Flight Management Systems (FMS) Market forecast 2018-2021: Hardware, Control Display Unit, Visual Display Unit, Flight Management Computer, and Aircraft Type

The flight management systems market is projected to grow from USD 2.31 Billion in 2016 to USD 3.13 Billion by 2021, at a CAGR of 6.23% during the forecast period of 2016 to 2021. The market for market is driven by various factors, such as rise in aircraft orders globally, significant growth in airline industry worldwide, development of glass cockpits resulting in better operational efficiency, among others. This report covers the forecast of the flight management systems market and its dynamics over the next five years, while also recognizing market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.

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Scope of the Report

By Fit

·         Line Fit

·         Retrofit

By Aircraft Type

·         Narrow Body Aircraft

·         Wide Body Aircraft

·         Very Large Aircraft

·         Regional Transport Aircraft

By Hardware

·         Visual Display Unit (VDU)

·         Control Display Unit (CDU)

·         Flight Management Computers (FMC)

By Region

·         North America

·         Europe

·         Asia-Pacific

·         Middle East

·         Latin America

·         Africa

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The flight management systems market ecosystem comprises of software/hardware/ service and solution providers, manufacturers, distributors, and end users. Some of the key players of the market include Honeywell International Inc. (U.S.), 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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