Aircraft Engine Health Monitoring (EHM) Market Size (2024 – 2030)

The Global Aircraft Engine Health Monitoring (EHM) Market was valued at USD 20583.40 million in 2023 and is projected to reach a market size of USD 48424.62 million by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 13%.

Aircraft Engine Health Monitoring (EHM), which keeps an eye on an engine's vital signs such as pressure, temperature, and vibrations while in flight, functions as a plane's doctor. This guarantees passenger safety by preventing in-flight crises and enabling the early discovery of possible problems. By optimising engine performance and lowering maintenance requirements, EHM's keen eye also helps airlines save money, eventually fostering a more profitable and efficient aviation sector.

Key Market Insights:

The value proposition is being recognised by airlines more and more. EHM contributes to the reduction of unscheduled maintenance, which raises operational effectiveness and, ultimately, safety. This is especially important when aircraft get more complicated and operate in harsh conditions.

More data than ever is being collected and analysed by EHM systems. In contrast to earlier models, modern systems are capable of measuring hundreds of parameters. This facilitates speedier decision-making, and more accurate diagnosis, and opens the door for further developments in predictive maintenance.

With a 33% market share, North America presently leads the world, but the future appears global. The need for EHM solutions will rise as the aviation sector grows internationally, presenting opportunities for businesses everywhere.

The lack of industry-wide standardisation on data formats and communication protocols is a major issue for the EHM sector. This may lead to incompatibilities between various aircraft types and EHM systems. Ongoing endeavours by industry participants and regulatory agencies are aimed at creating uniform guidelines to facilitate more seamless integration and interchange of data.

Global Aircraft Engine Health Monitoring (EHM) Market Drivers:

The Revolution of Aircraft Engine Health Monitoring (EHM) in Modern Aviation

The profitability of airlines depends on striking a careful balance between efficiency and safety. EHM, or aircraft engine health monitoring, is a potent instrument for doing both. Engine health is continually monitored by EHM, which serves as an early warning system for possible issues. This makes preventative maintenance possible, averting disastrous in-flight malfunctions that can put crew and passengers in peril. EHM also reduces the need for unforeseen maintenance delays, guaranteeing that aircraft depart on time. Passengers will have a more seamless travel experience as a result, and airlines will be able to allocate resources more efficiently to maximise operational efficiency. In the end, EHM promotes a win-win scenario for travellers and airlines alike, helping to advance an efficient and safe culture within the aviation sector.

The Engine Health Monitoring (EHM) Market Takes Off Thanks to a Booming Global Aircraft Fleet

The worldwide fleet of commercial aircraft is expected to begin expanding steadily as air travel becomes more popular than ever. The emergence of new air travel routes in developing countries and the growing tide of passenger demand driven by a need for connections are the two main drivers of this surge. To effectively and safely manage this growing airspace, airlines will need to outfit their crews with strong equipment, one of which is Engine Health Monitoring (EHM). As the fleet grows, so does the duty to maintain the condition of every aircraft. As a guardian angel, EHM keeps an eye on engine performance all the time to spot issues before they happen. Considering the expanding fleet, this proactive strategy is crucial to preserving a secure and dependable air transportation network.

Global Aircraft Engine Health Monitoring (EHM) Market Restraints and Challenges:

There is some instability in the global aircraft engine health monitoring (EHM) industry. Even with its promise, there are a few obstacles. Smaller airlines may find it difficult to afford the high upfront expenditures of data infrastructure, software, and hardware. Another big worry is protecting the vast quantity of private engine performance data that EHM gathers from online attacks. Incompatibilities between various systems are caused by the industry's lack of standardised data formats and communication protocols, which impedes easy data sharing. Airlines with various fleets may face additional challenges due to the intricate and time-consuming nature of integrating EHM with current aircraft systems. Finally, gaining this knowledge adds another level of difficulty for airlines navigating the EHM landscape, since efficiently using the data needs a competent crew of analysts.

Global Aircraft Engine Health Monitoring (EHM) Market Opportunities:

The EHM market has a bright future full of prospects. The full value of EHM data will be revealed via advanced data analytics and AI, enabling predictive maintenance and enhancing engine performance. EHM will create a comprehensive health picture by seamlessly integrating with next-generation aircraft systems. The aftermarket services industry will expand because of this spike in EHM use, with new income streams being created via data analysis, remote diagnostics, and subscription models. The growing aviation industry in emerging nations presents opportunities for EHM suppliers to grow. Finally, because optimised engine performance results in lower fuel consumption and a greener future for aviation, EHM is a natural fit with the increased focus on sustainability in the aviation industry.

AIRCRAFT ENGINE HEALTH MONITORING (EHM) MARKET REPORT COVERAGE:

Global Aircraft Engine Health Monitoring (EHM) Market Segmentation: By System Type

• Onboard Systems

• Offboard Systems

Because they can continually monitor engine conditions while in flight, Onboard Systems dominate the global market for aircraft engine health monitoring or EHM. With the use of this real-time data, airlines can discover issues earlier, respond more quickly, and do preventative maintenance, all of which increase operational efficiency. Offboard systems are the most popular and fastest-growing category, but they lack real-time capability, even if they provide useful post-flight data.

Global Aircraft Engine Health Monitoring (EHM) Market Segmentation: By Solution Type

• Hardware

• Software

• Services

Software is expected to increase at the quickest rate in the EHM industry. AI and machine learning are continuously advancing EHM software, providing capabilities like real-time optimisation and predictive maintenance. This places software as the EHM market category with the most exponential development potential, along with the growing complexity of engine data and its function in turning it into usable insights.

Global Aircraft Engine Health Monitoring (EHM) Market Segmentation: By End User

• Airlines

• Maintenance, Repair, and Overhaul (MRO) Providers

• Original Equipment Manufacturers (OEMs)

The largest portion of the EHM industry is dominated by airlines, which immediately profit from cost savings and increased efficiency. MRO suppliers, however, are expected to increase at the quickest rate. As the worldwide aircraft fleet takes off, EHM makes it a segment to watch with its simplified maintenance methods and possibilities for new income streams through subscription models and remote diagnostics.

Global Aircraft Engine Health Monitoring (EHM) Market Segmentation: By Aircraft Type

• Commercial Aircraft

• Military Aircraft

• Business Jets

Because of its sheer scale, the commercial aircraft segment dominates the EHM market. Because this type of aircraft makes up the great majority of aircraft worldwide, airlines place a high priority on efficiency by utilising EHM's fuel optimisation and lower maintenance costs. Commercial aviation's strict safety laws further cemented this segment's hegemony since EHM is essential to averting catastrophes.

Global Aircraft Engine Health Monitoring (EHM) Market Segmentation: By Region

• North America 

• Asia-Pacific 

• Europe 

• South America 

• Middle East and Africa

The market for EHM which is expected to expand the fastest is predicted to be in the Asia-Pacific area. The increasing air transport sector in the area is driving this growth, as more carriers and new aircraft require EHM solutions. Asia-Pacific is leading this quickly expanding industry because of government backing for innovative aviation technology and the upgrading of aviation infrastructure, which further accelerates the implementation of EHM.

COVID-19 Impact Analysis on the Global Aircraft Engine Health Monitoring (EHM) Market:

The aviation sector was rocked by the COVID-19 epidemic, and the EHM market was not immune. The sharp decline in air traffic caused airlines to ground many aircraft, which sharply decreased the need for EHM systems and halted market expansion. Airlines were constrained by budgetary restraints to postpone or abandon investments in new technology, which further hampered the industry. Production and distribution of EHM components were also hindered by interruptions in the global supply chain. Nonetheless, a bright spot appeared. The pandemic increased attention to aircraft safety precautions, which might eventually result in a long-term increase in the use of EHM as airlines give preventative maintenance priority. Future sales might benefit from EHM's potential for remote engine monitoring during aircraft grounding. Even if the pandemic provided a brief delay, the aviation industry's unshakable dedication to efficiency and safety is driving a favourable long-term prognosis for the EHM market.

Recent Trends and Developments in the Global Aircraft Engine Health Monitoring (EHM) Market:

The market for aircraft engine health monitoring (EHM) is expanding rapidly due to advances in technology. Real-time engine optimisation and predictive maintenance are made possible by AI and machine learning, which is revolutionising EHM. Additionally, EHM systems are strengthening their alliances with other onboard technologies to paint a more complete picture of the health of the aircraft. As EHM gathers ever-increasing volumes of sensitive data, cybersecurity continues to be of utmost importance, driving manufacturers to create strong security protocols. Because of their affordability, scalability, and accessibility, cloud-based solutions are becoming more and more popular among airlines. Another innovation that makes this technology more appealing to airlines on a tight budget is subscription-based EHM models. The trends highlight the increasing complexity of EHM and its capacity to completely transform the way airlines maintain their aircraft, guaranteeing safer and more effective air travel in the future.

Key Players:

• 1. Collins Aerospace (USA)

  2. Curtiss-Wright Corporation (USA)

  3. FLYHT Aerospace Solutions Ltd. (Canada)

  4. GE Aviation (USA)

  5. Honeywell International Inc. (USA)

  6. Meggitt PLC (UK)

  7. Raytheon Technologies Corporation (USA)

  8. Rolls-Royce (UK)

  9. RSL Electronics Ltd. (Israel)

  10. Safran (France)

  11. Teledyne Technologies Inc. (USA)