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DUBLIN--(BUSINESS WIRE)--Nov 18, 2022--
The "Global Flight Management System Market Research and Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global flight management system market is growing at a considerable CAGR of 6.1% during the forecast period. Rising and improving standards associated with safety is one of the prime factors affecting and driving the market.
Companies Mentioned
Increasing government spending along with growing requirement for efficient fuel management is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, limited data storage and delay in new aircraft order is the major factors constraints that are hindering the growth of the global flight management system market across the globe.
Further, the growing adoption of auto-ground collision avoidance system (GCAS) along with rising R&D in the avionics and aviation industries are some of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global flight management system market. For instance, in June 2021, Honeywell International Inc. had selected lilium in order to make 7-Seater Lilium Jet's avionics along with flight control systems. The flight control system will play an effective role in ensuring smooth and comfortable air travel for the passengers.
Impact of COVID-19 Pandemic on the Global Flight Management System Market
The global flight management system market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had brought a lot of disruption across the globe. Due to COVID-19 pandemic the key player present in the industry are adopting various strategies and also taking the support of government in order to overcome the difficulties. Additionally, changing customers demand and due to lack of workforce, delayed in delivery of new aircraft was observed owing to COVID-19 pandemic.
Segmental Outlook
The market is segmented based on type, maintenance and hardware. Based on type, the market is segmented into very large aircraft, wide body aircraft, narrow body aircraft and regional transport aircraft. By maintenance, the market is segmented into line-fit and retro-fit.
Further, by hardware, the market is segmented into flight management computer (FMC), visual display unit (VDU) and control display unit (CDU).
Regional Outlooks
The global flight management system market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global flight management system market.
In the North American region increasing technology innovation is the prime factor affecting the demand of the market. Additionally, growing demand for commercial aircraft in order to control the air traffic in the countries such as the US and Canada and the presence of the key market players in the region that includes Boeing and General Electric among others are some of the other factors that are driving the growth of the market.
The Report Covers
Key Topics Covered:
1. Current Industry Analysis and Growth Potential Outlook
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Fullerene Market by Product
4.1.1. C60
4.1.2. C70
4.1.3. Others
4.2. Global Fullerene Market by Application
4.2.1. Pharmaceutical
4.2.2. Electronics
4.2.3. Aviation & Aerospace
4.2.4. Energy
4.2.5. Others
5. Regional Analysis
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/23hjee
View source version on businesswire.com:https://www.businesswire.com/news/home/20221118005190/en/
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INDUSTRY KEYWORD: TRANSPORT AIR
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/18/2022 05:41 AM/DISC: 11/18/2022 05:41 AM
http://www.businesswire.com/news/home/20221118005190/en