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Flight Navigation System Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Flight Navigation System Market 2018
Flight Navigation System Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2021
According to the recent Market Study Report “Global Flight Navigation System Market” published by the Market Research Future; the market of Flight
Navigation System is expected to grow at a CAGR of around 7% globally, during 2016-2021. The key factors driving the growth are increasing aircraft
fleet, demand for avionics system with gen-next aircraft, demand for accurate flight navigation, capability of handling more air traffic, collision avoidance
systems, gyroscopes, and integration of early warning radar.
Although there is widespread approval of the autopilot system, the high cost associated with it becomes a major challenge for the military aircraft. In
2010, the widely approved autopilot system was priced at more than USD 10,000, excluding installation charges. In 2014, the price had doubled and with
the installation of additional features such as autopilot landing and ground collision avoidance systems, the costs of the autopilot were more than USD
40,000. In addition, when the components of autopilot systems become obsolete, the repair and overhaul costs become higher and downtime increases,
which makes maintenance of the systems questionable. To enhance safety, the organization encourages the development and installation of autopilots in
the aircraft. As a result, autopilot manufacturers are investing in the creation of new digital smart autopilots that is compatible with a variety of aircraft
without additional certifications bearing high costs.
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Flight Navigation System Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Flight Navigation
System Market Research Report - Global Forecast 2021”
Study Objectives of Global Flight Navigation System Market
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global
Flight Navigation System Market
To provide insights about factors affecting the market growth
To analyse the Global Flight Navigation System Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North
America, Europe, Asia, and Rest of the World (ROW)
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Flight Navigation System Market 2018
Segmentation:
As per the MRFR analysis, factors such as cyber-attack, high cost of autopilot system, and automation safety issue are identified as restraining factors to
the market growth. However, the global market of Flight Navigation System is expected to post a stunning CAGR of ~ 7% during the forecast period
2016-2021.
Demand of non-directional beacon, next generation avionics, and demand for aircraft condition monitoring system (ACMS) are the ongoing trends which
will impact the market during the forecast period Owing to the demand for the most advanced navigation systems, which will ensure the safety and
security of passengers, Sensors segment is expected to hold the largest share in market during the forecast period. Prominent airlines from the Middle
East region such as Air Arabia, Qatar, Etihad, and Emirates Airlines are expected to contribute to the market growth of the flight navigation systems. The
Middle East will witness the maximum traffic upsurge during the forecast period. RoW region is likely to rise at the maximum CAGR for flight
navigation system market.
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Flight Navigation System Market 2018
Application & Major Players in this Research:
Flight Navigation System Market Prominent Players:
Honeywell,
Moog Inc.,
Northrop Grumman,
Raytheon,
Rockwell Collins.
Other prominent players identified by MRFR report on Global Flight Navigation System Market include - Boeing, Esterline
Technologies, GE Aviation, Sagem, and Navtech..
.
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Flight Navigation System Market 2018
Flight Navigation System Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Equipped with multiple systems such as autopilot, sensors, flight management systems, global navigation satellite
systems (GNSS) and automatic direction finder, Flight navigation systems are used for guiding and controlling the
aircrafts. Navigation systems function upon the instrument flight rules (IFR) or visual flight rules (VFR).
Advanced FN Systems are proficient of handling large air traffic. The shift toward non-directional beacon (NDB) radio
transmitters is expected to have positive impact on the industry. The advancement in en-route automation
modernization (ERAM), flight management system, automatic dependent surveillance (ADS-B), aircraft condition
monitoring system (ACMS), and GPS-aided geo augmented navigation (GAGAN) will proved to be efficient for
controlling and managing aircrafts in the years to come.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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