Flight Navigation System Market to Witness Promising Growth Avenues in Emerging Economies For 2026

A recent market research report by Transparency Market Research (TMR) presents a detailed analytical overview of the market for flight navigation systems. The report, titled “Flight Navigation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” includes vast qualitative and quantitative details covering all major aspects and segments of the market.

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The report states that the market will experience growth at a steady pace over the period between 2016 and 2024. The market will be chiefly driven due to the thriving aviation sector across developed as well as developing economies, surge in number air routes, rising number of domestic and international flights across the far-stretched corners of the globe, and declining airfares. The rising popularity if air travel among the affluent middle-class population of emerging economies such as India, China, Indonesia, and Brazil are also leading to the heightened demand for air travel services, fueling the demand for effective flight navigation systems.

The report segments the global flight navigation systems market on the basis of criteria such as product type, application, flight instruments, and geography.

On the basis of product type, the market is segmented into avionics systems and communication systems. The segment of communication systems is further segmented into portable avoidance collision system, automatic dependent surveillance, aircraft transponders, and communication addressing and reporting systems. The segment of avionics systems is further examined for product varieties such as hyperbolic navigation systems, Automatic Direction Finder, Doppler Navigation system, radar, heads-up display, global navigation satellite system (GNSS) receiver, instrument landing system (ILS), inertial navigation system (INS), and flight management system (FMS).

On the basis of flight instruments, the global flight navigation management system market has been examined for instruments such as gyroscope, magnetic compass, altimeter, sensors, and autopilot. The key applications of flight navigation systems examined in the report are rotary wing and fixed wing.

Although the global flight navigation management system market has a limited number of vendors, it features a highly competitive landscape. To stay ahead of the competition, companies operating in the market are taking the course of strategic collaborations, partnerships, joint ventures, and mergers and acquisitions. The high growth prospects in emerging economies have encouraged companies to focus on regions such as Asia Pacific and Latin America for expansion campaigns.

Some of the leading companies operating in the market are Northrop Grumman Corporation (U.S.), Rockwell Collins (U.S.), Universal Systems Avionics Corporation (U.S.), Sagem (France), Raytheon Company (U.S.), Honeywell International Inc. (U.S.), Lufthansa Systems, Esterline Technologies Corporation (U.S.), Garmin Ltd. (Switzerland), General Electric, Navtech, Garmin Ltd, Thales Group, Moog Inc (U.S.), and Jeppesen Inc.

Browse Full Report@ http://www.transparencymarketresearch.com/flight-navigation-system-market.html

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This release was published on openPR.