At A CAGR Of 7.24% , Global Flight Management Systems Industry will rise in the period of 2017-2020
FMS is a major component, which is used to operate, control, and monitor the aircraft without continuous supervision by the pilot to enhance its capabilities. It is a specialized computer system that automates a wide variety of in-flight tasks, reduces the aircraft weight and information-management workload, enables power saving, and allows easier interaction with air traffic control to avoid accidents. It reduces overall operating costs and results in the faster training of new pilots. FMS also improves the functionality and accuracy along with enhanced situational awareness and safety of both the pilot and the aircraft. In addition, advanced touchscreen displays for FMS are gaining popularity in commercial aircraft market.
Technavios analysts forecast the global FMS market to grow at a CAGR of 7.24% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global FMS market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Flight Management Systems (FMS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Honeywell International
Lufthansa System
Rockwell Collins
Thales Group
Universal Avionics
Other prominent vendors
BAE System
Esterline Technologies
GE Aviation
Jeppesen
Navtech
Market driver
Improved safety standards
For a full, detailed list, view our report
Market challenge
Safety hazards of digital cockpit systems
For a full, detailed list, view our report
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Market trend
Emergence of automatic ground collision avoidance system
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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