[Avionics Today 08-04-2016] The global Aircraft Health Monitoring Systems (AHMS) market is projected to reach $4.71 billion by 2021, according to a new report by MarketsandMarkets, growing at a Compound Annual Growth Rate (CAGR) of 6.53 percent from 2016 to 2021.
Increased need for short mission cycle time, reduced unscheduled maintenance, and increasing asset utilization along with cost effective maintenance and increasing volume of data generated to analyze aircraft health and performance are expected to drive the aircraft health monitoring systems market.