Aerospace and defence condition monitoring system market
19/10/2022
Stratview Research, a leading market research firm, has added a new report, titled: ‘Aerospace and defence condition monitoring system market’ to its library, which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast and competitive landscape.
The report has been compiled using a variety of analytical methodologies and contains analysed data on the key players, market scope and much more. The researchers at Stratview Research have studied the historic and present situation of the top players in the aerospace and defence condition monitoring system market. The report includes highly reliable and vital data that can be beneficial for key decision-makers and strategists.
This report focuses on key aspects, including leading companies, insights into the market trends, the impact of COVID-19, etc. The report encompasses several factors that have contributed to the growth of the market in recent years.
Key features of the report include:
- Market size and revenue;
- Production rate;
- COVID-19 and its impact on the market;
- Import/export data;
- Supply/demand analysis; and
- Market share information, compound annual growth rate (CAGR), etc.
According to the report, the global aerospace and defence condition monitoring system market is segmented in the following ways, which fulfil the market data needs of multiple stakeholders across the industry value chain:
- Aircraft type – commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, unmanned aerial vehicle (UAV) and spacecraft;
- Monitoring technique type – vibration analysis, thermography, oil analysis and others;
- Product type – router-based system, portable system and sensor-based system;
- Deployment type – cloud and on-premises; and
- Region-wise – North America, Europe, Asia-Pacific and the rest of the world.
Among the aircraft types, commercial aircraft is expected to remain the most dominant, as well as the fastest-growing, aircraft type in the market during the forecast period.
Based on the monitoring technique type, vibration analysis is likely to maintain its dominance in the market during the forecast period. Vibration analysis performs a critical role in measuring the vibration characteristics of spinning critical components during the flight.
Sensor-based condition monitoring devices are dominant in the market as they aid in the provision of real-time data to aircraft operators, resulting in a higher adoption rate compared to the other products.
North America is expected to remain the largest market for aerospace and defence condition monitoring systems during the forecast period in the wake of its supremacy in the production of commercial and military aircraft.
