power, data storage capabilities, and overall amount of data and data parameters.
- Need for Preventing Any Failure Caused Due to the Issues in Aircraft
- Growing Demand for Automated Maintenance Technology in Aircraft for Extra Safety
- Major Hindrance to the Predictive Aircraft Maintenance Market Due to the Regulatory Factors Affecting the Aviation Industry
- The Predictive Aircraft Maintenance Market has huge Potential with AI-Enabled Future in Aviation MRO
- The potential of High Risk Involved with the Technological Errors Associated with Predictive Aircraft Maintenance Market
Some of the key players profiled in the report are Collins Aerospace (United States), Satair (Denmark), Honeywell (United States), Lufthansa Technik AG (Germany), GE Aviation (United States), Microsoft (United States), Airbus SE (France), HAECO Group (Hong Kong), KLM Engineering & Maintenance (France), Aerogility Simulations (United States), Revima (France) and Cyient (India). Considering Market by Components, the sub-segment i.e. Software will boost the Predictive Aircraft Maintenance market.
Latest Market Insights:
On 1st July 2021, GE Joins Airbus Digital Alliance to Expand Predictive Aircraft Maintenance Scope of Skywise. GE Digital has become the newest member of the Aviation Digital Alliance, a partnership first established in 2019 to combine the aircraft systems expertise of the maintenance division of Delta Air Lines with the flight data collection and cloud computing services of the Airbus Skywise platform.
On 10th February 2019, Revima, the leading independent APU & Landing Gear MRO, widens its service portfolio and acquired the predictive maintenance provider FlightWatching. Revima acquired Flight Watching, a Toulouse based start-up specialized in digital analytics, visualization and predictive maintenance software and solutions for Airlines, MROs and OEMs, with the objective to reinforce its fleet management service offering.
What Can be Explored with the Predictive Aircraft Maintenance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Predictive Aircraft Maintenance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Predictive Aircraft Maintenance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Predictive Aircraft Maintenance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Predictive Aircraft Maintenance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Predictive Aircraft Maintenance Service Providers, Predictive Aircraft Maintenance Technology Developers, Predictive Aircraft Maintenance Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Predictive Aircraft Maintenance Market?
The Predictive Aircraft Maintenance market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Predictive Aircraft Maintenance Market?
Top performing companies in the Global Predictive Aircraft Maintenance market are Collins Aerospace (United States), Satair (Denmark), Honeywell (United States), Lufthansa Technik AG (Germany), GE Aviation (United States), Microsoft (United States), Airbus SE (France), HAECO Group (Hong Kong), KLM Engineering & Maintenance (France), Aerogility Simulations (United States), Revima (France) and Cyient (India), to name a few.
3. What trending factors would impact Predictive Aircraft Maintenance Market growth most?
"Emerging Integration of Advanced Technology in the Predictive Aircraft Maintenance" is seen as one of major influencing trends for Predictive Aircraft Maintenance Market during projected period 2021-2027.