A flight data monitoring (FDM) solution helps an operator to identify, assess, quantify, and address operational behavior of aircrafts. FDM program are designed to enhance safety through the controlled, automated recording and analysis of flight data generated during routine line operations. FDM involves collection of real-time flight data for continuous safety improvement. This is generally achieved with storage hardware and data acquisition and post flight data analysis software.
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The FDM office manages all data and addresses all security and reporting issues. The aviation community is under constant pressure to achieve safety improvement. Thus, flight data monitoring helps to identify areas of operational risk and quantify current safety margins. Application of FDM covers improvement in flight crew performance, air traffic control procedures, air carrier training programs, aircraft operations, along with improving flight operations. FDM observes adherence to standard operating procedure (SOPs) restrictions.
Flight data monitoring solutions analyses flight data such as pitch attitude at take-off, safety circumstances and various other parameters. Demand for FDM solutions is increasing from the aviation industry due to growing need for situational awareness in order to avoid accidents. Flight data monitoring allows operators in reducing unplanned maintenance and enhances asset utilization. It enables cost effective maintenance which contributes significantly to the growth of flight data monitoring solutions. With the rising technological advancements and growing user base, there is sudden rise in volume of data generated for analysis in the aviation industry. Furthermore, the logistics industry is utilizing aircrafts for short time deliveries which is increasing the volume of aircraft deliveries and generating huge amount of data. Thus, all these factors are anticipated to drive the market growth during the forecast period.
However, quality assurance and accuracy of information received by flight data monitoring systems remains dubious in some cases which is challenging the market growth. Various certification clearances from governments and lack of technical expertise may hinder the market growth during the forecast period. Moreover, certain environmental parameters may restrict the monitoring solution from collecting the data required, which is anticipated to hamper market growth.
The flight data monitoring market can be segmented on the basis of solution, component, end-user, and geography. On the basis of component, the market can be segmented into system, software, and services. Software segment can be further segmented into data visualization software, flight data information reporting software, flight data analysis software, and flight data cloud software.
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The service segment has been further divided into flight operations quality assurance (FOQA), FDR readouts, inspection, maintenance monitoring, helicopter FDM condition monitoring, and FDM consulting. The market in terms of solution can be segmented into on-board and on-ground. In terms of end-user, the market can be segmented into aviation operators, drone operators, investigation agencies, and flight data monitoring (FDM) service providers. Geographical segmentation of the flight data monitoring market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.
Flight data monitoring involves cloud/satellite based architecture solutions for flight data recorder, and wireless sensor for determining in-flight torque data. Moreover, in-flight voice recognition are used to make cockpit voice recorder more efficient. Flight messengers are also implemented to monitor maintenance needs. Thus, technological advancements in Big Data management and IoT are contributing to cheaper prices which are further creating opportunities for FDM service providers.