According to a new market research report, now available on ASDReports, "Flight Navigation System Market by Product (Avionics systems, Communication systems), Flight Instrument (Altimeter, Gyroscope, Autopilot, Sensors), Application (Commercial, Military) & by Geography- Forecast & Analysis to 2014 - 2020", the flight navigation system market size was estimated at $10,392.87 Million in 2014 and is projected to reach $15,687.22 Million by 2020, growing at a CAGR of 7.10% from 2014 to 2020.
The global flight navigation systems market can be segmented on the basis of flight instruments, product types, navigation systems for unmanned aircraft systems, applications, and regions. The various products covered in this report include radar, hyperbolic navigation systems, GNSS, ILS, INS, VOR/DME, Automatic Direction Finder, Doppler Navigation system, FMS, and heads-up display. The various technological trends considered in this report are performance-based navigation, inertial reference systems, and replacing marker beacons by DME.
The flight navigation systems market is highly competitive. This report studies the growth strategies adopted by market players.
The strategies adopted by the players to expand their global presence and increase their market share include partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches. The increasing demand for a better fuel management system and increased deliveries, as well as high growth in emerging markets have encouraged companies to adopt these growth strategies. Market players are focusing on entering new markets by launching new innovative products. Rockwell Collins (U.S.), Raytheon Company (U.S.), and Honeywell International Inc. (U.S.) are some of the leading players that adopted this strategy. This report provides a deep dive analysis of the global flight navigation systems market and highlights the key drivers, restraints, and challenges which prevail in the market. It also provides an in-depth insight on the key market and technological trends of this market. The Porter five forces analysis is incorporated in this report along with the opportunity analysis, based on the upcoming products and prospective growth regions for the global flight navigation systems market.
In this report, a complete region-wise analysis of the global flight navigation systems market is also projected, which includes product-level segmentations across North America, Europe, Asia-Pacific, and the Middle East, Latin America & Africa.
This report also incorporates the competitive landscape of this market based on various developments, contracts, programs, and new product launches over the past five years. The global key market players engaged in manufacturing flight navigation systems are highlighted in this report along with their product portfolio, recent developments, SWOT analysis, and market revenue analysis for the past three years.
Source: ASDReports - Market Research
Date: May 29, 2015