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Europe Flight Management Systems Market is Expected to Reach $560 Million in 2028 - New Report by MicroMarket Monitor
Date:8/5/2014

(PRWEB) August 05, 2014

The European commercial aviation flight management systems (FMS) market was estimated at $498 million in 2013 and it is expected to reach $560 million by 2018. Europe is expected to be the fastest-growing region in the FMS market at a CAGR of 3%.

Browse through the TOC of the Europe commercial aviation flight management systems market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the European market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/europe-flight-management-systems-8672138564.html

The report deals with FMS, which mainly aims at integrating navigation and flight parameters to get systematic and consolidated auto flight control, which maximizes aircraft efficiency. Flight safety is the major concern of all aircraft operators as well as airlines, which demand improvisation in FMS technology every year, resulting in the growth of this segment.

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The major task of FMS is to enhance aircraft efficiency ensuring better safety, which is done with the help of analyzing inputs according to changing flight parameters. This will optimize all aspects of a flight by coordinating with auto pilot and flight director commands. Aircraft operators always insist on better performance, which means fuel efficiency in simpler terms. FMS manufacturers keep improving the technology to cope with the increased need for proper fuel management. As a result, there is a huge increase in investments to improve their operations in order to meet the needs of growing traffic to make air transportation safer and economically viable.

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This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in this market.

Related Reports:

North America Flight Management Systems Market
A flight management system (FMS) is the core of every aircraft today. Flight management systems control a majority of tasks that were performed manually earlier, such as navigation and managing flight plans. A flight management system has a navigation database which helps pilots by directing flights to their respective destinations.The flight management systems market is expected to grow slowly within the study period (2013-2018). The market currently is pegged at $959.40 million and is expected to grow to $1,008.6 million by 2018. The market is expected to grow at a CAGR of 3.00% during this period. Though slow-growing, this market will expand greatly in the long run.

This report provides an in-depth analysis of the North American flight management systems market. It also provides an insight into the regional trends to analyze the market share.The North American commercial aviation flight management systems market is segmented on the basis of aircraft types and geography. Aircraft types are categorized into Very Large Aircraft (VLA), Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), and Regional Transport Aircraft (RTA).
http://www.micromarketmonitor.com/market/north-america-flight-management-systems-5545315829.html

Asia-Pacific Flight Management Systems Market
A flight management system (FMS) is the core of every aircraft today. Flight management systems control a majority of tasks that were performed manually earlier, such as navigation and managing flight plans. A flight management system has a navigation database which helps pilots by directing flights to their respective destinations.The Asia-Pacific commercial aviation flight management systems market is expected to grow slowly during the study period (2013-2018). The market estimated at $56.30 million in 2013 and the market is expected to be $65.20 million by 2018. It is expected to grow at a CAGR of 3.00% during this period. Though slow-growing, this market will expand greatly in the long run.

This report provides an in-depth analysis of the APAC flight management system. It also provides an insight into the regional trends to analyze the market share.The APAC commercial aviation flight management systems market is segmented on the basis of aircraft types and geography. Aircraft types are categorized into Very Large Aircraft (VLA), Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), and Regional Transport Aircraft (RTA).

With the increase in global air travel, the major challenge for airlines is the lack of control of aircraft paths. Airlines are investing to compete with the other players in the market. Almost all the major carriers are expanding their fleet size as the air traffic ratio has increased and they need more aircraft to satisfy passengers. This will drive the growth of flight management systems in APAC. Technological advancement in flight management systems will increase the efficiency and effectiveness of the equipment.
http://www.micromarketmonitor.com/market/asia-pacific-flight-management-systems-3451985011.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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