Flight Navigation System Market Projected To Rise at CAGR of 7%| Global Air Navigation Industry Forecast 2019-2025
Flight Navigation System Market Research Report 2019: Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Flight Instrument (Altimeter, Gyroscope, Autopilot, Sensors, and Magnetic Compass), Product (Flight Control System, CN&S, and Flight Management System), Application (Fixed-Wing and Rotary-Wing) and Region- Forecast till 2025
Pune , India – September 9, 2019 /MarketersMedia/ —
Rising Air Traffic to Encourage Growth of Flight Navigation System Market
A report published by Market Research Future (MRFR) suggests that the global flight navigation system market, which valued at USD 13,622.93 Mn in 2018, is expected to strike a CAGR of 7% across the assessment period 2019 to 2025.
Collins Aerospace (US), Northrop Grumman Corporation (US), Honeywell International Inc (US), Raytheon Company (US), MOOG, Inc. (US), Boeing (US), Universal Avionics Systems Corporation (US), Garmin Ltd. (US), Safran (France), and Esterline Technologies Corporation (US) are some of the major participants of the global flight navigation system market profiled in this MRFR report.
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These systems are effective in offering accurate location services to pilots. Increasing air traffic is expected to boost the demand for these systems over the next couple of years. In addition, the rising demand for passenger safety is likely to propel the expansion of the flight navigation system market in the forthcoming years. The rise in accidents of aircraft is expected to impact the expansion of the market favorably in the foreseeable future.
Factors such as increasing investments are airport establishments, growing fleet size across the aviation industries in different regions, and modernization of aircraft, etc. are poised to revolutionize the growth trajectory of the flight navigation system market in the nearby future. However, strict laws regarding these systems are poised to restrict market growth over the assessment period.
Intended Audience
• Flight navigation system manufacturers
• Aircraft manufacturers
• Airline companies
• Technology companies
• Government authorities
• Research institutes
• Regulatory bodies
Market Segmentation:
On the basis of flight instrument, the Global Flight Navigation System Market has been segmented into altimeter, autopilot, gyroscope, sensors, and magnetic compass. Among these, the altimeter segment presently accounts for a dominant share of the global market and is projected to exhibit a relatively higher CAGR through the assessment period. The rising demand for enhanced safety and accuracy is likely to catalyze the growth of the segment over the next few years.
On the basis of product, the segments of the flight navigation system market include flight control system, communication navigation, and surveillance (CN&S) system, and flight management system. The flight control system segment is, at present, dominating the market and is assessed to witness the highest growth rate over the next couple of years. Increasing demand for advanced navigation systems is projected to boost the growth trajectory of the segment in the foreseeable future.
On the basis of application, the global flight navigation system market has been bifurcated into fixed-wing and rotary-wing. Among these, the fixed-wing segment has been dictating the growth of the market in 2018. It is poised to register a relatively higher ACGR over the assessment period. Factors such as higher capacity, lower maintenance costs, and longer flight range are presumed to favor the expansion of the segment over the next couple of years.
Regional Analysis:
The geographical evaluation of the global flight navigation system market is offered in this report on both regional and country-level basis. The key regions identified in this MRFR report are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America. North America held the maximum market share in 2018 and is expected to maintain a prominent position in the global market place over the next few years. A considerable fraction of the market leaders is based out of the region, which is expected to encourage the growth of the flight navigation system market in the years to come.
Asia Pacific is set to exhibit a steep rise in the growth curve at the higher CAGR over the assessment period. Increasing adoption of these navigation systems being witnessed in emerging economies such as China and India are poised to lead the growth pattern of the regional market over the next couple of years. Factors such as rising air traffic and technological developments are further poised to develop the market in the forthcoming years.
Key Insights
• Market sizing, forecast, and analysis: Detailed coverage of the market segment and sub-segments
• Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
• Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
• Technology trends, regulatory landscape, and patent analysis outlook
• Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
Browse Complete Report “Flight Navigation System Market Research Report – Global Forecast till 2025” @ https://www.marketresearchfuture.com/reports/flight-navigation-system-market-1633
List of Tables
Table 1 Global Flight Navigation System Market, by Region, 2019–2025
Table 2 North America: Flight Navigation System Market, by Country, 2019–2025
Table 3 Europe: Flight Navigation System Market, by Country, 2019–2025
Table 4 Asia-pacific: Flight Navigation System Market, by Country, 2019–2025
Table 5 Middle East & Africa: Flight Navigation System Market, by Country, 2019–2025
Table 6 Latin America: Flight Navigation System Market, by Country, 2019–2025
Table 7 Global Flight Navigation System Market Size, by Region, 2019–2025
Table 8 North America: Flight Navigation System Market Size, by Country, 2019–2025
Table 9 Europe: Flight Navigation System Market Size, by Country, 2019–2025
Table 10 Asia-pacific: Flight Navigation System Market Size, by Country, 2019–2025
Continued……..
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Flight Navigation System Market Share, by Flight Instrument, 2018 (%)
Figure 9 Global Flight Navigation System Market, by Flight Instrument, 2019–2025 (Usd Million)
Figure 10 Global Flight Navigation System Market Share, by Product, 2018 (%)
Continued………
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/flight-navigation-system-market-1633
Source: MarketersMedia
Release ID: 88917100
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