According to Fortune Business Insights, the global aircraft health monitoring system market was valued at USD 4,202.4 million in 2019 and is projected to witness substantial growth, reaching USD 20,583.4 million by 2032, at a robust CAGR of 13.00% during the forecast period (2020–2032). The report, titled “Aircraft Health Monitoring System Market Size, Share and Forecast, 2020–2032,” highlights that the market stood at USD 4,202.4 million in 2019.
However, the market faced a significant setback in 2020, registering a sharp decline of -44.8% due to the widespread disruptions caused by the COVID-19 pandemic, which severely impacted global aviation operations. Despite the downturn, North America remained the dominant regional market, accounting for a 32.57% share in 2019, primarily due to the presence of key aircraft OEMs and stringent aviation safety regulations.
List of the Companies Profiled in the Global Market:
Information Source:
https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027