Thursday 14 June 2018, Amsterdam
The report recognizes the following companies as the key players in the global aircraft engine condition monitoring system market: AMETEK, CAMP Systems, Meggitt, MTU AERO ENGINES, Safran Electronics & Defense, and UNITED TECHNOLOGIES.
Commenting on the report, an analyst said: “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, one driver influencing this market is the efforts to optimize engine repair and maintenance cost. It is vital to achieve success in any industry. It is especially critical in the airline business, considering its low profit margins and unstable economic performance.
Further, the report states that one challenge affecting this market is the barriers to adoption of technology and equipment. Innovations require substantial backing and support from prominent manufacturers and MRO service providers in the defense market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-aircraft-engine-condition-monitoring-system-market-analysis-share-2018
The report, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/industries/automotive-electronics
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