Global Flight Navigation System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Flight Navigation System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global flight navigation system market report has been segmented on the basis of flight instrument, product type, application, and region.
Global Flight Navigation System Market: Overview
The flight navigation system is a system designed to navigate and operate systems in aircraft. It includes processes such as record, control, and plan movement of the aircraft from one point to another. Flight navigation system equipment ensures reliability, accuracy, and precise flying with less interference from the atmosphere.
Global Flight Navigation System Market: Dynamics
Increasing demand for aircraft, owing to growing commercial aviation sector and high preference for air travel among individuals are some of the major factors driving growth of the global flight navigation system market. Growing air traffic and the requirement of efficient air traffic management are also factors supporting growth of the global market. Increasing the demand for next-generation aircraft with advanced technology and design is another factor fueling the growth of the target market. Furthermore, growing adoption of flight navigation system for real-time position monitoring of an aircraft is a factor expected to augment growth of the global flight navigation system market over the forecast period.
However, flight navigation system requires mandatory certification and government regulation are factors that may affect growth of the global flight navigation system market. Nevertheless, growing use of flight navigation system to improve efficiency can create high revenue opportunities for players in the target market.
Global Flight Navigation System Market: Segment Analysis
On the basis of product type, the flight control systems segment is expected to account for a significant share in terms of revenue in the near future. The flight control system includes connecting linkages, cockpit controls, required operating mechanism that is used for controlling the direction of the aircraft. It is a collection of electrical and mechanical instruments which allows the working of the aircraft with high reliability and efficiency.
Among the application segments, the fixed-wing segment dominates the global market in terms of revenue over the forecast period. Fixed wing aircraft are also known as airplanes or planes. They use wings that generate lift by moving aircraft in the forward direction. In the fixed-wing segment, narrow body aircraft sub-segment is anticipated to register high growth in terms of revenue in the near future.
Global Flight Navigation System Market: Regional Analysis
Market in North America expected to accounts for major share in terms of revenue over the forecast period. Presence of key players and increasing investment for the adoption of advanced technology are factors propelling growth of the target market in this region. The market in Asia Pacific is expected to register high growth in terms of revenue in the near future, followed by Middle East & Africa and Latin America. Increasing demand for aircraft and a high number of aircrafts deliveries in countries in this region is a factor supporting growth of the flight navigation system market. Market in Europe is anticipated to register lucrative growth in terms of revenue in the near future.
Global Flight Navigation System Market Segmentation:
Segmentation by Flight Instrument:
- Magnetic Compass
Segmentation by Product Type:
- Flight Management Systems
- Communication, Navigation & Surveillance (CNS) Systems
- Flight Control Systems
Segmentation by Application:
- Regional Aircraft
- Very Large Aircraft
- Wide Body Aircraft
- Narrow Body Aircraft
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Rockwell Collins, Inc.
- Honeywell International Inc.
- Northrop Grumman Corporation
- The Boeing Company
- Raytheon Company
- MOOG, Inc.
- Universal Avionics Systems Corporation
- Esterline Technologies Corporation
- Garmin Ltd.
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