Press release
Flight Navigation System Market to grow at a CAGR of around 7% during 2016-2021
Global Flight Navigation System Market by Flight Instrument (Altimeter, Gyroscope, Autopilot, Sensors and Magnetic Compass), by Product (Flight Control System, CN&S, & Flight Management System), by Application (Fixed Wing and Rotary Wing) and by Geography - Forecast to 2021
Market Synopsis of Global Flight Navigation System Market
The Global Flight Navigation System Market is expected to grow at a CAGR of around 7% during 2016-2021. The key factors driving the growth are increasing aircraft fleet, demand for avionics system with gen-next aircraft, demand for accurate flight navigation, capability of handling more air traffic, collision avoidance systems, gyroscopes, and integration of early warning radar.
As per the MRFR analysis, factors restraining the market growth are cyber-attack, high cost of autopilot system, and automation safety issue.
Demand of non-directional beacon, next generation avionics, and demand for aircraft condition monitoring system (ACMS) are the ongoing trends which will impact the market during the forecast period.
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Key Players
Some of the key players in the Global Flight Navigation System Market are Honeywell, Moog Inc., Northrop Grumman, Raytheon, Rockwell Collins, Boeing, Esterline Technologies, GE Aviation, Sagem, and Navtech.
Study Objectives of Global Flight Navigation System Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Flight Navigation System Market
• To provide insights about factors affecting the market growth
• To analyse the Global Flight Navigation System Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country-level analysis of the market with respect to the current market size and future prospective
• To provide country-level analysis of the market for segment by flight instrument, product, and application.
• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Flight Navigation System Market
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The market report for Global Flight Navigation System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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We are thankful for the support and assistance from Global Flight Navigation System Market Research Report – Forecast 2016-2021 related technical experts and marketing experts during Research Team survey and interviews.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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