Flight management systems market is estimated to register a CAGR of more than 6% during the forecast period of 2018 to 2027
Flight management systems are an important part of the avionics systems on modern planes. This is a special computerized programme that performs various in-flight operations, such as reducing the burden of the aircraft crew’s navigators or flight engineers. The flight management system’s primary function is in-flight control and flight planning, which is accomplished through the use of various sensors such as global positioning systems (GPS) and inertial navigation systems (INS), among others. Furthermore, the manufacturing economy of flight management systems market would benefit greatly from the demand for efficient fuel control and falling crude oil prices.
Secondary research is used to collect data on key vendor revenues, which is then used to approximate and forecast the flight management systems market. In order to segment the market, the vendor offerings are also taken into account. The revenue of the key market players was used to calculate the overall revenue potential using the bottom-up procedure. After determining the overall market size, the total market was divided into several segments and sub-segments, which were then verified through basic research, which also included conducting extensive interviews with key people such as CEOs, vice presidents, directors, and executives, among others.
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The engine and airframe controls are used to maintain the vertical, horizontal, and navigational elements of each aircraft flight. Thousands of scheduled flights with predetermined operating parameters are stored in the FMC’s database and can be selected and executed. The FMS can use integration NAV-COM aids to change radio frequencies as the flight plan is executed. FMS includes BITE, just like the monitoring systems. During operation, the FMC continuously monitors all of its systems and inputs for faults. The flight management computer (FMC), automatic flight control system (AFCS), aircraft navigation system, and electronically controlled instrument system are the four main components.
Furthermore, rising investment in research & development efforts, as well as rising demand for modern aircraft, are allowing the market to expand. The government, as well as private enterprises, are investing in R&D activities in order to develop more innovative and advanced Flight Management Systems, and the government has also implemented policies that encourage investment in the aircraft industry.
Based on component, the flight management systems market is divided into control display unit (CDU), flight management computer (FMC), and multi-function display (MFD). The flight management computer segment is estimated to account for the largest market share while the control display unit segment is projected to witness a higher CAGR during the forecast period. The control display unit provides the primary human/machine interface for data entry and information display. It also allows the flight crew to select the various flight management system operating modes.
By Aircraft Type
The geography segment includes North America, Europe, Asia-Pacific, the Middle East, Africa, and Latin America. North America and Europe dominated the global flight management systems market in 2016 and are anticipated to remain so during the forecast period. Due to the expansion of commercial low-cost carriers in the region, Asia-Pacific is the speediest market. The demand for technologically advanced flight management systems, as well as an increase in aircraft orders and deliveries, are driving the growth of the flight management systems industry in the region.
For A400M customers, Thales and Airbus have introduced a new Flight Management System (FMS) Training Service. This service offers pilots a complete solution for comprehending all tactical aspects of the FMS in order to ensure mission readiness and success.
Flight Management Systems Market by Component (Control Display Unit, Flight Management Computer and Multi-Function Display), by Fit (Line-Fit and Retrofit), by Aircraft Type (Narrow-Body, Wide-Body and Others), and by Region — Global Forecast till 2027 @ https://www.marketresearchfuture.com/reports/flight-management-systems-market-7340