"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Flight Navigation System Market Size, Share, and COVID-19 Impact Analysis, By Component (Autopilot, Altimeter, Gyroscope, Sensors, and Others), By Subsystem (Inertial Navigation System (INS), Global Positioning System (GPS), Flight Management System (FMS), Flight Control System, Communication System, and Others), By Platform (Commercial Aircraft, Helicopter, Military Aircraft, and UAV), By End Users (Civil, Commercial, and Military), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108156 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global flight navigation system market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. The flight navigation system is a set of instruments in a cockpit that assists pilots in navigating the aircraft during the flight. The system typically includes the tools and techniques that help pilots determine their position, course and altitude to plan and execute flight paths.


The demand for air transport will increase by around 4.3% per annum for the next 20 years. The growing demand is attributed to the expansion of aircraft fleet by airlines worldwide. The airlines have been ordering aircraft in bulk to expand their fleet. Recently, in February 2023, Air India ordered 470 Boeing and Airbus aircraft, the highest in the world. This substantial increase in aircraft is expected to drive the flight navigation system market.

The global economies also showed interest in procuring military aircraft also. This is due to the significant increase in defense expenditure of developed and developing economies to strengthen the military powers. This rise in demand is also predicted to fuel the flight navigation system Industry. Furthermore, the rising adoption of unmanned aerial vehicles (UAVs) for military and non-military applications is also anticipated to propel the market growth.

The rising standards and stringent regulations to enhance aircraft safety are expected to restrain the market growth. Additionally, the high cost of sophisticated flight navigation equipment, integration, maintenance, and frequent calibration is predicted to hinder market growth.

Key Insights


The report will include the following key insights:


  • The report analyzes a detailed industry overview, including qualitative and quantitative information.

  • The report analyzes an overview and forecast of the flight navigation system market based on various segments.

  • The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, and Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the flight navigation system market in these regions.


Flight Navigation System Market Regional Analysis


To gain extensive insights into the market, Request for Customization


North America is expected to lead the flight navigation system market during the forecast period. The market dominance is because of significant innovation and the presence of many key players in the flight navigation system Industry space. The region is also a home for major aircraft manufacturers. Europe is expected to have a significant market share, followed by Asia Pacific. The Asia Pacific is expected to grow significantly due to the increasing investments in the in-house development and production of aircraft equipment and the promotion of emerging aircraft component manufacturers in South Asian economies like India and China.

Key Players Covered



  • Northrop Grumman Corporation

  • Honeywell International Inc

  • Collins Aerospace

  • Boeing

  • Airbus

  • Raytheon Technologies

  • RESA

  • Thales Group

  • Safran

  • others


Flight Navigation System Segmentation





















By Component

By Subsystem

By Platform

By End Users

By Geography

 

  • Autopilot

  • Altimeter

  • Gyroscope

  • Sensors

  • Others

  • Inertial Navigation System (INS)

  • Global Positioning System (GPS)

  • Flight Management System (FMS)

  • Flight Control System

  • Communication System

  • Others

  • Commercial Aircraft

  • Helicopter

  • Military aircraft

  • UAV

  • Civil

  • Commercial

  • Military

  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and Rest of the Asia Pacific)

  • Rest of the World (Middle East & Africa and Latin America)

Key Industry Developments



  • In September 2022, U.S. Air Force Life Cycle Management Center (AFLCMC) started developing a next-generation aircraft navigation technology named Resilient Embedded Global positioning system/Inertial navigation system (R-EGI). This system will work as a backup when the traditional GPS system goes unavailable, and its testing will start in 2024.

  • In March 2023, Canada-based CMC Electronics entered a multi-year contract with Sikorsky, which is a Lockheed Martin Company. According to the contract, CMC has to supply CMA-2082MC military flight management system (FMS), which has integrated radio management, for several Sikorsky helicopters.

  • In November 2022, Honeywell Aerospace was one of the fourteen avionics suppliers providing aviation parts for KC-46 aerial tankers in a USD 1.9 billion contract. Honeywell will provide air data inertial navigation system for the KC-46 aircraft.





Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Flight Navigation System Market Report
  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Aerospace & Defense Clients
Dupont
Kaman
Itic
Kojler
Airbus
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X