Press release
Flight Navigation System Market 2018 Global Key Leaders: Honeywell, Moog Inc., Northrop Grumman, Raytheon, Rockwell Collins, Boeing, Esterline Technologies, GE Aviation
Development in automation coupled with advancement in technology has led to the increase in adoption of upgraded flight navigation systems in aerospace industry. The flight navigation system accommodates aircraft’s vital operations such as autopilot, sensors, automatic direction finder, global navigation satellite systems (GNSS), flight management system and other equipments to reduce human interference and pilot’s workload. According to the report that has been published by Market Research Future (MRFR), the global flight navigation system market is anticipated to expand steadily at a CAGR of 7% during the forecast period of 2016-2021.
The increasing aircraft fleet is inducing demand for advanced and improved flight navigation system leading to the significant expansion of the global flight navigation system market. Increasing risk of plane crashes due to rise in air traffic is generating the need for upgraded and precise navigation systems with advanced features, which in turn is resulting I the growth of the global flight navigation system market.
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Industry Updates:
In July 2018, CTSi and L3 technologies have finished a successful flight-testing of a new integrated communication and navigation system for the Navy. This system can be used in GPS-denied environments.
In July 2018, BAE systems has announced that it will be installing 250 touchscreen displays on the navigation systems of U.S. Army’s UH-60A/L Black Hawk helicopters.
On 1st August 2018, Star Navigation Systems Group Ltd. has confirmed the granting of a Supplementary Type Certificate (STC) by the U.S. Federal Aviation Administration for its STAR-A.D.S tracking and monitoring navigation system.
Key Players
Some of the key players in the Global Flight Navigation System Market are Honeywell, Moog Inc., Northrop Grumman, Raytheon, Rockwell Collins, Boeing, Esterline Technologies, GE Aviation, Sagem, and Navtech.
Market Segmentation:
The global flight navigation system market has been segmented on the basis of flight instrument, product and application. Based on flight instrument, the flight navigation system market is segmented into altimeter, gyroscope, autopilot, sensors and magnetic compass. Based on product, the flight navigation system market is segmented into flight control system, CN&S, and flight management system. Based on application, the flight management system market is segmented into fixed wing and rotary wing.
Regional Analysis:
Geographically, the global flight navigation system market is segmented into four major regions such as Americas, Europe, Asia Pacific and the Middle East and Africa. Rapid adoption of advanced technology and increasing demand for upgraded navigation systems in aerospace industry are driving the flight navigation system market in the Americas. The flight navigation system market in the Europe region is expanding at a noteworthy pace owing to the current increase in aircraft manufacturing to fulfill the growing demand for upgraded and advanced aircraft all over the world. The Asia Pacific region is projecting high demand for advanced navigation systems leading to the growth of flight navigation system market in this region. The flight navigation system market in the Middle East and Africa region is projecting significant growth owing to the increasing demand for new aircraft by newly launched airlines in the Middle East region.
Target Audience
• Radio and transmitter OEMs
• System/Component Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Email: sales@marketresearchfuture.com
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