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North America Flight Management Systems Market Is Expected to Reach $1008.6 million in 2018 - New Report by MicroMarket Monitor
Date:8/5/2014

(PRWEB) August 05, 2014

The North America commercial aviation flight management systems market under commercial aviation was estimated at $931.50 million in 2013, and is expected to reach $1008.6 million by 2018. North America is expected to be the fastest growing region in the commercial aviation flight management systems at a CAGR of 3%.

Browse through the TOC of the North America commercial aviation flight management systems market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America commercial aviation flight management systems market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/north-america-flight-management-systems-5545315829.html

The report deals with Flight Management Systems which mainly aims at integrating navigation, flight parameters and navigation to get a systematic and consolidated auto flight control which maximizes the aircraft efficiency. Flight Safety is the major concern of all the aircraft operators as well as the airlines which demands the improvisation in FMS technology every year resulting in the growth of this segment.
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The major challenges in this industry are increasing in the air traffic and rising fuel prices. The driving factors in this market are increase in safety operations of the flights and the undergoing changes to make aircraft navigation systems and avionics more equipped to meet with the Nextgeneration aircrafts.

The major task of FMS is to enhance aircraft efficiency ensuring better safety which is done with the help of analyzing 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 always keep on improving the technology to cope up with the increased need for proper fuel management. Therefore, there is a huge increase in investments regarding the improvement in operations in order to meet the growing traffic and ensure that the air transportation is 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:

Europe 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 is currently pegged at $498.0 million and is expected to reach $560.0 million by 2018. It is expected to grow at a CAGR of 3.0% during this period. Though slow-growing, this market will expand greatly in the long run.

This report provides an in-depth analysis of the European flight management systems market. It also provides an insight into the regional trends to analyze the market share.

The European 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/europe-flight-management-systems-8672138564.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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Email: sales(at)micromarketmonitor(dot)com
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