Transparency Market Research (TMR) observes that the competition in the global flight data monitoring and analysis market is extremely high due to the strong presence of several well-established players in the market. Entry of smaller players in the international market has made the scenario tough for the existing players. To remain relevant, leading companies are focusing on mergers and acquisitions to expand their product portfolio in the coming years. The top three players in the global market are Safran Electronics & Defense, Curtiss-Wright Corporation, and Teledyne Controls LLC. The collective share of these companies is estimated to reach 92% by the end of 2017.

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North America to Lead the Global Flight Data Monitoring and Analysis Market

According to the research report, the global flight data monitoring and analysis market is expected to be worth US$ 1,623.16 mn by the end of 2025 from US$677.6 mn in 2016. During the forecast years of 2017 and 2025, the global market for flight data monitoring and analysis market is estimated to progress at a CAGR of 10.4%. The fixed-wing segment is estimated to lead the global market as it is slated to acquire a share of 90.7% in the overall market. Higher safety offered by fixed-winged aircraft is expected to propel the segment. From a geographic point of view, the North America flight data monitoring and analysis market is expected to be the largest one. This regional market is slated to register a CAGR of 8.8% during the forecast period.

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Higher Profit Margins Ensure Swift Uptake of FDMA Programs

Adoption of flight data monitoring and analysis programs has resulted has led to a drastic reduction in accidents, allowed fuel economy, increased availability of aircraft, eliminated the need for unnecessary repairs and maintenance, and thereby ensured a higher profit margins for the aviation industry. In light of these reasons, the FDMA market is likely to find lucrative opportunities across the globe. According to the International Aviation Civil Organization (ICAO), it is now mandatory to have FDMA for aircraft that are above a specified maximum certificated take-off mass.

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