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Flight Management Systems Market Report
Flight Management Systems Market Size, Share, Trend, Forecast, & Competitive Analysis.
Flight Management Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Increase in global aircraft orders, demand for next-generation flight management systems and advanced required navigation performance, immense growth in airline industry worldwide, development of glass cockpits resulting in better functional efficiency, among a host of others are the major factors expected to drive the growth of the global flight management systems market during the forecast period.
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Flight Management Systems Market - Snapshot |
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|---|---|
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Growth |
7.2% for the next five years |
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Major Fit Type |
Linefit |
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Major Hardware Type |
Flight management computers |
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Dominant Aircraft Type |
Very large aircraft |
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Region with the highest demand |
North America and Europe |
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Key Players |
Esterline Technologies Corporation, Garmin Ltd., General Electric Company, Honeywell International Inc., Jeppesen Sanderson, Inc., Leonardo-Finmeccanica Spa, Lufthansa Systems GmbH & Co. Kg, Navtech, Inc., Rockwell Collins, and Thales Group. |
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Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment accounted for the largest market share in 2018, and is expected to maintain its dominance during the forecast period. The growth of this segment is owing to the rise in aircraft orders as well as deliveries across the globe.
Based on the hardware type, the market is segmented as visual display unit (VDU), control display unit (CDU), and flight management computers (FMC). The flight management computers segment is likely to witness the highest growth, driven by the increase in the demand for technologically advanced and lightweight flight management systems.
Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. The very large aircraft segment is estimated to depict the highest growth during the forecast period. The key factors bolstering the growth of this segment are the need for long distance travel, upsurge in demand for higher capacity aircraft, and the rise in global air travel.
In terms of regions, the North American and the European flight management system markets held the largest market share in 2018, and are expected to command the global market during the forecast period. Asia-Pacific is estimated to be the fastest-growing market, driven by the growth of the commercial low-cost carriers in the region. The need for technologically advanced flight management systems along with the increase in aircraft orders and deliveries are the prime drivers for the growth of the flight management systems market in this region. China and India are the growth engines of the region.
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Flight management systems are basically in-flight systems that are designed in order to reduce the tasks of the crew members. This is a great help for those flights where the crew is small.
Flight management systems are available in a wide range of aircraft options such as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. Visual display unit, control display unit, and flight management computers are some of the important parts of the flight management systems.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Flight Management Systems Market Report - Features |
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|---|---|
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The flight management systems market is segmented into the following categories.
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Some of the major players in the flight management systems market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
Flight management systems are basically in-flight systems that is designed in order to reduce the tasks of the crew members. This is a great help for those flights where the crew is small. Flight management systems are available in a wide range of aircraft options such as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. Visual display unit, control display unit, and flight management computers are some of the important parts of the flight management systems.
Flight Management Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Increase in global aircraft orders, demand for next-generation flight management systems and advanced required navigation performance, immense growth in airline industry worldwide, development of glass cockpits resulting in better functional efficiency, among a host of others are the major factors expected to drive the growth of the global flight management systems market during the forecast period.
In terms of regions, the North American and the European flight management system markets held the largest market share in 2018, and are expected to command the global market during the forecast period.
Some of the major players in the flight management systems market are Esterline Technologies Corporation, Garmin Ltd., General Electric Company, Honeywell International Inc., Jeppesen Sanderson, Inc., Leonardo-Finmeccanica Spa, Lufthansa Systems GmbH & Co. Kg, Navtech, Inc., Rockwell Collins, and Thales Group.
The linefit segment is expected to remain dominant in the flight management systems market in the coming years.
The flight management computers segment is expected to witness highest growth in the flight management systems market during the next five years.
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