In the North American region increasing technology innovation is the prime factor affecting the demand of the market. North America held a considerable share in 2020 in the global flight management system market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The global flight management system market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Additionally, it also increases the situational awareness along with supporting the pilot with more time in order to make an effective decision by analyzing, that is also acting as a driving factor for the growth of the market. This system with the supports of navigation aids updates the position of aircraft constantly. The FMC is considered to be a computer system that utilizes a large database that is enabled by the means of a data loader. Global Flight Management System Market Share by Hardware 2020 (%)īy hardware, the flight management computer (FMC) has a significant share in the market. By maintenance, the market is segmented into line-fit and retro-fit.įurther, by hardware, the market is segmented into flight management computer (FMC), visual display unit (VDU) and control display unit (CDU). Based on type, the market is segmented into very large aircraft, wide body aircraft, narrow body aircraft and regional transport aircraft. The market is segmented based on type, maintenance and hardware. Additionally, changing customers demand and due to lack of workforce, delayed in delivery of new aircraft was observed owing to COVID-19 pandemic. 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. The COVID-19 pandemic had brought a lot of disruption across the globe. The global flight management system market is hardly hit by the COVID-19 pandemic since December 2019. Impact of COVID-19 Pandemic on the Global Flight Management System Market The flight control system will play an effective role in ensuring smooth and comfortable air travel for the passengers. had selected lilium in order to make 7-Seater Lilium Jet's avionics along with flight control systems. For instance, in June 2021, Honeywell International Inc. New product launches in the market are likely to drive the growth of the global flight management system 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.įurther, 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. 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. Rising and improving standards associated with safety is one of the prime factors affecting and driving the market. The global flight management system market is growing at a considerable CAGR of 6.1% during the forecast period.
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