The global flight management system market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2024-2031). The rising technology upgradation in avionic systems is one of the prime factors affecting and driving the market. The internet of things (IoT) in aviation had given effective outcome through technology that enables electronic devices in order to communication with one another without the need of a host computer. For instance, MRO professionals can talk when needed with plane sensors using tablets. Through this aircraft systems can be scanned easily and components can be identifying when required for repair or replacement. Additionally, through advancement in avionics the focus is also on increasing the performance along with safety.
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To gain on the opportunity key players operating in the global flight management system market had been adopting strategy such as new launches. For instance, in January 2020, Thales Group had introduced FlytX avionics suite that is been selected by VR technologies. Through this introduction the workload of the pilot would be decreased along with improving optimum safety and operational performance.
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Market Coverage
- Segment Covered-
o By Type
o By Maintenance
o By Hardware
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Collins Aerospace, Garmin Ltd., General Electric, Leonardo S.p.A., and Thales Group,
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Flight Management System Market – Segmentation
By Type
- Very Large Aircraft
- Wide Body Aircraft
- Narrow Body Aircraft
- Regional Transport Aircraft
By Maintenance
- Line-Fit
- Retro-Fit
By Hardware
- Flight Management Computer (FMC)
- Visual Display Unit (VDU)
- Control Display Unit (CDU)
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