[192 Pages Report] “Flight
Management Systems Market” categorizes global market by Hardware (Control
Display Unit, Visual Display Unit, and Flight Management Computer), Aircraft
Type (NBA, WBA, VLA, RTA), Fit (Line Fit, Retrofit) and Region.
The report "Flight
Management Systems Market by Hardware (Control Display Unit, Visual Display
Unit, Flight Management Computer), Aircraft Type (NBA, WBA, VLA, RTA), Fit
(Line Fit, Retrofit) and Region - Global Forecast to 2021", published by
MarketsandMarkets, the market is expected to reach USD 3.13 Billion by 2021, at
a CAGR of 6.23% during the forecast period.
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Tables and 89 Figures spread through 192 Pages and in-depth TOC on "Flight
Management Systems Market"
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The demand for next
generation flight management systems and advanced required navigation
performance, development of glass cockpits resulting in better operational
efficiency, and significant growth in airline industry worldwide are expected
to drive this market.
Line Fit is expected to
grow at the highest rate in the flight management systems market
The global Flight
Management Systems Market has been segmented and analyzed in terms of two
types, namely, line fit and retrofit, wherein, the line fit segment dominates
the overall market in terms of market size, and is expected to exhibit a
similar trend during the next five years owing to the rise in aircraft orders
and deliveries worldwide. It has also been noticed that in emerging countries
such as India and China, there has been an increase in passenger travel, giving
rise to low-cost carriers.
The
flight management computers segment is expected to exhibit the highest growth
during the forecast period
The global flight
management systems market, by hardware has been segmented into visual display
unit, control display unit, and flight management computers. The flight
management computers segment is estimated to register the highest CAGR owing to
the increase in demand of technologically advanced as well as lightweight
flight management computers. The market for flight management computer hardware
is largest in North America and Europe, owing to the rise in the demand for
next generation flight management systems and advanced required navigation
performance systems.
The
market in the APAC region is expected to grow at the highest rate during the
forecast period
The market in APAC is
expected to grow at the highest CAGR between 2016 and 2021 owing to the
increase in aircraft orders as well as deliveries in emerging economies such as
India and China. The rise in low-cost carriers as well as the need of technologically
advanced flight management systems is also an important factor which is the
fueling the growth of the market in this region.
Honeywell
International Inc. (U.S.) is one of the key players in the flight management
systems market. The other major players in this market include Thales Group
(France), General Electric Company (U.S.), Leonardo-Finmeccanica S.p.A (Italy),
Rockwell Collins (U.S.), Esterline Technologies (U.S.), Garmin Ltd.
(Switzerland), Universal Avionics Systems (U.S.), Lufthansa Systems (Germany),
Jeppesen Sanderson, Inc. (U.S.), and Navtech, Inc. (Canada).
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