In 2022, the flight data monitoring and analysis (FDMA) market was estimated to be worth US$1,265.7 million. The market is anticipated to increase by 8.5% CAGR, from US$ 1,373.4 million in 2023 to US$ 2,991.2 million in 2033.
The FDMA industry will be driven in the coming years by the growth of commercial aircraft and the use of military aircraft to transport defence supplies. The performance of flight crews and air traffic control operations are both enhanced through flight data monitoring and analysis (FDMA).
The market for software and services that simplify the collection, storage, and analysis of flight data in order to improve aviation safety is known as the “flight data monitoring and analysis market.” While flight operations quality assurance (FOQA) requires human specialists manually inspecting and analyzing flight data, flight data monitoring (FDM) involves the automatic collecting and analysis of data from an aircraft’s flight data recorder.
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The global FDM and FOQA sector is driven by the need to improve aviation safety and reduce accidents. These technologies provide meaningful data on aircraft performance, pilot behavior, and operational patterns to identify potential safety issues and improve operating and training processes. They are also used by airlines to save maintenance costs and improve flight operations.
The FDM and FOQA market is extremely competitive, with numerous established and emerging organizations offering a wide range of software and services. Among the biggest rivals in this area are Flight Data Services, Scaled Analytics, Flight Data Systems, and Honeywell Aerospace. Major aircraft manufacturers such as Boeing and Airbus, which include FDM and FOQA systems in their products, are also involved in this market.
What is the Level of Competition for Flight Data Monitoring and Analysis in the Market?
Through strategic partnerships, manufacturers can increase production and meet consumer demand, increasing both their revenues and market share. The introduction of new products and technologies will allow end-users to reap the benefits of new technologies. Increasing the company’s production capacity is one of the potential benefits of a strategic partnership.
Key Players in the Flight Data Monitoring and Analysis Market
- Flight Data Services Ltd.
- Scaled Analytics Inc.
- Aerobytes Ltd
- Curtiss-Wright Corporation
- Teledyne Controls LLC.
- Hi-fly Marketing
- NeST Aerospace Pvt Ltd
- Guardian Mobility Corporation
- French Flight Safety
- Helinalysis
- FlightDataPeople
- Safran Electronics & Defense
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Key Segments Covered in the Flight Data Monitoring and Analysis Market Study
By Aircraft Type:
- Fixed Wing Flight Data Monitoring and Analysis
- Rotary Type Flight Data Monitoring and Analysis
By End Use Vertical:
- Civil Flight Data Monitoring and Analysis
- Military Flight Data Monitoring and Analysis
By Region:
- North America Flight Data Monitoring and Analysis
- Europe Flight Data Monitoring and Analysis
- Asia Pacific Flight Data Monitoring and Analysis
- Middle East and Africa Flight Data Monitoring and Analysis
- South America Flight Data Monitoring and Analysis
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