Flight Management Systems (FMS) Market

Flight Management Systems (FMS) Market worth 3.13 Billion USD by 2021

The report "Flight Management Systems (FMS) 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", The flight management systems market is expected to reach USD 3.13 Billion by 2021, at a CAGR of 6.23% during the forecast period. The demand for next generation flight management systems and advanced required navigation performance, development of glass cockpits resulting in better operational efficiency, and significant growth in airline industry worldwide are expected to drive this market.

             Request Sample             Request Sample

Browse 83 market data Tables and 89 Figures spread through 192 Pages and in-depth TOC on "Flight Management Systems (FMS) Market - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.

Line Fit is expected to grow at the highest rate in the flight management systems market

The global flight management systems market has been segmented and analyzed in terms of two types, namely, line fit and retrofit, wherein, the line fit segment dominates the overall market in terms of market size, and is expected to exhibit a similar trend during the next five years owing to the rise in aircraft orders and deliveries worldwide. It has also been noticed that in emerging countries such as India and China, there has been an increase in passenger travel, giving rise to low-cost carriers.

The flight management computers segment is expected to exhibit the highest growth during the forecast period

The global flight management systems market, by hardware has been segmented into visual display unit, control display unit, and flight management computers. The flight management computers segment is estimated to register the highest CAGR owing to the increase in demand of technologically advanced as well as lightweight flight management computers. The market for flight management computer hardware is largest in North America and Europe, owing to the rise in the demand for next generation flight management systems and advanced required navigation performance systems.

The market in the APAC region is expected to grow at the highest rate during the forecast period

The market in APAC is expected to grow at the highest CAGR between 2016 and 2021 owing to the increase in aircraft orders as well as deliveries in emerging economies such as India and China. The rise in low-cost carriers as well as the need of technologically advanced flight management systems is also an important factor which is the fueling the growth of the market in this region.

Honeywell International Inc. (U.S.) is one of the key players in the flight management systems market. The other major players in this market include Thales Group (France), General Electric Company (U.S.), Leonardo-Finmeccanica S.p.A (Italy), Rockwell Collins (U.S.), Esterline Technologies (U.S.), Garmin Ltd. (Switzerland), Universal Avionics Systems (U.S.), Lufthansa Systems (Germany), Jeppesen Sanderson, Inc. (U.S.), and Navtech, Inc. (Canada).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

Flight Management Systems (FMS) Market Size,  Share & Growth Report
Report Code
AS 2800
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Flight Management Systems (FMS) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets