DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2wppdh/commercial_flight) has announced the addition of the "Commercial Flight Management Systems Market - North America by Cockpit Architecture, Hardware Forecast and Analysis to 2019" report to their offering.
FMS has become a fundamental component of every aircraft's cockpit as it is the primary interface for the pilot, which enables flight planning operations, thus increasing safety by enabling flight plan displays. The system also includes aeronautical navigation database for controlled flight operations, globally, increasing fuel and time efficiency by optimizing route plans for any airport with no costly ground-based infrastructure.
The growth of the flight management systems market has been primarily triggered by an increase in aircraft deliveries in both developed and developing nations, the need for real-time information sharing and collaboration, and an introduction of technologically advanced systems to reduce the fuel burn. However, factors such as slow economic growth, aircraft cancellation orders, and limited data storage capacity restrain the growth of this market. The North American flight management systems market is currently valued at $119.06 million. The market is expected to grow in tandem with growth in the aviation sector.
The market has been broadly segmented into very large aircraft, narrow body aircraft, wide-body aircraft, and regional transport aircraft, on the basis of cockpit architecture of an aircraft. Narrow body aircraft (NBA) led the segment in 2014, with a 63.9% share. The market for flight management system in NBA is projected to reach $108.10 million at a CAGR of 7.25% through the forecasted period.
The North American flight management system market, by hardware, is broadly classified into visual display unit, flight management computer, and control display unit. The visual display unit market accounted for a share of 39.70% of the North American flight management system market in 2014. However, the market for control display unit is projected to grow at a higher CAGR of 7.51% from 2014 to 2019. The flight management system is like the global positioning system (GPS) in devices, with waypoints programmed in between the origin and the destination. The FMS will allow the airplane to hook up [the routing with] the autopilot and maintain the heading within a few feet.
The key players in North America flight management system markets include Honeywell International Inc. (U.S.), General Electric Company (U.S.), Esterline Technologies Corporation (U.S.), and Rockwell Collins (U.S.), Thales Group (France) and Universal Avionics Systems Corporation (U.S.) among others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Flight Management System, By Cockpit Architecture
6 North America Commercial Flight Management Systems Market, By Hardware Type
7 North America Commercial Flight Management Systems Market, By Geography
8 North America Commercial Flight Management Systems Market: Competitive Landscape
9 Commercial Flight Management Systems Market, By Company
- Esterline Technologies Corporation
- Garmin Limited
- General Electric Co.
- Honeywell International, Inc.
- Lufthansa Group
- Navtech, Inc.
- Rockwell Collins, Inc.
- Thales Group S.A
- Universal Avionics Systems Corporation
For more information visit http://www.researchandmarkets.com/research/2wppdh/commercial_flight
