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Flight management systems (FMS) market

Flight management systems (FMS) market Report 2018 is an inclusive analysis of Industry Demand, Trends, Size, Opportunities, and forecasts the market size and growth to 2023.
Flight management systems (FMS) market: The key factor boosting the market is the growing
need for next generation flight management
Market Overview:
The flight management systems are a major component of the avionics systems of a modern
aircraft. It is a special computerized system that automatically performs various in-flight
operations that includes, reducing the aircraft crew workload for navigators or flight engineers.
Flight management system’s primary function includes in-flight management and flight
planning, through the use of various sensors such as global positioning systems (GPS), and
inertial navigation systems (INS) among others. The flight management systems market is fast
growing market with an average CAGR of 7.3% throughout the forecast period. As of 2018, the
flight management systems market industry was valued at 2.45 billion USD and is expected to
reach USD 3.48 billion by 2023.
Market drivers and restraints:
The key factor boosting the market for flight management systems is the rising need for next
generation flight management. The increasing demand for advanced technologies for in-flight
planning and navigation, next generation flight management systems have been developed and
introduces in some of the modern aircrafts. Increasing number of airlines across the globe is
escalating the demand for modern aircrafts is also propelling the market for flight management
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Report segmented as:
By hardware:
visual display unit (VDU)
control display unit (CDU)
By component:
flight management computer
automatic flight guidance systems
aircraft navigation systems
electronic flight instrumentation systems
By type:
narrow body aircrafts
wide body aircrafts
very large aircrafts
turboprop aircrafts
Geographical analysis:
On the basis of geography, the market for flight management systems is categorized as North
America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America has the
biggest market share of flight management systems market as of 2018 and is estimated to
remain on the top spot throughout the forecast period.
Important market players:
Some of the major players of the market are 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.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation
of the market. It helps us understand the market better through size anticipation and CAGR
calculation to estimate the next market. It has a broader segmentation for better
understanding of the enterprising of the market at a low level by segregating the market into
smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence
and consulting. We have rich experience in research and consulting for various business
domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: [email protected]
Tel: +1-888-702-9626
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