According to Stratistics MRC, the Global Flight Management Systems Market is accounted for $2.77 billion in 2019 and is expected to reach $5.21 billion by 2027 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the growth of the market are the development of glass cockpits, rising fleet orders, and significant growth in the global airline industry. However, stringent safety regulations are the restraining factors for the growth of the market.
Request for a Free Sample Copy of Report at www.strategymrc.com/report/flight-management-systems-market/request-sample
By aircraft type, the narrow-body aircraft segment is expected to grow at a significant market share during the forecast period as it can fly over short routes and thus suited to cater the budget travellers. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the increased deliveries of commercial aircraft to cater to the growing passenger traffic in the US and Canada.
Some of the key players in Flight Management Systems Market include General Electric Company, Honeywell International Inc, Rockwell Collins, Thales Group, Lufthansa Systems GmbH & Co. Kg, Universal Avionics Systems Corporation, Esterline Technologies Corporation, Leonardo-Finmeccanica Spa, Jeppesen Sanderson Inc, Navtech Inc, and Garmin Ltd.
Components Covered:
• Software
• Hardware
Aircraft Types Covered:
• Wide-Body Aircraft
• Narrow Body Aircraft
• Turboprop Aircrafts
• Regional Transport Aircraft
• Very Large Aircraft
Fits Covered:
• Retrofit
• Line Fit
Aircraft Sizes Covered:
• Extra Large
• Large
• Medium
• Small
End Users Covered:
• Military
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
If Any Query? Ask Our Industry Expert at www.strategymrc.com/report/flight-management-systems-market/request-customization
Explore the list of attractive markets during this time of Pandemic @ www.strategymrc.com/report-store/chemicals-industry-market-research
About Us:
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Contact Us:
Stratistics Market Research Consulting
Phone: +1-301-202-5929
Email: info@strategymrc.com
Website: www.strategymrc.com/
Twitter:twitter.com/StratisticsMRC
LinkedIn: www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile