The global flight management system market is growing at a considerable CAGR of 6.1% during the forecast period. Rising and improving standards associated with safety is one of the prime factors affecting and driving the market. Increasing government spending along with growing requirement for efficient fuel management is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, limited data storage and delay in new aircraft order is the major factors constraints that are hindering the growth of the global flight management system market across the globe.
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The market is segmented based on type, maintenance and hardware. Based on type, the market is segmented into very large aircraft, wide body aircraft, narrow body aircraft and regional transport aircraft. By maintenance, the market is segmented into line-fit and retro-fit.
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The global flight management system market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global flight management system market. In the North American region increasing technology innovation is the prime factor affecting the demand of the market. Additionally, growing demand for commercial aircraft in order to control the air traffic in the countries such as the US and Canada and the presence of the key market players in the region that includes Boeing and General Electric among others are some of the other factors that are driving the growth of the market.
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)
Global Flight Management System Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Airbus S.A.S.
Boeing
Collins Aerospace
Garmin Ltd.
General Electric
Honeywell International Inc.
Lufthansa Systems,
Leonardo S.p.A.
Thales Group
Elbit Systems Ltd.
Safran
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