FLIGHT MANAGEMENT SYSTEMS (FMS) MARKET 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 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.
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71 - Tables 62 - Figures 134 - Pages
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â– 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. â– 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.
KEY PLAYERS IN MARKET Flight Management Systems (FMS) Market ■ Honeywell International Inc. (U.S.)
■ 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),
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