Flight Management System Market to touch USD 4.63 Billion by 2026, growing at a CAGR of 7.3% | Global Key Vendors - Honeywell, Thales, General Electric, Esterline Tech, Rockwell Collins, Universal Avionics, Jeppesen

Marketprognosis.com Publish a New Market Research Report On “Flight Management System - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Flight Management System Market:

Global Flight Management Systems market is accounted for $2.29 Billion in 2017 and is expected to reach $4.63 Billion by 2026 growing at a CAGR of 7.3% during the forecast period. Growing dependency on Flight Management System, technological advancements in FMS and growth in Airline Industry across the world are some of the factors fuelling the market growth. On the other side, ease of FMS to Cyber-Attacks and strict safety regulations are inhibiting the market. One of the major opportunities in the market is improved technology for heavy data storage and operational efficiency.

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Flight Management System is an essential part of airliner's avionics. It is a specialized computer system that computerizes a wide range of in-flight tasks and reducing the workload on the flight. The main function includes in-flight management and flight planning through the utilization of various sensors namely inertial navigation systems (INS) and global positioning systems (GPS).

On considering Air Craft Type, Wide-body aircraft (WBA) segment is used for the transport of commercial freight and cargo and other special uses. It is also called as jumbo jets because of its shape. It accommodates passengers depending on its capacity, as they vary diametrically into small wide air craft and large wide aircraft. The demand for WBA is rising significantly across the globe due to a rise in passenger traffic. The escalating connectivity between the main geographical locations of growing regions and the most developed urban regions has led to a boost in the demand for fuel efficient aircraft in order to reduce the travelling costs. They are highly used in science, research, and the military across the country.

Geographically, Asia pacific is expected to hold large volume due to the increase in aircraft orders as well as deliveries in developing countries such as India and China. As well as low-cost carriers due to the adoption of advanced flight management systems.

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Major Key Players:

1 Honeywell International Inc

2 Thales Group

3 General Electric

4 Esterline Technologies Corporation

5 Rockwell Collins

6 Universal Avionicss

7 Jeppesen Inc.

8 Garmin Ltd. and More………………….

Market Segment by Aircraft Types:

1 Wide-Body (WB) Aircraft

2 Very Large Aircraft (VLA)

3 Regional Transport Aircraft (RTA)

4 Narrow Body (NB) Aircraft

5 Turboprop aircraft

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Flight Management System Market.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Flight Management System Market, By Hardware

6 Global Flight Management System Market, By Aircraft Type

7 Global Flight Management System Market, By Fit

8 Global Flight Management System Market, By Component

9 Global Flight Management System Market, By Geography

10 Key Developments

11 Company Profiling

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This release was published on openPR.