Global Flight Management Systems Fms And Stable Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 3.57 Billion |
 Market Size (Forecast Year) |
USD 6.57 Billion |
 CAGR |
% |
| Major Markets Players |
Global Flight Management Systems (FMS) and Stable Market, By Fit (Line Fit, Retrofit), Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft), Hardware (Visual Display Unit (VDU), Control Display Unit (CDU), Flight Management Computers (FMC)) – Industry Trends and Forecast to 2031.
Flight Management Systems (FMS) and Stable Market Analysis and Size
Increasing development of glass cockpits resulting in better operational efficiency, rising Demand for next generation flight management system (NG-FMS) and advanced required navigation performance (RNP), increasing growth of the airline industry across the globe, rising fleet orders globally, improved fuel efficiency and flight security along with the reduction in pilot workload, increase in the demand for next-generation aircraft features are some of the major as well as vital factors which will likely to augment the growth of the flight management systems (FMS) and stable market.
Data Bridge Market Research analyzes that the global flight management systems (FMS) and stable market which was USD 3.57 billion in 2023, is expected to reach USD 6.57 billion by 2031, and is expected to undergo a CAGR of 7.9% during the forecast period of 2023 to 2031. In 2023, line fit is dominating the market due to its seamless integration, standardization, certificate compliance and reduced downtime. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Flight Management Systems (FMS) and Stable Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable Years 2016-2021) |
|
Quantitative Units |
Revenue in USD Billion, Pricing in USD |
|
Segments Covered |
By Fit (Line Fit, Retrofit), Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft), Hardware (Visual Display Unit (VDU), Control Display Unit (CDU), Flight Management Computers (FMC)) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Honeywell International Inc. (U.S.), THALES (France), GE (U.S.), Collins Aerospace (U.S.), Transdigm Group, Inc. (U.S.), Garmin Ltd. (U.S.), Universal Avionics Systems Corporation. (U.S.), Jeppesen (U.S.), NAVTECH INC. (U.S.), Lufthansa Systems (Germany), Leonardo S.p.A. (Italy), Black Swift Technologies, LLC. (U.S.), Latitude Technologies Corporation (Canada), Archangel Systems, Inc. (U.S.), Innovative Solutions & Support (U.S.), RMCI - Smarter Solutions for Rotorcraft (U.S.), Smiths Group (U.K.), ITHAKA (U.S.), Airbus S.A.S. (France) |
|
Market Opportunities |
|
Market Definition
A flight management system (FMS) is a dedicated computer system that performs a full range of in-flight tasks, thereby significantly reducing the load of the crew. It is an integrated system of full-flight communication and information management that provides guidance and assistance in navigation, trajectory prediction, and computation of performance and fuel.
Global Flight Management Systems (FMS) and Stable Market Dynamics
Driver
- Rising demand for advanced required navigation performance (RNP)
One of the key factors driving this growth is the rising demand for advanced required navigation performance (RNP) capabilities, which enable aircraft to fly more precise and optimized routes, reducing fuel consumption and emissions. RNP also allows aircraft to access challenging airports and airspace, improving connectivity and reliability. FMS are essential for implementing RNP, as they integrate various sensors and data sources to provide accurate navigation guidance and flight planning. FMS also offer other benefits, such as automation, situational awareness, and performance optimization. Therefore, the demand for FMS is expected to increase across various segments of the aviation industry, such as commercial, military, and business aviation.
Opportunity
- Improved technology for heavy data storage and operational efficiency
One of the key factors that may boost the FMS market is the development of improved technology for heavy data storage and operational efficiency. This technology can enable FMS to handle more complex tasks, such as real-time weather updates, terrain awareness, and traffic avoidance. Moreover, improved data storage can facilitate the integration of FMS with other systems, such as flight control, communication, and surveillance. Therefore, the advancement of technology for data storage and operational efficiency is expected to create new opportunities for the growth of the FMS market.
Restraint/Challenge
- Stringent safety regulations along with vulnerability of FMS to cyber-attacks
One of the challenges that the flight management systems (FMS) market faces is the stringent safety regulations that govern the aviation industry. These regulations require high standards of quality, reliability and security for the FMS products and services, which may increase the cost and complexity of the development and deployment processes. Another challenge is the vulnerability of FMS to cyber-attacks, which may compromise the safety and efficiency of the flight operations. Cyber-attacks can cause data breaches, system malfunctions, or unauthorized access to the FMS functions, which may have serious consequences for the passengers, crew and aircraft. Therefore, the FMS market needs to invest in robust cyber-security measures and solutions to protect the FMS from potential threats.
This flight management systems (FMS) and stable market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flight management systems (FMS) and stable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In May 2022, Thales has been selected by Airbus to equip its commercial airliners with the most powerful and innovative flight management system on the market. The new flight management system (FMS), which is based on the PureFlyt product and has been adapted to meet the specific needs of Airbus, will be developed by Thales to equip Airbus commercial airliners, and in particular the A320, A330 and A350, with service entry planned for the end of 2026
Global Flight Management Systems (FMS) and Stable Market Scope
Flight management systems (FMS) and stable market is segmented on the basis of fit, aircraft type and hardware. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Fit
- Line Fit
- Retrofit
Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
Hardware
- Visual Display Unit (VDU)
- Control Display Unit (CDU)
- Flight Management Computers (FMC)
Global Flight Management Systems (FMS) and Stable Market Regional Analysis/Insights
The flight management systems (FMS) and stable market is analysed and market size, volume information is provided by country, fit, aircraft type and hardware as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the surging levels of investment for the development of innovative technologies while Asia-Pacific is expected to grow in the market due to the growth of the commercial low-cost carriers along with rise in aircraft orders and deliveries as well the need for technologically advanced flight management systems in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Flight Management Systems (FMS) and Stable Market Share Analysis
Flight management systems (FMS) and stable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to flight management systems (FMS) and stable market.
Some of the major players operating in the flight management systems (FMS) and stable market are:
- Honeywell International Inc. (U.S.)
- THALES (France)
- GE (U.S.)
- Collins Aerospace (U.S.)
- Transdigm Group, Inc. (U.S.)
- Garmin Ltd. (U.S.)
- Universal Avionics Systems Corporation. (U.S.)
- Jeppesen (U.S.)
- NAVTECH INC. (U.S.)
- Lufthansa Systems (Germany)
- Leonardo S.p.A. (Italy)
- Black Swift Technologies, LLC. (U.S.)
- Latitude Technologies Corporation (Canada)
- Archangel Systems, Inc. (U.S.)
- Innovative Solutions & Support (U.S.)
- RMCI - Smarter Solutions for Rotorcraft (U.S.)
- Smiths Group (U.K.)
- ITHAKA (U.S.)
- Airbus S.A.S. (France)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
