Flight management systems market and Technology Analysis

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MarketsandMarkets Presents
Flight Management Systems Market by Hardware
(Control Display Unit, Visual Display Unit,
Flight Management Computer), Aircraft Type (NBA,
WBA, VLA, RTA), Fit (Line Fit, Retrofit) and
Region - Global Forecast to 2021 The flight
management systems market is projected to grow
from USD 2.31 Billion in 2016 to USD 3.13 Billion
by 2021, at a CAGR of 6.23 during the forecast
period. Various factors, such as demand for next
generation flight management systems and advanced
required navigation performance, development of
glass cockpits resulting in better operational
efficiency, significant growth in airline
industry worldwide, and augmented fleet orders
globally are expected to drive the flight
management systems market.
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Line Fit is expected to grow at the highest rate
in the flight management systems market The
global flight management systems market has been
segmented and analyzed in terms of two types,
namely, line fit and retrofit, wherein, the line
fit segment dominates the overall market in terms
of market size, and is expected to exhibit a
similar trend during the next five years owing to
the rise in aircraft orders and deliveries
worldwide. It has also been noticed that in
emerging countries such as India and China, there
has been an increase in passenger travel, giving
rise to low-cost carriers. Sample pages of the
Report http//www.marketsandmarkets.com/requests
ample.asp?id1105 The flight management
computers segment is expected to exhibit the
highest growth during the forecast period The
global flight management systems market, by
hardware has been segmented into visual display
unit, control display unit, and flight management
computers. The flight management computers
segment is estimated to register the highest CAGR
owing to the increase in demand of
technologically advanced as well as lightweight
flight management computers. The market for
flight management computer hardware is largest in
North America and Europe, owing to the rise in
the demand for next generation flight management
systems and advanced required navigation
performance systems.
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The market in the APAC region is expected to grow
at the highest rate during the forecast
period The market in APAC is expected to grow at
the highest CAGR between 2016 and 2021 owing to
the increase in aircraft orders as well as
deliveries in emerging economies such as India
and China. The rise in low-cost carriers as well
as the need of technologically advanced flight
management systems is also an important factor
which is the fueling the growth of the market in
this region. Report Information
http//www.marketsandmarkets.com/Market-Reports/f
light-management-systems-market-1105.html
Honeywell International Inc. (U.S.) is one of
the key players in the flight management systems
market. The other major players in this market
include Thales Group (France), General Electric
Company (U.S.), Leonardo-Finmeccanica S.p.A
(Italy), Rockwell Collins (U.S.), Esterline
Technologies (U.S.), Garmin Ltd. (Switzerland),
Universal Avionics Systems (U.S.), Lufthansa
Systems (Germany), Jeppesen Sanderson, Inc.
(U.S.), and Navtech, Inc. (Canada).
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