The Worldwide Flight Management System Market is Projected to reach USD 4.6 Billion by 2028, at a CAGR of 7.2%
Special Offering :
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Flight Management System Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Flight Management System Market size is expected to reach $4.6 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The Control Display Unit (CDU) market is experiencing a CAGR of 7.7% during (2022 - 2028). A CDU is a control panel for advanced autopilots and related equipment, such as automated flight directors (AFDS). The CDU has controls that enable the aircraft's crew to choose which aspects of the flight should be handled automatically. The surging growth of this segment is mainly a result of the high efficiency of this unit in preventing accidents.
The Line Fit market is leading the Global Flight Management Systems (FMS) Market by Fit in 2021; thereby, achieving a market value of $2.8 billion by 2028. The growth of the segment is surging at a rapid pace due to rising demand for contemporary aircraft and an increase in the deployment of Flight Management Systems in the aircraft. Items that the manufacturer installs on the production line are referred to as line-fit.
The Wide Body Aircraft market is exhibiting a CAGR of 7.5% during (2022 - 2028). The rise in the growth of the segment is primarily owing to the high capacity of this type of aircraft. A wide plane with a lot of passenger capacity is referred to a wide-body aircraft. Although they can occasionally be utilized for shorter flights, wide-body aircraft are nearly always used to fly long-range and medium-haul trips.
The North America market is showing high growth in the Global Flight Management Systems (FMS) Market by Region in 2021; thereby, achieving a market value of $1.6 billion by 2028. The Europe market is poised to witness a CAGR of 6.6% during (2022 - 2028). Additionally, The Asia Pacific market is anticipated to witness a CAGR of 8.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/flight-management-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Honeywell International, Inc., General Electric (GE) Co., Thales Group S.A., Garmin Ltd., Universal Avionics Systems Corporation, Leonardo SpA, Lufthansa Systems GmbH & Co. KG, TransDigm Group, Inc., Raytheon Technologies Corporation and The Boeing Company
Global Flight Management System Market Segmentation
By Hardware
- Flight Management Computers (FMC)
- Visual Display Unit (VDU)
- Control Display Unit (CDU)
By Fit
- Line Fit
- Retrofit
By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Honeywell International, Inc.
- General Electric (GE) Co.
- Thales Group S.A.
- Garmin Ltd.
- Universal Avionics Systems Corporation
- Leonardo SpA
- Lufthansa Systems GmbH & Co. KG
- TransDigm Group, Inc.
- Raytheon Technologies Corporation
- The Boeing Company
Related Reports:
North America Flight Management System Market Size by 2028
- August-2022
- 94 Pages
LAMEA Flight Management System Market Size & Share by 2028
- August-2022
- 105 Pages
Europe Flight Management System Market Size & Forecast, 2028
- August-2022
- 104 Pages
Asia Pacific Flight Management System Market Size, Share 2028
- August-2022
- 105 Pages