Global aircraft engine condition monitoring system market 2018-2022
29/10/2018
The ‘Global Aircraft Engine Condition Monitoring System Market 2018-2022’ report has been added to researchandmarkets.com’s offering.The global aircraft engine condition monitoring system market is set to grow at a compound annual growth rate (CAGR) of 5.99% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis, with input from industry experts. The report also includes a discussion on the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the adoption of display units, sensors and engine control units in various aircraft.
One trend affecting this market is the use of conditional analytics for predictive maintenance. Conditional analytics is an independent tool that serves as a manufacturer-independent platform for condition monitoring and predictive maintenance.
According to the report, another driver that is influencing this market is the effort to optimise engine repair and maintenance costs: it is vital to achieve success in any industry, but it is especially critical in the airline business, considering its low profit margins and unstable economic performance.
Furthermore, the report states that the barriers to adoption of technology and equipment constitute a challenge affecting this market. Innovations require substantial backing and support from prominent manufacturers and maintenance, repair and overhaul (MRO) service providers in the defence market.
