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News

Commercial aviation flight management system market

Research And Markets : 23 January, 2014  (New Product)
Forecast report details market to 2018 for flight management systems in commercial aviation
Commercial aviation flight management system market

Research and Markets announced the addition of the "2013 Report on the International Commercial Aviation Flight Management Systems Market - Forecasts to 2018" report to their offering.

This report deals with Flight Management Systems (FMS). FMS is concerned mainly with integrating navigation, flight parameters and navigation to achieve a systematic and consolidated auto flight control in order to maximize aircraft efficiency. Flight safety is the major concern of all aircraft operators, as well as the airlines, which demand ongoing improvisation in FMS technology, resulting in the continuing growth of this segment.

One of the biggest challenges for FMS is to enhance aircraft efficiency ensuring better safety. This is done through analysis of inputs according to the changing flight parameters. This will optimize all the aspects of a flight by coordinating with commands of auto pilot and flight director. The aircraft operators always insist on better performance which means fuel efficiency in simpler terms. FMS manufacturers continually improve their technology to cope up with the increased need for proper fuel management. As a result there is a huge increase in investment on improving their operations in order to make air transportation safer and economically viable.

Key Take-Aways:

* The FMS market is expected to grow slow within the study period; but this market is expected to grow huge in the long run
* The market size for FMS is expected to be $1.8 billion in 2018
* There are eight major market players in the world in this market who are mainly located in US and Europe
* There is much focus on the technology part of FMS since Nextgen and SESAR is going to make drastic changes in the global aviation industry
* The market is expected to grow at a CAGR of 3% during the period 2013-2018

The report can be purchased directly from Research and Markets here: "2013 Report on the International Commercial Aviation Flight Management Systems Market - Forecasts to 2018"

 

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