Flight Management Systems Market Size, Share, Forecast, Analysis by Component (Control Display Unit, Flight Management Computer and Multi-Function Display), by Fit (Line-Fit and Retrofit), by Aircraft Type (Narrow-Body, Wide-Body and Others), and by Region — Forecast till 2023
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Flight management system is vital aspect of the contemporary aircraft avionics system. It automates various tasks which were previously performed by flight engineers and navigators. As a result, the workload in the cockpit is significantly reduced and the flight management system integrated aircraft can be operated by just two crew members. Hence, most of the modern aircraft are pre-fitted with the flight management system. Typically developed for large airliners, the flight management system nowadays is also being used in business jets.
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The growth in global air travel and subsequent demand for new aircraft are key factors projected to drive the growth of the flight management systems market. In addition, need for advanced navigation and surveillance technologies in airliners further imparts market growth. The development of glass cockpits resulting in better operational efficiency is another significant factor contributing to the growth of the flight management systems market. Furthermore, the aircraft modernization program offers promising growth opportunities to flight management systems market players. However, backlogs in aircraft deliveries and vulnerability of flight management systems to cyber-attacks hinders the market growth.
Flight Management System (FMS) is a centralized computer system present mainly in commercial aircraft which is used to manage multiple aircraft systems such as navigation sensors and radios, displays, flight control system, engine & fuel system, data link system, surveillance systems and other related systems. Flight management system is an integration of several components, including, Control Display Unit (CDU), Flight Management Computer (FMC), and Multi-Function Display (MFD).
Segmentation:
Based on component, the flight management systems market is divided into control display unit (CDU), flight management computer (FMC), and multi-function display (MFD). The flight management computer segment is estimated to account for the largest market share while the control display unit segment is projected to witness a higher CAGR during the forecast period. The control display unit provides the primary human/machine interface for data entry and information display. It also allows the flight crew to select the various flight management system operating modes.
Based on aircraft type, the flight management systems market is divided into narrow-body aircraft, wide-body aircraft, others. The narrow-body aircraft segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. Meanwhile, some major widebody aircrafts include the Airbus A300, A310, A330, A340, A350 and A380; the Boeing B747, B-767, B-777, and B-787. These aircraft are in demand for the routes with higher traffic, usually connecting international destinations, and primarily used for long haul journey. As of 2016, there were more than 5,000 widebody aircraft across the globe. While it is expected that over 2,500 widebody planes would be delivered to developed regions such as North America and Europe. Emerging regions for flight management systems market, such as Asia, Latin America, and the Middle East have twice the number to be delivered by 2035. As a result, there would be a rapid demand for new aircraft and subsequent demand for flight management systems as well.
Based on fit, the flight management systems market is divided into line-fit and retrofit. The line-fit segment is estimated to account for the largest market share while the retrofit segment is projected to witness a higher CAGR during the forecast period. Aircraft OEMs are responsible for the installation of various aircraft components including flight management systems in the aircraft. Hence, increase in the production of aircraft worldwide is projected to drive the growth of the line-fit segment of this market. Meanwhile, aircraft modernization programs drive the demand for retrofit market of the flight management systems.
Key Players:
Collins Aerospace
Esterline Technologies Corporation
Garmin Ltd.
General Electric Company
Honeywell International Inc
Innovative Solutions & Support Inc
Jeppesen Sanderson, Inc
NAVBLUE S.A.S.
Thales SA
Universal Avionics Systems Corporation
Regional Analysis:
Based on region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increase in aircraft production and deliveries in the Asia Pacific region. China, India, and Japan are key markets for flight management systems in this region.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List Of Assumptions
2.2.4. Limitations
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continue…
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