HOME › Research Insight › Contracts is the Key Strategy Adopted by Industry Players to Achieve Growth in the Flight Management Systems Market
Contracts is the Key Strategy Adopted by Industry Players to Achieve Growth in the Flight Management Systems Market
The report profiles the key players in the flight management systems market, such as Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica S.p.A (Italy), Rockwell Collins (U.S.), among others. These companies account for a major share of the flight management systems market. These companies also have manufacturing facilities across key regions, such as North America and Europe, with a strong distribution network. These companies adopted various growth strategies, such as contracts, partnerships, agreements, and new product launches to capture the majority of the share of this growing market.
The companies have adopted these strategies to supply advanced products and services to customers and to strengthen their product portfolio. Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica-SPA (Italy), are some of the leading companies that have adopted these strategies to enhance their businesses.
On April 2016, Universal Avionics Systems Corporation received a contract from the U.S. Army to provide avionics for the design and development of the U.S. Army’s next generation reconnaissance aircraft. Under this contract, the company has to replace flight deck avionics with Universal Avionics EFI-8890R advanced flight display (PFD/MFD/Engine), dual satellite-based augmentation systems (SBAS)-capable multi-mission management systems (MMMS), Communication Management Unit. This contract will help the company to maintain constancy towards the U.S. government for avionics products and enable it to secure future avionics contract.
In February 2016, Thales received a contract to equip over 700 Airbus single aisle aircraft in Asia with different flight management systems and avionics components. This contract helped the company to expand its operations in Asia, the fastest-growing market. Under this contract, the company will equip its FMS in aircraft of Air China and Shenzhen airlines.
On January 2016, Leonardo-Finmeccanica S.p.A received a contract from a Singapore-based company, Aptronics PTE Ltd. Under this contract, the company is responsible to provide radar warning receiver (SEER) to the Indonesian Air Force. SEER is a self-protection system that detects and identifies potential radar threats and alerts the pilots. This will be installed on light weighted multi-role combat aircraft Mk.209 Hawk. The contract includes the installation of aircraft currently in service and includes an option to supply additional systems in future.
Flight Management Systems Market by Hardware (Control Display Unit, Visual Display Unit, Flight Management Computer), Aircraft Type (NBA, WBA, VLA, RTA), Fit (Line Fit, Retrofit) and Region - Global Forecast to 2021
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India