Market Overview:
The global flight management systems (FMS) market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$
3.9 Billion by 2028, exhibiting a growth rate (CAGR) of
2.3% during 2023-2028.
A flight management system (FMS) is a specialized computer system that performs a complete range of in-flight tasks, thus significantly reducing the crew load. It is an integrated, full-flight communication and information management system that provides guidance and aids in navigation, trajectory prediction, and performance and fuel computations. In-flight management and flight planning through various sensors such as inertial navigation systems (INS) and global positioning systems (GPS) are some of the other functions of FMS.
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
A thriving aviation industry along with an increase in the demand for next-generation aircraft features is a key factor driving the market growth. For instance, improved fuel efficiency and flight security along with the reduction in pilot workload are some of the key benefits offered by FMS, owing to which its demand is rapidly increasing. Moreover, Next Generation Flight Management Systems (NGFMS) are being introduced, that streamline air traffic management, reduce direct operational costs and enhance the overall safety of the aircraft. Furthermore, there is a significant growth in the number of airlines across the globe which now connect even the remotest regions to the world. This has led to the launch of several modern aircraft, thus leading to the widespread incorporation of FMA, which is contributing positively to the market growth. Apart from this, other benefits such as enhanced navigation, lower power consumption and reduced weight, and glass cockpits resulting in better operational facilities are also driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flight management systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on fit, aircraft type and hardware.
Breakup by Fit:
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Aircraft Type:
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
Breakup by Hardware:
- Visual Display Unit
- Control Display Unit
- Flight Management Computers
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International Inc., Thales Group, General Electric Company, Rockwell Collins, Esterline Technologies Corporation, Garmin Ltd., Universal Avionics Systems Corporation, Jeppesen Sanderson, Inc., Navtech, Inc., Lufthansa Systems GmbH & Co. Kg, Leonardo-Finmeccanica Spa, etc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
Units |
US$ Billion |
Segment Coverage |
Fit, Aircraft Type, Hardware, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Companies Covered |
Honeywell International Inc., Thales Group, General Electric Company, Rockwell Collins, Esterline Technologies Corporation, Garmin Ltd., Universal Avionics Systems Corporation, Jeppesen Sanderson, Inc., Navtech, Inc., Lufthansa Systems GmbH & Co. Kg and Leonardo-Finmeccanica Spa |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |