Friday, November 8, 2024 As the aviation sector faces heightened regulatory demands and an increasing focus on operational safety, Flight Data Monitoring (FDM) is emerging as a critical solution to enhance flight safety and optimize fleet performance. Verified Market Reports® has meticulously analyzed this market to bring actionable intelligence for aviation leaders, aircraft operators, and safety regulators who aim to stay ahead of industry trends. The Global Flight Data Monitoring Market is projected to grow at a CAGR of 11.
8% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 9.2 billion in 2023 and is expected to reach USD 16.
6 billion by the end of the forecast period. The Flight Data Monitoring (FDM) market is influenced by several key drivers and restraints that shape its growth trajectory. Drivers: Restraints: The Flight Data Monitoring (FDM) market demonstrates strong geographic dominance, with North America and Europe leading the charge due to stringent safety regulations and advanced aviation infrastructures.
In North America, the U.S. is at the forefront, driven by FAA regulations and technological advancements.
Europe follows closely, supported by the EU’s regulatory frameworks and the presence of major airlines and manufacturers. The Asia-Pacific region, with rapid aviation growth in countries like China and India, is seeing increased adoption of FDM systems, fueled by expa.