In this regard, UTC Aerospace Systems introduced Pulse Health Monitoring System (HMS) in August 2016 to effectively monitor the aircraft health status and performance issues using diagnostic and prognostic analytics software modules. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. Key aircraft health monitoring systems market players are involved in the introduction of new features and capabilities to enhance their existing product portfolio. However, challenges associated with certification clearances and scarcity of trained professionals limit the market growth. The aircraft health monitoring systems market is impacted by the need to reduce costs towards maintenance operations, increase in airplane data availability, rise in need to reduce flight delays & air turnbacks, and growth in awareness about AHM. In addition, recent innovations and growth in adoption of advanced systems have further fueled this growth.Īdoption of aircraft health monitoring (AHM) systems among commercial and defense sectors has increased owing to the integration of airplane data to determine the current and future serviceability or performance. Increased application areas for aircraft health monitoring systems, increase in need for airplane data integration towards real-time monitoring, enhanced focus towards reduction of overhead costs, and surge in demand for application-specific solutions drive the aircraft health monitoring system market growth. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Aircraft Health Monitoring System Market report data has been gathered from industry specialists/experts. The Objective of the "Global Aircraft Health Monitoring System Market" report is to depict the trends and upcoming for the Aircraft Health Monitoring System industry over the forecast years.
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