The global aircraft health monitoring system market was valued at USD 4,202.4 million in 2019 and is projected to grow significantly, reaching USD 20,583.4 million by 2032, exhibiting a strong CAGR of 13.00% during the forecast period. Fortune Business Insights in its latest report, titled, **“**Aircraft Health Monitoring System Market Size, Share and Forecast, 2020-2032.”, mentions that the market stood at USD 4,202.4 million in 2019.

However, the market experienced a sharp decline of -44.8% in 2020 due to the widespread impact of the COVID-19 pandemic, which severely disrupted aviation operations across the globe. North America emerged as the leading region, holding a 32.57% market share in 2019, driven by the presence of major aircraft OEMs and strict safety regulations.

List of the Companies Profiled in the Global Market:

• Airbus S.A.S. (The Netherlands)
• Boeing (US)
• United Technologies Corporation (US)
• Honeywell International, Inc. (US)
• General Electric Company (US)
• Rolls Royce (UK)
• SAFRAN (France)
• FLYHT (Canada)
• Curtiss-Wright (US)
• Tech Mahindra (India)
• Meggitt (UK)
• Lufthansa Technik (Germany)
• Other Players

Information Source:

https://www.fortunebusinessinsights.com/aircraft-health-monitoring-system-market-105027