Friday, February 16th, 2018 - WiseGuyReports
 
Global Flight Management System market accounted for $6.32 Billion in 2015 and it is expected to reach $10.6 Billion by 2022 growing at a CAGR of 7.5%. High demand for aircraft, emergence of the auto-ground collision avoidance system and development of glass cockpits are the factors driving the market. However, security concerns due to cyber-attacks and inflexible safety regulations may hinder the market growth. The introduction of new aircraft will facilitate airlines to reinforce their existing competitive strategies and may allow them to develop capabilities that enable new ways to grow in the market. Technological advancements for heavy data storage and high operational efficiency may create an opportunity to the flight management system market.
 
 
The visual display unit segment accounted for the largest share of the flight management systems market during the forecast period. This is mainly attributed to the demand of lightweight and technologically advanced displays. North America accounted for the largest share in market owing to the demand for advanced required navigation performance systems and next generation flight management systems. While, Asia Pacific is expected to grow at a highest CAGR due to its cost effectiveness and increase in aircraft orders as well as deliveries in emerging economies such as India and China.
Some of the key players in global flight management system market include Esterline Technologies Corporation, Garmin Ltd, Thales Group, General Electric, Universal Avionics Systems Corporation, Honeywell International Inc., Jeppesen Sanderson, Inc., Rockwell Collins, Leonardo-Finmeccanica S.p.A, Navtech, Inc., Lufthansa Systems, BAE System and Cobham Plc. 

Hardwares Covered: 
• Flight Management Computer (FMC)
• Control Display Unit (CDU)
• Visual Display Unit (VDU)
Maintenance Covered:
• Retro-Fit
• Line-Fit 
Cockpit Architecture Covered: 
• Wide-Body (WB) Aircraft
• Very Large Aircraft (VLA)
• Narrow Body (NB) Aircraft
• Regional Transport Aircraft (RTA)
 
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
 
 
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WiseGuyReports

Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

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Keywords

flight management system , flight management system industry, flight management system market trends, flight management system industry trends, flight management system market growth, flight management system market size, flight management system manufact

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