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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


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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.





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Flight Navigation System Market Report
  • Ongoing
  • 2023
  • 2019-2022
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