Direct or indirect damages due to foreign object impacts on aeronautical structures, represent a major concern. The problem potentially intensifies with the adoption of composite materials, especially due to Barely Visible Impact Damage (BVID). In this context, understanding whether an impact event gives rise to delamination or debonding is highly desirable in view of the optimization of the maintenance strategies and, at the same time, of the safety margins associated to the operation of the structures. One possible method to achieve this goal is that of integrating damage monitoring systems within the vehicle architecture itself. By doing so, in fact, the enhanced structural health state awareness allows the implementation of Predictive Maintenance philosophies and the possibility to detect damage with size/severity and indentation smaller than the BVID currently applied by design and certification. In this work, a simple and a stiffened carbon fiber panel are subjected to Low Velocity Impacts using falling masses to generate a structural damage. A sensor network made of Piezoelectric elements (PZT) allows the application of Ultrasonic techniques, to monitor the damaged structure and calculate signal related features called Damage Indexes (DIs). The DI capability to identify the damage is then thoroughly investigated, with specific reference to: (i) effect of signal averaging, (ii) effect of reduced sensor network configurations and (iii) effect of sensor faults.