Flight Management System Market Worth $912 Million By 2020 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Mon, Mar 16, 2015

Flight Management System Market Worth $912 Million By 2020

Expected To Grow By Over Seven Percent Annually

A new report indicates that the global flight management system market ... estimated to be $601.36 million in 2014 ... to register a CAGR (Compound Annual Growth Rate) of 7.19% to reach $912.2 million by 2020.

"Flight Management System Market by Cockpit Architecture (VLA, WB, NB, and RTA), Hardware (FMC, CDU, and VDU), Maintenance (Line-fit and Retrofit) & by Geography (North America, Asia-Pacific, the Middle East, and Europe) - Forecast Analysis to 2014 - 2020" has been published by ASDReports. Analysts found that the need for a fuel efficient system boosts the flight management system market.

The increasing demand for a better fuel management system and increased deliveries, as well as high growth in the emerging market has encouraged the company to adopt growth strategies. Market players are focusing on entering new markets by launching new innovative products. Honeywell (U.S.), Thales SA (France), and GE (U.S.) are some of the leading players that adopted this strategy in order to develop their business.

Of the regions considered for this market, Asia-Pacific contributes the largest portion of the market share of the total market. With APAC being the largest growing economies in the world, aircraft deliveries will increase that will further increase the air traffic.

As the global economy remains unstable and there is unhealthy growth in several sectors, the Gulf Corporation Council (GCC) region is witnessing massive growth in the aviation industry. As per secondary sources, the Middle East-based airlines currently account for 8% of the global air transport industry.

A viable aviation sector is essential to the sustainable growth of the European economy. Market liberalization in Europe has been a major factor in maintaining buoyancy in the market. The most important regions are Intra-European, North Atlantic, and Europe. Rising consumer spending and employment growth are expected to support the continued demand growth of efficient aircraft in future.

The introduction of new aircraft will enable airlines to strengthen their existing competitive strategies and may allow them to develop capabilities that enable new ways to grow in the market. The delivery of upcoming aircraft such as B737max, B787-9, A320neo, A380, and C919 drives the market of technologically advanced flight management systems.

The rising demand for performance-based navigation, which includes preparing user-defined flight plans and efficient fuel management during the flight are important functions of FMS, which play a fair role in increasing its demand for the wide body aircraft. The demand for wide body aircraft is increasing substantially across the globe due to a rise in passenger traffic. The increasing connectivity between the important geographical locations of growing regions and the most developed urban regions has led to an increase in the demand for fuel efficient aircraft in order to reduce the cost per seat of travelling.

In 2013, 275 wide body aircraft was delivered and about 7,960 are expected to be delivered by 2033. The growth in delivery demand of these aircraft will be accompanied by the increasing demand of flight management systems for these aircraft. The flight management system market for wide body aircraft is estimated to grow at a CAGR of 7.28% from 2014 to 2020. The Asia-Pacific region is projected to dominate the FMS market in this category as it holds the maximum share of the flight management system for wide body aircraft.

(Images from file)

FMI: www.asdreports.com

Advertisement

More News

Airborne 07.02.25: TikToker Arrested, Vietnam A/L Ground Hit, ATC Modernization

Also: Outlaw Prop 4 Mooney, Ready 4 Duty, Ukrainian F-16 Pilot Lost, Blue Origin Flt On his journey to become the first pilot to land solo on all seven continents, 19-year-old Etha>[...]

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]

ANN's Daily Aero-Term (07.07.25): Discrete Code

Discrete Code As used in the Air Traffic Control Radar Beacon System (ATCRBS), any one of the 4096 selectable Mode 3/A aircraft transponder codes except those ending in zero zero; >[...]

Classic Aero-TV: DeltaHawk Aero Engine Defies Convention

From 2023 (YouTube Edition): Deviation from the Historical Mean Racine, Wisconsin-based DeltaHawk is a privately-held manufacturer of reciprocating engines for aircraft and hybrid >[...]

ANN's Daily Aero-Linx (07.07.25)

Aero Linx: Formation and Safety Team (F.A.S.T.), USA The Formation and Safety Team (FAST) is a worldwide, educational organization dedicated to teaching safe formation flying in Wa>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC