Global Flight Management Systems Market 2016-2020

The flight management systems market will register a CAGR of over 7% during 2016-2020. This report provides a detailed analysis of the market by aircraft type (narrowbody, widebody, regional jet, and turboprop) and by geography (Americas, APAC, and EMEA). The report also analyzes the market’s competitive landscape and provides information of several companies including Honeywell, Lufthansa, Rockwell Collins, Thales Group, and Universal Avionics.

Flight Management Systems Market Overview

With significant improvements in safety standards of aircraft operations, the FMS market is likely to have a positive outlook in the coming years. As aircraft operations are becoming increasingly dependent on FMS, flight crews and pilots must be well trained and equipped to deal with possible failures. For instance, during 2008, United Airlines Flight 731 experienced a glass-cockpit blackout in which all communications to radios, transponders, traffic alert and collision avoidance system, and attitude indicators were lost. Also, more than half of the electronic centralized aircraft monitor displays failed. However, the presence of backup analog displays for critical flight instruments such as the airspeed indicator and altimeter enabled the pilots to land the aircraft successfully. Moreover, with the increasing adoption of glass cockpit aircraft, which has a lower accident rate compared to conventional planes, will propel the growth prospects for this market until the end of 2020.

In this industry research report, the analysts have estimated factors such as the introduction of autopilot landing system to drive this market’s growth over the next four years. The autopilot landing system enables secure landing of aircraft, during harsh climatic conditions and low visibility. Therefore, it is mostly used at airports that frequently encounter issues with rain, snow, and fog. The autopilot system makes it convenient to monitor and measure the altitude, airspeed, and distance to ensure safe landing of the aircraft. The increasing focus to reduce human error and ensure the safety of the passengers will contribute to the growth of this market in the future.

Flight Management Systems Market: Segmentation by Aircraft Type

• Narrowbody
• Widebody
• Regional jet
• Turboprop

During 2015, the narrowbody segment dominated the market and accounted for more than 56% of the market share in terms of revenue. Factors such as the augmented demand for low-cost, full-service carriers, especially in APAC and the Middle East countries, will aid in this market segment’s growth in the coming years.

Flight Management Systems Market: Segmentation by Geography

• Americas
• APAC
• EMEA

In terms of geography, the APAC region led the global FMS market and is anticipated to reach more than USD 336 million by 2020. The growing demand for air travel in APAC has resulted in close to 9% increase in the passenger traffic since 2014. Also, the increasing preference for air travel has also led to a significant rise in the number of aircraft incidents, which will bolster the adoption of flight management systems in the APAC region.

Flight Management Systems Market: Competitive Landscape and Key Vendors

The global FMS market is highly competitive with the vendors competing on the basis of product quality, reliability, cost, and aftermarket service. To be able to sustain and thrive in the market, it is essential for vendors to provide efficient and high-quality FMS systems with latest the technology and materials. The emergence of such advanced FMS systems and the increasing number of M&As will aid in the growth of this market during the forecast period.

The leading vendors in the market are

• Honeywell
• Lufthansa Systems
• Rockwell Collins
• Thales Group
• Universal Avionics

Other prominent vendors identified in the market are BAE Systems, Esterline Technologies, General Electrics (GE) Aviation, Jeppesen, and Navtech. 

Flight Management Systems Market: Key Questions Answered in the Report

• What will the market size and the growth rate be of the flight management systems market in 2020?
• What are the key factors driving the global FMS market?
• What are the key market trends impacting the growth of the global FMS market?
• What are the challenges to market growth of the flight management systems market?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global FMS market?
• What are the trending factors influencing the market shares of the flight management systems market in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global FMS market?