Market Research Store : Published latest report on "Global Flight Management System Market Outlook (2014-2022)" into their database.
Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Flight Management System market accounted for $ 5.98 Billion in 2014 and it is expected to reach $10.6 Billion by 2022 growing at a CAGR of 7.42% . The introduction of new aircraft will facilitate airlines to reinforce their existing competitive strategies and may allow them to develop capabilities that enable new ways to grow in the market. The delivery of upcoming aircraft such as A320neo, and C919, B737max, B787-9, drives the market of technically advanced flight management systems.
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The growing demand for performance-based navigation, which includes preparing user-defined flight plans and efficient fuel management during the flight are important functions of FMS, which play a fair role in increasing its demand for the Wide Body Aircraft (WBA). The demand for WBA is rising significantly across the globe due to a rise in passenger traffic. The escalating connectivity between the main geographical locations of growing regions and the most developed urban regions has led to a boost in the demand for fuel efficient aircraft in order to reduce the travelling costs.
The Flight Management System Market is segmented by Cockpit Architecture i.e., Very Large Aircraft(VLA), Narrow Body Aircraft(NBA), Wide Body Aircraft(WBA), Regional Transport Aircraft(RTA) and by hardware it is segmented into Visual Display Unit (VDU), Flight Management Computer (FMC), Control Display Unit (CDU) and by Maintenance it is classified into Line-Fit Market and Retro-Fit Market.
The Key players in Flight Management System(FMS) Market are Honeywell International Inc, Thales Group, General Electric, Esterline Technologies Corporation, Rockwell Collins, Universal Avionics and Jeppesen Inc.
This study highlights current dynamics and developments in the Flight Management System market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Flight Management System market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Flight Management System market in the report.
The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Flight Management System market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Flight Management System market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Flight Management System market in the recent past.
The section pertaining to the company profiles explains the dominance of the key players in the Flight Management System market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Flight Management System market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Flight Management System market.
There are numerous factors that are considered in order to provide the analysis and forecast of the Flight Management System market. Some of the factors are technological, political, social, and economic Flight Management System market factors. Various analytical tools such as Porter's Five Forces Analysis and Flight Management System market SWOT analysis are utilized to analyze the data of the Flight Management System market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Flight Management System market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Flight Management System market.