Flight Management System Market Size, Share, Opportunities, And Trends By Aircraft Size (Small, Medium, Large, Extra Large), By Components (Hardware, Software), And Geography - Forecasts From 2019 To 2024
- Published : Apr 2021
- Report Code : KSI061610564
- Pages : 116
The global flight management system market is estimated to witness a CAGR of 4.98% to reach US$5,092.296 million from US$3,803.571 million in 2018. The flight management system is an interface between the flight crew and flight desk system, so it is one of the main components in avionics systems as it performs different in-flight operations automatically. The rising demand for modern aircraft owing to the growing air travel is significantly driving the market for flight management systems market; this is also the main reason for the growing need for advanced navigation and surveillance technologies in airlines which will further augment the demand for flight management systems worldwide.
The next advanced flight management technology will reduce the workload of the pilot, and improve the security and fuel efficiency of the plane. Furthermore, the increasing number of airlines across the globe with an increase in the demand for the airplane and Technological advancements are also going to result in the growth of the Flight Management System market as per the forecasted period. However, the vulnerability of flight management systems to cyber-attacks and the costly maintenance is restraining the growth of the flight management system market.
Increasing demand for the next generation aircraft.
Growing airline industry
Maintenance and implementation cost is high.
Vulnerability to cyber attack
In May 2017, General Electric delivers the Flight management system as it readies the Boeing 737, Max.
In May 2018, Universal Avionics said that there was a rise in LPVs Spurs 40% growth in FMS Upgrade.
The major players in this market are General Electric Company, Rockwell Collins, Honeywell International Inc., Universal Avionics System Corporation, and Thales Group.
The flight management system market has been analyzed through the following segments:
By Aircraft Size
Middle East and Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. FLIGHT MANAGEMENT SYSTEM MARKET BY AIRCRAFT SIZE
5.4. Extra Large
6. FLIGHT MANAGEMENT SYSTEM MARKET BY COMPONENT
7. FLIGHT MANAGEMENT SYSTEM MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. General Electric Company
9.2. Rockwell Collins
9.3. Honeywell Interntional Inc.
9.4. Universal Avionics System Corporation
9.5. Thales Group
LIST OF FIGURES
LIST OF TABLES
General Electric Company
Honeywell International Inc.
Universal Avionics System Corporation
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