Flight Navigation System Market To Expand Steadily At A CAGR Of 7% | Industry Analysis, Size, Share, Import & Export and Revenue by Forecast 2021

Market Highlights:

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 expansion of the global flight navigation system market is majorly fueled by the increasing demand for automation technology that aids in improvement of flight plans and flight safety. The rapid adoption of advanced technology in the aerospace industry is propelling the growth of the global flight navigation system market. Growing demand for NextGen aircraft embedded with improved flight navigation system is projected to be impacting positively on the expansion of the global flight navigation system market.

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Major Key Players:

Honeywell,
Moog Inc.,
Northrop Grumman,
Raytheon,
Rockwell Collins,
Boeing,
Esterline Technologies,
GE Aviation, Sagem, and Navtech.

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.

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.

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Target Audience
• Radio and transmitter OEMs
• System/Component Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

About Market Research Future:

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This release was published on openPR.