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Helicopter Flight Management System Market Key Players Analysis and Opportunity by 2023-2030
Helicopter Flight Management System Market
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Segments:
Based on type, the market is segregated into hardware and software. On the basis of application, it is bifurcated into civil helicopters and military helicopters. Geographically, it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report:
The report analyzes the top segment and the latest market trends. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints:
Rising Automation in Flight Management to Augment Growth
The crucial players have incorporated artificial intelligence (AI) technologies and machine learning (ML) technologies to automate the helicopter flight management system. It eliminates the amount of work on the driver to manage the entire craft regularly during a flight. The introduction of this automatic system is expected to bolster the product demand. For example, HAL India launched a novel helicopter named Rudra in 2019. It is a combat helicopter engineered for the Indian armed forces. It includes features such as FLIR, an advanced global positioning system (GPS), infrared friend or foe (IFF) identification system, Doppler navigation, and HF/UHF communications radio. Therefore, the incorporation of advanced technologies is expected to drive the helicopter flight management system market growth.
However, software compatibility and malfunction are two restraining factors that are expected to hamper the market growth.
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Regional Insights
Presence of Prominent Players to Stoke Market Growth in North America
North America is projected to dominate the helicopter flight management system market share due to the presence of prominent players such as GE, Garmin Ltd., L3 Harris Technologies, Inc., Curtiss Wright Corporation, and others. Additionally, the highest number of helicopter fleets in the US is expected to boost market growth.
In Asia Pacific, the rising helicopter operators and demand for helicopter flight management system search and rescue operations, oil &gas, and emergency medical service (EMS) are expected to propel the market growth.
In Europe, key players such as Thales Group, BAE Systems, and a huge helicopter fleet are expected to boost market growth.
Competitive Landscape
Major Companies to Devise Strategies to Enhance Market Position
Companies have signed an agreement for supplying helicopters and enhancing their market position. For example, Esterline Corporation and Airbus Helicopters entered into an agreement with each other in June 2017 for supplying the CMC Electronics powered helicopters to the German army for upgrading their CH-53GS/GE Sea Stallion Helicopter. Further, companies have collaborated with the US armed forces to enhance the helicopter flight management system software. For example, Thales Group collaborated with the US armed forces in February 2015 to upgrade their UH-60V Black Hawk helicopter.
Industry Development
April 2021: NASA launched its Ingenuity Rover on Mars with an advanced helicopter flight management system developed by JPL.
List of Key Players Profiled in the Helicopter Flight Management System Market Report
Safran
Cobham Limited
Curtis-Wright Corporation
GE
Gamin Ltd.
L3 Harris Technologies Inc.
Thales Group
Honeywell International Inc.
Collins Aerospace, a Raytheon Technologies Corporation Company
BAE Systems
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