The report on the Flight Management Systems Market published by Stratview Research covers in depth details associated with the Flight Management Systems Market.
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The Flight Management Systems Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Flight Management Systems Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Flight Management Systems Market:
Esterline Technologies Corporation
Garmin Ltd.
General Electric Company
Honeywell International Inc.
Jeppesen Sanderson, Inc.
Leonardo-Finmeccanica Spa
Lufthansa Systems GmbH & Co. Kg
Navtech, Inc.
Rockwell Collins
Thales Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Flight Management Systems Market value and growth drivers over the trend period of 2022-27. According to the report –
Flight Management Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Increase in global aircraft orders, demand for next-generation flight management systems and advanced required navigation performance, immense growth in airline industry worldwide, development of glass cockpits resulting in better functional efficiency, among a host of others are the major factors expected to drive the growth of the global flight management systems market during the forecast period.
Segment Analysis:
Based on Aircraft Type:
Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. The very large aircraft segment is estimated to depict the highest growth during the forecast period. The key factors bolstering the growth of this segment are the need for long distance travel, upsurge in demand for higher capacity aircraft, and the rise in global air travel.
Based on Region:
In terms of regions, the North American and the European flight management system markets held the largest market share in 2018, and are expected to command the global market during the forecast period. Asia-Pacific is estimated to be the fastest-growing market, driven by the growth of the commercial low-cost carriers in the region. The need for technologically advanced flight management systems along with the increase in aircraft orders and deliveries are the prime drivers for the growth of the flight management systems market in this region. China and India are the growth engines of the region.
Critical Questions Answered in the Report
- What are the key trends in the Flight Management Systems Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on Flight Management Systems Market?
- What are the key strategies adopted by the major vendors to lead in the Flight Management Systems Market?
- What is the market share of the top vendors?
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