Flight Data Monitoring (FDM) is a program that monitors the activity of an aircPosted by Manik on February 18th, 2020 The Global Flight Data Monitoring Market is estimated to reach USD 5.7 Billion by 2025 at a CAGR of 7.8 %, says forencis research (FSR). Flight Data Monitoring (FDM) is a program that monitors the activity of an aircraft during flight and analyzes recorded flight data to boost aviation safety from routine operations. It is also known as Flight Operations Quality Assurance (FOQA). This service keeps a track of periodical safety reports, engine-related events, flight acceptance, detailed flight review, monitor’s pilot performance, invent safety trends and others. The data that is found from the FDA helps to cut down maintenance costs and enhance operational efficiency of the aviation operations. Flight Data Monitoring Market: Drivers & Restraints Market Drivers: Stringent ICAO Standards for Safety improvement Safety enhancement of aviation sector is of prime concern. Flight data monitoring (FDA) is used throughout the world which helps to identify risk, prevent incidents and take appropriate actions. Chicago Convention in 2008 Annex 6 was established by the International Civil Aviation Organization (ICAO) to implement safety management systems through operators of aircraft. This convention provides rules of airspace, safety, aircraft registration, and others. Hence, ICAO standards for safety improvement are expected to drive this market growth during the forecast period. Reduction in Maintenance Cost Flight data monitoring reports help to reduce unscheduled maintenance which results in a reduction of overall time spent on maintenance activities. In the aviation industry, FDM helps the technician to focus on the main activity in carrying out flight safety checks and maintenance. This further results in low time spent through lesser maintenance activities on a particular aircraft. This enhances flight operational hours by reducing maintenance intervals which helps in reducing the overall cost incurred. Thus, a reduction in maintenance cost is expected to drive the flight data monitoring market during the forecast period. Market Restraints: Lack of Skilled Work Force Flight data monitoring is a new concept and to achieve the result companies strive to implement their supportive strategies. There exist issues regarding the lack of skilled people which impacts the market growth. Due to lack of expertise, few companies are focusing towards contract out the basic analysis which acts as a restraint to the global market growth. Flight Data Monitoring Market: Key Segments
Key Companies Covered
Flight Data Monitoring Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research Flight Data Monitoring Market, by Solution System
Service
Software
Flight Data Monitoring Market, by Source
Flight Data Monitoring Market, by End-Use Industry
Flow Meters Market, by Region Asia-Pacific
North America
Europe
Middle East and Africa
South America
About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email: info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com Like it? Share it! More by this author |