HOME Top Market Reports Flight Management System Market by Cockpit Architecture (VLA, WB, NB, and RTA), Hardware (FMC, CDU, and VDU), Maintenance (Line-fit and Retrofit) & by Geography (North America, Asia-Pacific, the Middle East, and Europe) - Forecast Analysis to 2014 - 2020

Flight Management System Market by Cockpit Architecture (VLA, WB, NB, and RTA), Hardware (FMC, CDU, and VDU), Maintenance (Line-fit and Retrofit) & by Geography (North America, Asia-Pacific, the Middle East, and Europe) - Forecast Analysis to 2014 - 2020

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: AS 2800

 

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The global flight management system market is estimated to be $601.36 million in 2014 to register a CAGR of 7.19% to reach $912.20 million by 2020. The report provides key statistics for the forecast period. This research report provides in-depth insights with regards to the flight management system market.

The report contains profiles of leading players involved in this market such as Honeywell, Thales SA, GE Aviation, Rockwell Collins, and Jeppesen. The report takes into account a wide range of factors and its influence on the market dynamics. Increasing investments in R&D, coupled with an information flow for requirement analysis will help the market move at a steady pace. The report provides the market analysis for 13 countries that have been mapped in the report. One of the key strategies adopted by key players in this market is technology innovation. This strategy helped them upgrade products that in turn helped them garner a competitive market share. The key growth countries span China, India, Germany, and Russia, of which China is the most lucrative market.

This report will help the stakeholders in this market unlock the business potential and identify the lucrative investment opportunities that the flight management system market has to offer. The bottom line is that this report extrapolates key metrics in this market.

The report deals with flight management systems, which mainly aim at integrating navigation, flight parameters, and navigation to get a systematic and consolidated auto flight control that maximizes aircraft efficiency. Flight safety is the major concern of all aircraft operators as well as the airlines that demand improvisation in the FMS technology annually, resulting in the growth of this segment. The study is done on a global basis taking into consideration all the major geographic regions. The study also focuses on the segmentation of the market by aircraft types and hardware equipment used to assist flight management systems.

Despite the slow global economic growth and increase in aircraft fuel cost, the demand for new aircraft deliveries will swell and the demand for flight management system will intensify, being a subset of an aircraft. Advanced FMS performa wide variety of tasks right from providing an accurate flight plan for smooth flight operations to efficient aircraft fuel utilization. These are some functional capabilities of FMS that are expected to fuel its growing market demand in the near future.

Scope of the Report

This report categorizes the flight management system market on the basis of cockpit architecture, hardware, and maintenance; it also offers the forecasted revenue of the global market.

  • On the Basis of Cockpit Architecture:

The global market can be classified on the basis of very large aircraft (VLA), narrow body (NB) aircraft, wide-body (WB) aircraft, and regional transport aircraft (RTA) depending upon the aircraft capacity. It offers in-depth analysis of the market, with respective aircraft types.

  • On the Basis of Hardware:

The global market is segmented into hardware such as visual display unit (VDU), flight management computer (FMC), and control display unit (CDU). The report provides the forecast analysis of hardware equipment of flight management system from 2014 to 2020.

  • On the Basis of Maintenance:

The flight management system market is fragmented on the basis of line-fit market and retrofit market.

  • On the Basis of Geography:

This report on global markets covers regions such as North America, the Middle East, Asia-Pacific, Europe, and the Rest of the World.

Table of Contents 
 
1 Introduction (Page No. - 1)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Market Scope

2 Research Methodology (Page No. - 8)
    2.1 Description of FMS Demand Model
          2.1.1 Increase in Demand for Aircraft Delivery
          2.1.2 Flight Plan Optimization
          2.1.3 Growth in Aviation Industry Expenditure
    2.2 Market Size Estimation
    2.3 Market Crackdown &Data Triangulation
    2.4 Market Share Estimation
          2.4.1 Data Points Taken From Secondary Sources
          2.4.2 Key Data Points From Primary Sources
                   2.4.2.1 Key Industry Insights
          2.4.3 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Oppurtinities in Flight Management Systems Market, 2014-2020
    4.2 Flight Management System- Hardware Types
    4.3 Flight Management System Market in Apac
    4.4 Flight Management System Market is Growing the Most in Apac Region – 2014 to 2020
    4.5 Flight Management System: Hardware (2014)
    4.6 Flight Management System Market: Emerging V/S Matured Nations (2014-2020)
    4.7 Flight Management System: Line Fit and Retro Fit  (2014-2020)
    4.8 Life Cycle Analysis, By Geography, By 2020

5 Market Overview (Page No. - 39)
    5.1 Introduction 
    5.2 Market Segmentation
          5.2.1 Flight Management System Market: By Cockpit Architecture 
          5.1.2 FMS Market: By Hardware
          5.1.3 FMS Market: By Maintenance
          5.1.4 FMS Market: By Geography
    5.2 Market Dynamics
          5.2.1 Drivers
                   5.2.1.1 Enhanced Capability of Avionic Systems for Nextgen Aircraft
                   5.2.1.2 Increased Airspace Congestion of Aircrafts
                   5.2.1.3 Need for Efficient Fuel Management
                   5.2.1.4 Way forward for Line Fit and Retrofit
          5.2.2 Restraints
                   5.2.2.1 Slow Economic Growth Dampening the New Term Prospects
                   5.2.2.2 Aircraft Order Cancellation
                   5.2.2.3 Limited Data Storage Capacity
          5.2.3 Opportunity
                   5.2.3.1 Scope of Increasing Operational Efficiency
                   5.2.3.2 Emerging Retrofit Market in Growing Economies
          5.2.4 Challenges
                   5.2.4.1 System Complexity in Integrating FMS
                   5.2.4.2 Loss of Situational Awareness

6 Industry Trends (Page No. - 65)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
          6.3.1 Key Influencers
    6.4 Industry Trends
    6.5 Porter’s Five forces Analysis
          6.5.1 Threat From New Entrants
          6.5.2 Threat From Substitutes
          6.5.3 Bargaining Power of Suppliers
          6.5.4 Bargaining Power of Buyers
          6.5.5 Intensity of Competitive Rivalry
    6.6 Strategic Benchmarking
          6.6.1 Product Positioning Strategy By Emerging Players
          6.6.1 FMS Market Retention Through Major Contracts
 
7 Flight Management Systems Market, By Hardware (Page No. - 83)
    7.1 Introduction
    7.2 Flight Management Systems on the Basis of Flight Management Computers (FMC) Market
    7.3 Flight Management Systems on the Basis of Visual Display Unit (VDU) Market
    7.4 Flight Management Systems on the Basis of Control Display Unit (CDU) Market

8 Flight Management Systems Market, By Cockpit Architecture, By Maintenance
    8.1 Introduction
    8.2 FMS By Cockpit Architecture
          8.2.1 Very Large Aircraft (VLA)
          8.2.2 Wide Body Aircraft (WBA)
          8.2.3 Narrow Body Aircraft (NBA)
          8.2.3 Regional Transport Aircraft (RTA)
    8.3 FMS By Maintenance
          8.3.1 Line-Fit
          8.3.2 Retrofit

9 Geographical Analysis (Page No. - 82)
    9.1 Introduction
    9.2 North America
          9.2.1 U.S.
          9.2.2 Canada
    9.3 Europe
          9.3.1 U.K.
          9.3.2 France
          9.3.3 Germany
          9.3.4 Russia
    9.4 Asia Pacific (APAC)
          9.4.1 Japan
          9.4.2 India
          9.4.3 China
          9.4.4 Singapore
    9.5 Themiddle East
          9.5.1 Qatar
          9.5.2 UAE
    9.6 Rest of the World (ROW)
          9.6.1 Latin America
          9.6.1.1 Brazil
          9.6.1 Africa
    9.7 FMS Demand & Supply Analysis, By Country

10 Competitive Landscape (Page No. - 168)
     10.1 Overview
     10.2 Market Share Analysis, Flight Management Systems Market
             10.2.1 Introduction
     10.3 Competetive Situation and Trends
             10.3.1 Contracts
             10.3.2 New Product Launches
             10.3.3 Agreements, Partnerships, Collaborations and Joint Ventures
             10.3.3 Other Developments

11 Company Profiles (Page No. - 188)
     11.1 Introduction
     11.2 Honeywell International Inc.
             11.2.1 Business Overview
             11.2.2 Product offerings
             11.2.3 Key Strategy
             11.2.4 Recent Developments
             11.2.5 SWOT Analysis
             11.2.6 MNM View
     11.3 Thales Group
             11.3.1 Business Overview
             11.3.2 Productofferings
             11.3.3 Key Strategy
             11.3.4 Recent Developments
             11.3.5 SWOT Analysis
             11.3.6 MNM View
     11.4 General Electric
             11.4.1 Business Overview
             11.4.2 Product offerings
             11.4.3 Key Strategy
             11.4.4 Recent Developments
             11.4.5 SWOT Analysis
             11.4.6 MNM View
     11.5 Esterline Technologies Corporation
             11.5.1 Business Overview
             11.5.2 Products & Services
             11.5.3 Key Strategy
             11.5.4 Recent Developments
             11.5.5 SWOT Analysis
             11.5.6 MNM View
     11.6 Rockwell Collins
             11.6.1 Business Overview
             11.6.2 Product offerings
             11.6.3 Key Strategy
             11.6.4 Recent Developments
             11.6.5 SWOT Analysis
             11.6.6 MNM View
     11.7 Universal Avionics
             11.7.1 Business Overview
             11.7.2 Product offerings
             11.7.3 Key Strategy
             11.7.4 Recent Developments
             11.7.5 SWOT Analysis
             11.7.6 MNM View
     11.8 Jeppesen Inc.
             11.8.1 Business Overview
             11.8.2 Product offerings
             11.8.3 Key Strategy
             11.8.4 Recent Developments
     11.9 Garmin Ltd.
             11.9.1 Business Overview
             11.9.2 Product offerings
             11.9.3 Key Strategy
             11.9.4 Recent Developments
     11.10 Lufthansa Systems
             11.10.1 Business Overview
             11.10.2 Product offerings
             11.10.3 Recent Developments
     11.11 Navtech 
             11.11.1 Business Overview
             11.11.2 Product offerings
             11.11.3 Key Strategy
             11.11.4 Recent Developments

12 Appendix (Page No. - 233)
     12.2 Discussion Guide
     12.3 Related Reports 
  
 
List of Tables (89 Tables)
 
Table 1 Aircraft Deliveries & Growth Rate (%) Across Various Regions, 2012-2013
Table 2 Better Capabilities of Avionics Systems for Nextgen Aircraft Impels the FMS Market
Table 3 High Cost of Upgradation Restrains the Market Growth
Table 4 Emerging Retrofit Market is Paving A Way for New Growth Avenues for Growing Economies in FMS Market
Table 5 System Complexity in Integrating FMS is Constraining the Growth of FMS Market
Table 6 Flight Management Systems, By Hardware, 2012-2020 ($Million)
Table 7 Flight Management Computers (Fmc), By Region, 2012-2020 ($Million)
Table 8 Control Display Unit (CDU), By Hardware, 2014-2020 ($Million)
Table 9 Visual Display Unit (VDU), By Region, 2012-2020 ($Million)
Table 10 Flight Management System Market Size, By Cockpit Architecture, 2012–2020 ($Million)
Table 11 Flight Management System Market Size for Very Large Aircraft, By Region, 2012–2020 ($Million)
Table 12 Flight Management System Market Size for Wide Body  Aircraft, By Region, 2012–2020 ($Million)
Table 13 Flight Management System Market Size for Narrow  Body  Aircraft, By Region, 2012–2020 ($Million)
Table 14 Flight Management Systems Market Size  for Regional Transport Aircraft, By Region, 2012–2020 ($Million)
Table 15 FMS Market Size In Line-Fit & Retro-Fit Aircraft, By Region, 2012–2020 ($Million)
Table 16 FMS Market Size for Retro-Fit, By Region, 2012–2020 ($Million)
Table 17 FMS Retro-Fit Market, By Cockpit Architecture
Table 18 North America: Flight Management System Market, By Country, 2012–2020($Million)
Table 19 North America: Market, By Cockpit Architecture,  2012–2020($Million)
Table 20 North America: Market, By Hardware, 2012–2020($Million)
Table 21 North America: Market, By Maintenance, 2012–2020($Million
Table 22 U.S.: Flight Management System Market, By Cockpit Architecture, 2012–2020($Million)
Table 23 U.S.: Market, By Hardware, 2012–2020($Million)
Table 24 Canada: Market, By Cockpit Architecture, 2012–2020($Million)
Table 25 Canada: Market, By Hardware, 2012–2020($Million)
Table 26 The Middle East: Market, By Country, 2012-2020 ($Million)
Table 27 The Middle East: FMS Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 28 The Middle East: Market, By Hardware, 2012–2020 ($Million)
Table 29 The Middle East: Market, By Maintenance, 2012-2020 ($Million)
Table 30 UAE: Flight Management System Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 32 UAE: FMS Market, By Hardware, 2012–2020($Million)
Table 33 Qatar: Ugv Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 34 Qatar: FMS Market, By Hardware, 2012–2020($Million)
Table 35 ROW: Market, By Region, 2012–2020 ($Million)
Table 36 ROW: Market, By Hardware, 2012–2020 ($Million)
Table 37 ROW: Market, By Cockpit Arichitecture, 2012–2020($Million)
Table 38 Rest of the World: Flight Management System Market, By Maintenance, 2012–2020($Million)
Table 39 Latin America: Market, By Hardware, 2012–2020($Million)
Table 40 Latin America: Market, By Cockpit Architecture, 2012–2020($Million)
Table 41 Brazil: FMS Market, By Hardware, 2012–2020($Million)
Table 42 Brazil: FMS Market, By Cockpit Architecture, 2012–2020($Million)
Table 43 Africa: Market, By Hardware, 2012–2020($Million)
Table 44 Africa: Market, By Cockpit Architecture, 2012–2020($Million)
Table 45 Global Flight Management System Market, By Geography, 2012–2020($Million)
Table 46 Asia-Pacific: Market, By Country, 2012–2020($Million)
Table 47 Asia-Pacific: Market, By Cockpit Architecture, 2012–2020($Million)
Table 48 Asia-Pacific: Market, By Hardware, 2012–2020($Million)
Table 49 Asia-Pacific: Market, By Maintenance, 2012–2020($Million)
Table 50 Japan: Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 51 Japan: Market, By Hardware, 2012–2020($Million)
Table 52 China: Flight Management System Market, By Hardware, 2012–2020($Million)
Table 53 China: Market, By Cockpit Architecture, 2012–2020($Million)
Table 54 India: Flight Management System Market, By Cockpit Architecture, 2012–2020($Million)
Table 55 India: Airport Information Systems Market, By Hardware, 2012–2020($Million)
Table 56 Singapore: Flight Management System Market, By Cockpit Architecture, 2012–2020($Million)
Table 57 Singapore: Market, By Hardware, 2012–2020($Million)
Table 58 Europe: Market, By Country, 2012–2020($Million)
Table 59 Europe: Market, By Cockpit Architecture, 2012–2020($Million)
Table 60 Europe: Market, By Hardware, 2012–2020($Million)
Table 61 Germany: Market, By Cockpit Architecture, 2012–2020($Million)
Table 62 Germany: Market, By Hardware, 2012–2020($Million)
Table 63 France: Flight Management System Market, By Cockpit Architecture, 2012–2020($Million)
Table 64 France: Market, By Hardware, 2012–2020($Million)
Table 65 U.K.: Market, By Cockpit Architecture, 2012–2020($Million)
Table 66 U.K.: Market, By Hardware, 2012–2020($Million)
Table 67 Russia: Market, By Cockpit Architecture, 2012–2020($Million)
Table 68 Russia: Market, By Hardware, 2012–2020($Million)
Table 69 The Middle East: Flight Management System Market, By Country, 2012-2020 ($Million)
Table 70 The Middle East: FMS Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 71 The Middle East: Market, By Hardware, 2012–2020 ($Million)
Table 72 The Middle East: FMS Market, By Maintenance, 2012-2020 ($Million)
Table 73 UAE: FMS Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 74 UAE: Flight Management System Market, By Hardware, 2012–2020($Million)
Table 75 Qatar: Ugv Market, By Cockpit Architecture, 2012–2020 ($Million)
Table 76 Qatar: FMS Market, By Hardware, 2012–2020($Million)
Table 77 ROW: Flight Management System Market, By Region, 2012–2020 ($Million)
Table 78 ROW: Market, By Hardware, 2012–2020 ($Million)
Table 79 ROW: Market, By Cockpit Arichitecture, 2012–2020($Million)
Table 80 Rest of the World: Flight Management System Market, By Maintenance, 2012–2020($Million)
Table 81 Latin America: Market, By Hardware, 2012–2020($Million)
Table 82 Latin America: Market, By Cockpit Architecture, 2012–2020($Million)
Table 83 Brazil: FMS Market, By Hardware, 2012–2020($Million)
Table 84 Brazil: Market, By Cockpit Architecture, 2012–2020($Million)
Table 85 Africa: Flight Management Systems Market, By Hardware, 2012–2020($Million)
Table 86 Africa: Market, By Cockpit Architecture, 2012–2020($Million)
Table 87 New Product Launches, 2010–2014
Table 88 Agreements, Partnerships, Collaborations, & Joint Ventures, 2010–2014
Table 89 Other Developments, 2010-2014 
  
 List of Figures (67 Figures) 
 
Figure 1 Research Methodology
Figure 2 Aircraft Deliveries & Growth Rate (%) Across Various Regions, 2012-2013
Figure 3 Flight Plan Optimization: Increasing Functional Dependency on FMS Will Reduce the Chances of Errors
Figure 4 FMS Retro-Fit Market Share, 2012-2013
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 8 Data Triangulation Methodology
Figure 9 Market Snapshot (2014 Vs 2020): Market for Narrow Body Aircraft is Expected to Increase the Most in the Next Six Years
Figure 10 Global Flight Management System Market, By Cokpit Architecture and Hardware, 2014
Figure 11 Global Market Share, 2014
Figure 12 Attractive Market Opportunities in Market, 2014-2020
Figure 13 Control Display Unit (CDU) Has the Highest Growth in the Market By Hardware Type (2014-2020)
Figure 14 The Apac Region Will Capture the Major Share in the Flight Management System Market in 2014
Figure 15 Apac Attains the Highest Market Share in the Flight Management System Market in 2014
Figure 16 Control Display Unit Will  Continue to Dominate the Apac Region in the Next Five Years
Figure 17 Emerging Markets to Grow At A Faster Rate Than Matured Nations By 2020
Figure 18 The Line Fit and Retro Fit FMS Market Has A Favourable Future in the Developing Economies of the Apac Region, 2014
Figure 19 Latin American Market Projected to Enter Exponential Growth Phase in the Coming Years
Figure 20 Air Navigation Tools Leading Up to the Flight Management System
Figure 21 Airport Information Systems Market Segmentation, By Function
Figure 22 Market Segmentation, By Cockpit Architecture
Figure 23 Market Segmentation: By Maintenance
Figure 24 Enhanced Capability of Avionics Systems for Nextgen Aircraft Increase the Need for the FMS Market
Figure 25 Better Capabilities of Avionics Systems for Nextgen Aircraft Impels the FMS Market
Figure 26 High Cost of Upgradation Restrains the Market Growth
Figure 27 Emerging Retrofit Market is Paving A Way for New Growth Avenues for Growing Economies in FMS Market
Figure 28 System Complexity in Integrating FMS is Constraining the Growth of FMS Market
Figure 29 Value Chain Analysis (2014): Major Value is Added During Production & Assembly Phase of the FMS
Figure 30 Supply Chain(2014): Direct Distribution is the Most Preferred Strategy Followed By Prominent Manufacturers of FMS
Figure 31 Demand for Performance-Based Navigation &Nextgen FMS is Set to Increase
Figure 32 Porter’s Five force Analysis (2013): Continuous Efforts Involved in the Modernization of FMS for Older Aircraft Affects This Market Positively
Figure 33 Strategic Benchmarking: Jeppesen Largely Adopted the Product Positioning Strategy
Figure 34 Components of Flight Management Systems
Figure 35 Narrow Body Aircraft Has the Biggest Market Share of the FMS Market
Figure 36 The Middle East Dominates the Market Share for Very Large Aircraft
Figure 37 Asia-Pacific Region Dominates the FMS Market in Wide Body Aircraft
Figure 38 FMS Market for Narrow Body Aircraft is Dominated By Asia-Pacific Region
Figure 39 Market Size  for Regional Transport Aircraft, By Region, 2012–2020 ($Million)
Figure 40 FMS Market Size in Line-Fit & Retro-Fit Aircraft, By Region, 2012–2020 ($Million)
Figure 41 The Middle East is the Fastest Growing Retro-Fit FMS Market
Figure 42 Wide Body FMS Retro-Fit Market is Growing Fast Due to Increasing Maintenance Demand
Figure 43 North America Market Snapshot: Demand is Expected to  Be Driven By Increasing Aircraft  Deliveries
Figure 44 Insufficient Funds for Upgradation of the FMS is A Major Restraint for the Flight Management System Market in ROW
Figure 45 Companies That Adopted Product Innovation As the Key Growth Strategy
Figure 46 Honeywell International, Inc. Grew At the Fastest Rate Between 2011-2013
Figure 47 Market Share, By Key Player, 2013
Figure 48 Market Evolution Framework, 2011-2013
Figure 49 Market Share: Contracts Was the Key Strategy, 2010-2014
Figure 50 Geographic Revenue Mix of the Top Five Players
Figure 51 Competitive Benchmarking of Key Market Players (2011-2013): General Electric Emerged As A Champion Owing to Its Diversified FMS Product Portfolio
Figure 52 Rockwell Collins, Inc.: Business Overview
Figure 53 Rockwell Collins, Inc.: SWOT Analysis
Figure 54 Thales Group S.A: Business Overview
Figure 55 Thales Group S.A: SWOT Analysis
Figure 56 Honeywell International, Inc.: Business Overview
Figure 57 Honeywell International Inc.: SWOT Analysis
Figure 58 General Electric: Business Overview
Figure 59 General Electric: SWOT Analysis
Figure 60 Esterline Technologies Corporation: Business Overview
Figure 61 Esterline Technolgies Corporation: SWOT Analysis
Figure 62 Jeppesen, Inc.: Business Overview
Figure 63 Universal Avionics Systems Corporation: Business Overview
Figure 64 Garmin Ltd.: Business Overview
Figure 65 Lufthansa Group: Business Overview
Figure 66 Navtech, Inc.: Business Overview
Figure 67 Strategic Benchmarking: Rockwell Collins Majorly Adopted the Market Retention Strategy

The flight management system market in this report is divided into five major regions-North America, Europe, Asia-Pacific, the Middle East, and the Rest of the World (RoW). It is estimated that the global market would be valued at $601.36million in 2014; Asia-Pacific had the largest market with 36.76%, followed by Europe with 23.86%, and North America with 19.92% in 2013.

Flight Management System consists of a Navigation Database, which contains elements from which the flight plan is made. In other words, FMS integrates navigation and performance with aircraft operations and harmonize all the functions starting from pre-engine start and take-off to landing and engine shut-down.

Nextgen FMS is going to determine the future of aircraft. Research is going on to improve the aircraft performance, thereby making the aircraft more fuel efficient. Single European Sky ATM Research (SESAR) in Europe is mainly focused at improving air navigation systems to the next level of technology. Typically, introduction of 4D trajectory in air navigation is an initial step in it. The aircraft industry is expecting a huge technological transformation due to the Nextgen systems.

The flight management system market when considered for a short period of approximately five years cannot be expected to grow huge. There will be a slow, but steady growth for this short period of time. However, in the long run, the market is huge with ample opportunities. As said previously the technological transformation that takes place in the aircraft industry is the major reason behind this.

The market is highly dependent on the aircraft industry. The turns and turmoil in the aircraft industry will affect this market too. The investments made by airlines to increase operational efficiency of aircraft, can also be a driver for this market.

The flight management system market is expected to grow at a CAGR of 7.19% from 2014 to 2020. The market is expected to reach $912.20 million by 2020. The most potential region of growth in this market is APAC, followed by Europe. The market for Narrow Body Aircraft is expected to have huge opportunities by 2020. The agenda for the report includes a discussion on key high growth markets, thereby marking the growth trend in the market.

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