Flight Management Systems Market by Hardware (Control Display Unit, Visual Display Unit, Flight Management Computer) Global Forecast to 2021
The flight managementsystems market is expected to reach USD 3.13 Billion by 2021, at a CAGR of
6.23% during the forecast period. 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.
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83 market data Tables and 89 Figures spread through 192 Pages and in-depth TOC
on "Flight
Management Systems Market - Global Forecast to 2021"
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).
Objectives
of the Study:
•The report
analyzes the market on the basis of fit (line fit and retrofit), hardware
(visual display unit, control display unit, flight management computers),
aircraft type (narrow body aircraft, wide body aircraft, very large aircraft,
regional transport aircraft) and maps these segments and subsegments across
major regions worldwide, namely, North America, Europe, Asia-Pacific, the
Middle East, Latin America, and Africa
.
•The report
provides in-depth market intelligence regarding market dynamics and major
factors that influence the growth of the global flight management systems
market (drivers, restraints, opportunities, and industry-specific challenges),
along with analyzing micromarkets with respect to individual growth trends,
future prospects, and their contribution to the overall flight management
systems market.
•The report also
covers competitive developments such as long-term contracts, joint ventures,
mergers & acquisitions, new product launches and developments, and research
& development activities in the global flight management systems market, in
addition to the strategies adopted by key market players.
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The growth of this
segment is attributed to rise in aircraft orders as well as deliveries
worldwide. The studied market has been segmented based on hardware into visual
display unit, control display unit, and flight management computers. The flightmanagement computers segment is expected to register the highest growth rate
due to rise in the demand of technologically advanced, lightweight flight
management systems.
This research report categorizes the flight management
systems market based on aircraft type into narrow body aircraft, wide body
aircraft, very large body aircraft, and regional transport aircraft. The very
large aircraft segment is expected to grow at the highest rate during the
forecast period. The key factors fueling the growth of this segment include the
need of long distance travel, rise in demand of higher capacity aircraft, and
the rise in air travel worldwide.
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