DUBLIN–(BUSINESS WIRE)–The “Global Flight Management System Market Research and Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The global flight management system market is growing at a considerable CAGR of 6.1% during the forecast period. Rising and improving standards associated with safety is one of the prime factors affecting and driving the market.
- Airbus S.A.S.
- Collins Aerospace
- Garmin Ltd.
- General Electric
- Honeywell International Inc.
- Lufthansa Systems,
- Leonardo S.p.A.
- Thales Group
- Elbit Systems Ltd.
Increasing government spending along with growing requirement for efficient fuel management is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, limited data storage and delay in new aircraft order is the major factors constraints that are hindering the growth of the global flight management system market across the globe.
Further, the growing adoption of auto-ground collision avoidance system (GCAS) along with rising R&D in the avionics and aviation industries are some of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global flight management system market. For instance, in June 2021, Honeywell International Inc. had selected lilium in order to make 7-Seater Lilium Jet’s avionics along with flight control systems. The flight control system will play an effective role in ensuring smooth and comfortable air travel for the passengers.
Impact of COVID-19 Pandemic on the Global Flight Management System Market
The global flight management system market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had brought a lot of disruption across the globe. Due to COVID-19 pandemic the key player present in the industry are adopting various strategies and also taking the support of government in order to overcome the difficulties. Additionally, changing customers demand and due to lack of workforce, delayed in delivery of new aircraft was observed owing to COVID-19 pandemic.
The market is segmented based on type, maintenance and hardware. Based on type, the market is segmented into very large aircraft, wide body aircraft, narrow body aircraft and regional transport aircraft. By maintenance, the market is segmented into line-fit and retro-fit.
Further, by hardware, the market is segmented into flight management computer (FMC), visual display unit (VDU) and control display unit (CDU).
The global flight management system market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global flight management system market.
In the North American region increasing technology innovation is the prime factor affecting the demand of the market. Additionally, growing demand for commercial aircraft in order to control the air traffic in the countries such as the US and Canada and the presence of the key market players in the region that includes Boeing and General Electric among others are some of the other factors that are driving the growth of the market.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flight management system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
Key Topics Covered:
1. Current Industry Analysis and Growth Potential Outlook
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
3. Competitive Landscape
3.1. Key Company Analysis
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Fullerene Market by Product
4.2. Global Fullerene Market by Application
4.2.3. Aviation & Aerospace
5. Regional Analysis
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/23hjee
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900