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Insights on the Flight Data Monitoring Systems Global Market to 2027 - by Component, Solution Type, End-user and Geography

Insights on the Flight Data Monitoring Systems Global Market to 2027 - by Component, Solution Type, End-user and Geography
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Insights on the Flight Data Monitoring Systems Global Market to 2027 - by Component, Solution Type, End-user and Geography

Insights on the Flight Data Monitoring Systems Global Market to 2027 - by Component, Solution Type, End-user and Geography
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

North America Flight Data Monitoring Systems Market Report 2020-2027: Significant Increase in Offering of Flight Data Monitoring Services Gaining Momentum

Share this article Share this article ResearchAndMarkets.com s offering. The flight data monitoring systems market in North America is expected to grow from US$ 1,311.56 million in 2020 to US$ 2,012.23 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027. The North America aviation sector is experiencing significant growth in air traffic volume in terms of passenger count and aircraft fleet. This is mainly due to increase in business and leisure travel because of higher disposable income. In addition to passenger air travel, the cargo air fleet volume is consistently rising in developed countries. The constantly growing aircraft fleet volume year-on-year has been leading the aircraft operators to invest in in-flight data monitoring systems. The fleet operators are increasingly accelerating the procurement of flight data monitoring systems and software. FDM systems collect the occurrence data of the flight for fleet operators that helps identify and asses

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