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Allied Market Research

Flight Management System Market by Fit Type (Line–Fit and Retrofit), by Hardware (Visual Display Unit, Control Display Unit, and Flight Management Computers), by Aircraft-Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, and Rotary Wing Aircraft), and by End User (Commercial and Military): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09737
Pages: NA
Aug 2021 | 468 Views
 
Author(s) : NA
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COVID-19

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Flight Management System Market Outlook – 2027

Flight management systems form a significant component of a modern aircraft's avionics systems. This is a special computerized program that conducts various in-flight operations that involve automatically reducing the workload of the aircraft crew for navigators or flight engineers. The primary role of the flight management system involves in-flight control and flight planning, using various sensors such as global positioning systems (GPS) and inertial navigation systems (INS), among others. Besides, the demand for efficient fuel control and dropping prices of crude oil would generate tremendous opportunities for the global industry of flight management systems.

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Fit type, hardware, aircraft-type, and enduser

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

  • Honeywell International, Thales Group, General Electric Company, Leonardo-Finmeccanica S.p.A, Rockwell Collins, Esterline Technologies, Garmin, Universal Avionics Systems, Lufthansa Systems, Jeppesen Sanderson, and Navtech.

COVID-19 Scenario Analysis:

  • Tech firms are stepping up their emphasis on high-demand innovations and finding new ways to support their consumers, even as the COVID-19 crisis pose problems across sectors and leads to a decline in high technology investment.
  • Vendors of software like IBM, SAP, and Microsoft are preparing to use these emerging technologies to add value to their customers.
  • Supply-side shocks are indeed some of the most noticeable impacts on the defense sector from the consequences of the pandemic. The immediate victims of the pandemic are businesses that are based in countries badly affected by the virus or those reliant on supply chain operations based in the affected countries.
  • Major powers like the U.S. have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The major factor driving the flight management systems market is the growing need for flight management in the next decade. Advanced technologies for in-flight planning and navigation, flight management systems of the next generation were developed and introduced in some of the modern aircraft. Aims at improving fuel performance, reduced pilot operating load, and improving flight safety are designed for the next-generation flight management systems. Besides, increasing numbers of airlines around the globe is also boosting the flight management systems market. The flight management systems market's most prominent challenge is their vulnerability to cyber-attacks. The flight management systems require the use of open Wi-Fi for data storage and transmission for required actions to the nearest airport. Also, complexity in architecture, due to the presence of different sensors, various applications are usedin the flight management systems, which restricts the pilot and crews to use them freely.

The global flight management systems market trends are as follows:

New product launches to flourish the market

The GTN 650Xi and GTN 750Xi, the next generation in-flight technology, have been announced by Garmin International in 2020. It is a feature-rich multifunction display that is available for the all-in-one GPS/NAV/COMM and can be integrated with new or existing remote mount equipment such as transponders or audio panels. Also, the NGFMS by Honeywell software has been built with a completely redesigned architecture to utilize a modular design that allows specific aircraft adjustments in hardware, operating systems, input/output (IO), and other functions. With little modification to the core flight management system feature, the system can perform the same core feature on multiple platforms.

Increasing R&D investments and rising adoption of flight management systemsfor advanced surveillance and navigational technologies

Global flight management system market players have significantly increased investment in R&D development which generated room for innovative flight management systems. The global flight management systems market is expected to generate major opportunities in emerging economies, such as Indiadue to various government policies that attract investment. Also, the growing need for advanced surveillance and navigation technology is another important factor that will fuel the flight management system market. Within the commercial and defense aviation industry, surveillance and navigation have an important role to play, as this includes sophisticated surveillance and navigation management systems to guarantee safe flight.

Segments

Sub-segments

Fit type

  • Line-fit
  • Retrofit

Hardware

  • Visual Display Unit
  • Control Display Unit
  • Flight Management Computers

Aircraft type

  • Narrow-Body Aircraft,
  • Wide-Body Aircraft,
  • Very Large Aircraft,
  • Rotary Wing Aircraft

End-User

  • Commercial
  • Military

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Flight management system industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the flight management system Market research report:

  • What are the leading market players active in the global Flight management system market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

 

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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