This report from Stratview Research analyses the Flight Management Systems Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Flight Management Systems Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Flight Management Systems Market is no different. Derived from the previous market scenario, the Flight Management Systems Market is likely to witness an impressive CAGR of 7.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Flight Management Systems Market Share: By Fit Type
Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment accounted for the largest market share in 2018, and is expected to maintain its dominance during the forecast period. The growth of this segment is owing to the rise in aircraft orders as well as deliveries across the globe.
Flight Management Systems Market Share: By Hardware Type
Based on the hardware type, the market is segmented as visual display unit (VDU), control display unit (CDU), and flight management computers (FMC). The flight management computers segment is likely to witness the highest growth, driven by the increase in the demand for technologically advanced and lightweight flight management systems.
Click below to run through the detailed ToC of the report:
Flight Management Systems Market Share: By Aircraft Type
Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional transport aircraft. The very large aircraft segment is estimated to depict the highest growth during the forecast period. The key factors bolstering the growth of this segment are the need for long distance travel, upsurge in demand for higher capacity aircraft, and the rise in global air travel.
Flight Management Systems Market Share: By Region
In terms of regions, the North American and the European flight management system markets held the largest market share in 2018, and are expected to command the global market during the forecast period. Asia-Pacific is estimated to be the fastest-growing market, driven by the growth of the commercial low-cost carriers in the region. The need for technologically advanced flight management systems along with the increase in aircraft orders and deliveries are the prime drivers for the growth of the flight management systems market in this region. China and India are the growth engines of the region.
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About Stratview Research
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