Le Lézard
Classified in: Transportation

Flight Navigation System Market Study 2019: Worldwide Growth, Trends & Forecasts to 2024 - ResearchAndMarkets.com


The "Flight Navigation System Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The global flight navigation system market is anticipated to grow at a CAGR of above 6% during the forecast period.

Key Highlights

Major Market Trends

Civil & Commercial Aviation Segment to Experience the Highest Growth During the Forecast Period

Civil and Commercial Aviation segment of the market currently has the highest share and is expected to grow at the highest CAGR during the forecast period. The major driver for the segment is the growing orders and deliveries of commercial aircraft, that are generating demand for new and advanced navigation and control systems for aircraft. Airbus and Boeing have recorded 800 and 806 deliveries in 2018 with approximately more than 7500 aircraft in order backlogs.

Another major growth factor is the mandated regulations by the regulatory bodies of commercial aviation are making the airlines integrate advanced systems for safety purposes. The development of new systems like ACAS X may further boost the growth of the segment during the forecast period.

Asia-Pacific Expected to Generate the Highest Demand During the Forecast Period

Asia Pacific region is expected to generate the highest demand for the flight navigation system market during the forecast period. This growth in the market follows the growth of the avionics market in the Asia-Pacific region, which, in turn, is due to the growing commercial and military aircraft fleet in the region. China and India are leading the aviation industry (military and commercial) followed by Japan, Australia, South Korea, Indonesia, and the Philippines among others.

There are huge aircraft order backlogs of various countries for various aircraft manufactured by Airbus, and Boeing, which will drive the demand for flight navigation systems in this region. Also, the new aircraft programs like COMAC C919 and C929, Mitsubishi SpaceJet (MRJ), KAI KF-X (IA IF-X), J-31, and AG600 among others are currently in development stages. Such developmental projects are anticipated to generate demand for new positions and navigation systems.

Competitive Landscape

The flight navigation system market is highly fragmented with many suppliers who provide various types of instruments like antennas, gyroscopes, altimeters, sensors, etc. Some of the prominent players in the flight navigation system market are Collins Aerospace, Honeywell International Inc., Northrop Grumman Corporation, Garmin Ltd., and Thales Group.

Collins Aerospace and Honeywell International Inc. are two major companies that offer aircraft navigation aids to commercial segments whereas BAE Systems, Raytheon Company, and Northrop Grumman Corporation among others are some of the prominent companies that provide navigation equipment to military aircraft.

The development of new and advanced positioning systems to accurately locate and navigate the aircraft to its destinations is anticipated to support the company's long-term growth. However, the faulty parts and components manufactured by the companies may lead to accidents and risk the lives of people onboard aircraft. Such situations might hamper the partnerships of the OEMs and component or system providers.

Key Topics Covered

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Buyers/Consumers

4.4.2 Bargaining Power of Suppliers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Civil and Commercial Aviation

5.1.2 Military Aviation

5.2 Flight Instrument

5.2.1 Autopilot

5.2.2 Altimeter

5.2.3 Gyroscope

5.2.4 Sensors

5.2.5 Magnetic Compass

5.3 Systems

5.3.1 Radars

5.3.2 Instrument Landing Systems

5.3.3 Inertial Navigation Systems

5.3.4 Collision Avoidance System

5.3.5 VOR/DME

5.3.6 Global Navigation Satellite System (GNSS)

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 France

5.4.2.3 Germany

5.4.2.4 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 India

5.4.3.3 Japan

5.4.3.4 Rest of Asia-Pacific

5.4.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Collins Aerospace

6.2.2 Honeywell International Inc.

6.2.3 Northrop Grumman Corporation

6.2.4 Garmin Ltd.

6.2.5 Thales Group

6.2.6 Cobham PLC

6.2.7 CMC Electronics Inc.

6.2.8 Raytheon Company

6.2.9 Safran

6.2.10 BAE Systems PLC

6.2.11 L3 Harris Technologies

6.2.12 General Electric

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/k9auuk


These press releases may also interest you

at 19:41
Avcorp Industries Inc. (the "Company", "Avcorp" or the "Avcorp Group") today announced its financial results for the quarter ended June 30, 2020. All amounts are in Canadian currency unless otherwise stated. 2020 Highlights Key financial results...

at 18:58
Automotive Properties Real Estate Investment Trust ("Automotive Properties REIT" or the "REIT") today announced its financial results for the three-month ("Q2 2020") and six-month periods ended June 30, 2020. "The combination of a tenant base...

at 18:35
Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX) reports that the DIP Financing Motion was filed today before H. Judge Shelley C. Chapman of the United States Bankruptcy Court for the Southern District of New York (the...

at 18:00
Randon S.A ? Implementos e Participações , the controlling holding company of twelve companies operating within the segments of vehicles and trailers, auto parts and services, reports its results for the second quarter of 2020 (2Q2020) and first half...

at 17:44
JBT Corporation  announced that on August 13, 2020 its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable on September 8, 2020 to stockholders of record at the close of...

at 17:16
Today, Uber and Lyft drivers with the Drivers Union celebrated the arrival of the final step in Mayor Durkan's Fare Share plan ? a Fair Pay Standard for drivers....



News published on 9 december 2019 at 08:15 and distributed by: