The report, now available on ASDReports, recognizes the following companies as the key players in the Global Flight Navigation System Market: Honeywell International, Moog, Northrop Grumman, Raytheon and Rockwell Collins
Other Prominent Vendors in the market are: Esterline Technologies, GE Aviation, Navtech and Sagem
According to the report, demand is increasing for the latest avionics systems and accurate flight navigation systems in an effort to continually maximize passenger safety. As a result of advancements in the technology, there have been significant improvements in autopilot systems. These systems reduce the requirement for human intervention and lighten pilot workload.
Further, the report states that the latest generation of aircraft is equipped with Wi-Fi on board, and the costs associated with installing navigation systems are high. These systems are also vulnerable to hacking, which is raising concerns for the Federal Aviation Administration (FAA).
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Nov 9, 2015