Product ID: SQMIG45E2137
Report ID:
SQMIG45E2137 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
77
North America held the largest revenue share in the global predictive maintenance market in 2022, thanks to the region's abundance of well-established end-use industries and high company awareness of the benefits of adopting newer, more cutting-edge technologies that help businesses save money and become more efficient. In order to keep up with the maintenance requirements of its massive fleet of fighters, bombers, tankers, transports, and helicopters. Estimates for the Air Force alone reach 5,400 aircraft.
Throughout the forecast period, market revenue growth in Europe is anticipated to be consistent. Some of the key reasons fueling the revenue growth of the predictive maintenance market in Europe include increasing emphasis on reducing maintenance frequencies and downtime as well as rising awareness of the benefits of predictive maintenance. For instance, a number of European military defense organizations use predictive maintenance to guarantee high spare component availability, which is essential to fleet maintenance. This aided in the analysis of logistical challenges, financial risk, and economic conditions, streamlining the supply chain for more rapid and affordable aircraft repairs.
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Product ID: SQMIG45E2137