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The factors that drive the flight management systems (FMS) market include demand for next generation flight management systems and advanced required navigation performance, development of glass cockpits resulting in better operational efficiency, significant growth in airline industry worldwide as well as augmented fleet orders globally.Complete report on global the flight management systems market spread across 191 pages, profiling 10 companies and supported with 69 tables and 72 figures is now available http://www.rnrmarketresearch.com/flight-management-system-market-by-cockpit-architecture-vla-wb-nb-and-rta-hardware-fmc-cdu-and-vdu-maintenance-line-fit-and-retrofit-by-geography-north-america-asia-pacific-the-middl-market-report.html .
The need for developing glass cockpits resulting in better operational efficiency as well as rise in the aircraft orders are the key factors fueling the growth of the said market. The retrofit segment is projected grow at a higher CAGR during the forecast period of 2016 to 2021, primarily driven by the demand for technologically advanced flight management systems such as next generation flight management system (NG-FMS) as well as advanced required navigation performance (RNP).
The visual display unit segment is expected to hold the highest share of the flight management systems market during the forecast period of 2016 to 2021. This is mainly attributed to the increased demand of lightweight and technologically advanced display computers as it is the primary display unit of the flight management system. Apart from this, the rise in the aircraft orders worldwide is also a key factor fueling the growth of the said market.
The APAC region is expected to register the highest CAGR in the flight management systems market during the forecast period of 2016 to 2021. This high growth can be attributed to the rise in low-cost carriers and increase in aircraft orders. The need of technologically advanced flight management systems is also a key factor fueling the growth of the said market in the Asia-Pacific region.
Break-up of profile of primary participants for the report has been given below.
By Company Type: Tier 1 – 45%, Tier 2 – 35% and Tier3 – 20%
By Designation: C Level – 50%, D level – 35% and others – 15%
By Region: North America –44%, Europe – 35% and APAC – 15%, RoW – 6%
The major companies profiled in the report include are Honeywell International Inc.(U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-FinmeccanicaS.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). Request a discount on Flight Management Systems Market by Hardware (Control Display Unit, Visual Display Unit, Flight Management Computer), Aircraft Type (NBA, WBA, VLA, RTA), Fit (Line Fit, Retrofit) and Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=218976 .
Flight management systems have evolved over the course of time in terms of technology. The next generation flight management system (NG-FMS), performance-based navigation, wide area augmentation system, adaptive 4D trajectory concept, and electronic flight instrument system are some of the new emerging technologies which are fueling the growth of this market.
On a related note, another research on Electronic Flight Bag (EFB) Market Global Forecasts to 2020 says, the electronic flight bag (EFB) market is projected to reach USD 5.06 billion by the end of 2020 at a CAGR of 13.09% during the forecast period from 2015 to 2020. Software component segment is to witness the highest growth while the portable class 2 EFB type provides significant opportunities for growth. Major companies like Airbus Group SE, Rockwell Collins Inc., UTC Aerospace Systems, L-3 Communications Holdings Inc. and Teledyne Controls have been profiled in this 166 pages research report at http://www.rnrmarketresearch.com/electronic-flight-bag-efb-market-by-type-portable-class-1-class-2-installed-component-hardware-class-1-class-2-class-3-software-type-a-type-b-type-c-geography-global-forecasts-to-2020-market-report.html .
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