Aircraft Management Systems Market (2021-2028) | Latest COVID19 Impact Analysis | Know About Brand Players: General Electric Company, Esterline Technologies Corporation, Thales Group, Navtech, Inc., Honeywell International Inc., Garmin Ltd
Aircraft Management System is a specified computer system which automates an extensive variety of in-flight tasks, decreasing the workload on the air crew. This aircraft management system is deployed in variety of aircrafts such as narrow body aircraft, regional transport aircraft, wide body aircraft and very large aircraft. Some of the major drivers which further fuels the aircraft management system market in the forecast period are substantial growth in airline industry globally and rise in demand for advanced required navigation performance (RNP).
The final report will add the analysis of the Impact of Covid-19 in this report Aircraft Management Systems Market.
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Major vendors covered in this report:
General Electric Company, Esterline Technologies Corporation, Thales Group, Navtech, Inc., Honeywell International Inc., Garmin Ltd., Universal Avionics Systems Corporation, Lufthansa Systems GmbH & Co. Kg, Jeppesen Sanderson, Inc, Leonardo Spa
The "Global Aircraft Management System Market Analysis to 2028" is a specialized and in-depth study of the aircraft management system market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft management system market with detailed market segmentation by gear position, aircraft type, activities, aircraft users, and geography. The global aircraft management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft management system market players and offers key trends and opportunities in the aircraft management system market.
• Based on Hardware, the market is segmented into Visual Display Unit, Control Display Unit, Flight Management Computer, and Others.
• On the basis of Aircraft Type, the company is segmented into Narrow Body Aircraft, Regional Transport Aircraft, Wide Body Aircraft, and Very Large Aircraft.
• Based on Installation Type, the market is bifurcated into Line Fit, and Retrofit.
• Based on End User, the market is divided into Commercial, and Military.
• Mounting technological advancement, growing need for advanced navigation and surveillance technologies
• Upgraded technology for heavy data storage and operational efficiency across various region
• Rise in demand for advanced required navigation performance (RNP).
• Stringent safety regulations and Susceptibility of FMS to Cyber-Attacks
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft management system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Impact Of Covid-19 On Aircraft Management System Market:
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft management system manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft management system market.
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Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Aircraft Management Systems market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defence, Food Beverages, Chemical etc.
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