Press release
Flight Navigation System Market 2018 expected to grow at a CAGR of around 7% | Industry Key Players: Honeywell, Moog Inc., Northrop Grumman, Raytheon, Rockwell Collins, Boeing, Esterline Technologies, GE Aviation, Sagem
Honeywell (U.S.), Moog Inc. (U.S.), Northrop Grumman (U.S.), Raytheon (U.S.), Rockwell Collins (U.K.), Boeing (U.S.), Esterline Technologies (U.S.), GE Aviation (U.S.), Sagem (French) and Navtech (Canada) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global flight navigation system market.
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Industry/ Innovation/ Related News:
April, 2018 – Rockwell signed a contract with U.S. Air Force to support Global Air Traffic Management components on the entire KC-135 tanker fleet.
February, 2018 –Honeywell signed three long-term contracts with the Singapore Airlines Group to help improve the operational capabilities of the group's Singapore Airlines (SIA), SilkAir and Scoot carriers. The airlines have contracted a variety of services and equipment including weather radar, navigation systems.
Market Overview
The global flight navigation system market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of flight navigation system market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).
The high demand for flight navigation system market is due to the growth in the aircraft navigation technology. This increases in the participation of manufacturers in the field of flight navigation system market. Moreover, the revolution to GPS navigation and the pace of modern electronic development that satisfy the demand for the navigation system. The rapid technology advancement along with the increased focus of OEMs on providing navigation system is expected to result in an increase in aircraft expenses and as well as it is expected to add to the growth of the market. However, cyber-attack, the high cost of autopilot system, and automation safety issue act as a barrier to the growth of flight navigation system market.
Regional Analysis
European region is dominating the market of global flight navigation system market due to high demand for advanced navigation systems. The market in the European countries is largely driven by new routes, ventures and business models, which helps in growth of global flight navigation system Market.
North America market is referred to as the second-largest flight navigation market due to factors such as growing investment in automation of surveillance technology have fuelled the demand for global flight navigation system market.
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.
MRFR team have supreme objective
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Email: sales@marketresearchfuture.com
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