Flight Navigation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
- Defense and Security
Flight Navigation System Market: Overview
The global flight navigation system market is experienced a steady growth throughout the forecast period from 2015 to 2021. The flight navigation management system market is highly competitive, with a limited number of market players. This system accommodates navigation and performance with aircraft system operations and integrates all the major functions starting from engine start and departs to landing and engine shut-down. Apart from this, NextGen system of flight navigation is expected to resolve the future of aircraft. The flight navigation system market is expected to grow with a steady growth rate in short period of time. However, in the long run, the market is expected to have huge ample opportunities. The technological transformation in the aircraft industry is the major driving factor behind the growth of this market.
Major market players adopted some market strategies to increase their market share and expand their global presence includes agreements, partnerships, mergers, acquisitions, joint ventures, collaborations and new product launches. Growing demand for better fuel management system associated with high growth in emerging markets has encouraged companies to adopt these growth strategies. Leading market players are focusing launching new innovative products to enter into new markets.
Flight Navigation System Market: Segmentation
The global flight navigation system market is segmented into product types, flight instruments, applications and navigation systems for unmanned aircraft systems, and geography. The product type is categorized on the basis of communications systems and avionics systems. The communication systems are segmented into automatic dependent surveillance, portable avoidance collision system, aircraft communication addressing and reporting systems, and aircraft transponders. In addition, the communication device by type is segmented into satellite and air band radio. Furthermore, on the basis of avionics systems, the market is segmented into hyperbolic navigation systems, radar, VOR/DME, INS, GNSS, ILS, Doppler Navigation system, Automatic Direction Finder, FMS, and heads-up display.
Based on different technological trends, the global flight navigation system market is bifurcated into inertial reference systems, performance-based navigation and replacing marker beacons by DME. On the basis of flight instruments, the market is segmented into gyroscope, altimeter, magnetic compass, autopilot and sensors. Sensors are further bifurcated into air speed indicator, pitot tube, vertical speed indicator. On the basis of application, the global flight navigation system market is categorized into rotary wing and fixed wing. Navigation system for unmanned aerial systems is segmented into satellite based long range uav, line of sight/ visual navigation & control, sense and avoid navigation. The regional-wise analysis includes product-level segmentation across four geographic regions which constitute North America, Europe, Asia Pacific and rest of the World.
Flight Navigation System Market: Key Players
Some of the key players operating in the flight navigation system market are Rockwell Collins (U.S.), Honeywell International Inc. (U.S.), Northrop Grumman Corporation (U.S.) and Raytheon Company (U.S.). These are the major players dominates this market at present and is expected to strengthen their market positions globally over the forecast period. Other significant key players in the global flight navigation systems market are Moog Inc (U.S.), Universal Systems Avionics Corporation (U.S.), Sagem (France), Esterline Technologies Corporation (U.S.), General Electric, Garmin Ltd, Jeppesen Inc, Lufthansa Systems and Navtech, Thales Group, Garmin Ltd. (Switzerland) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.