Flight Management Systems (FMS) Market

Global Flight Management Systems (FMS) Market Size (2024 to 2029)

The size of the global flight management systems market is anticipated to grow at a CAGR of 9.92% from 2024 to 2029 and the global market size is expected to reach USD 3.48 billion in 2024 and USD 5.16 billion by 2029. North America has the largest market share of the flight management systems market as of 2023 whereas Asia-Pacific has the most substantial growth rate.

The growth of the global market for flight management systems (FMS) is driven by various factors, such as a rise in aircraft orders, especially in the APAC region, and significant growth in the airline industry worldwide. The development of glass cockpits for better operational efficiency has led to many changes in the FMS market which is driving the growth of the market.

Limited navigation database capacity, the vulnerability of FMS to cyber-attacks, and technical complexities in the functioning of advanced FMS are some of the restraints preventing the market from reaching its full potential.

REPORT COVERAGE:

This research report on the global flight management systems (FMS) market has been segmented and sub-segmented based on component, product, application, and region.

Global Flight Management Systems Market - By Hardware:

• Control Display Unit
• Visual Display Unit
• Flight Management Computer

Based on the hardware, the flight management computer segment is expected to register the highest growth rate. This is due to a rise in the demand for technologically advanced and lightweight flight management systems and the constant need to produce more compact FMS than before.

Global Flight Management Systems Market - By Aircraft Type:

• Narrow Body Aircraft (NBA)
• Wide Body Aircraft (WBA)
• Very Large Aircraft (VLA)
• Regional Transport Aircraft (RTA)

Based on the aircraft type, the large aircraft (VLA) segment is expected to grow at the highest rate during the forecast period. This is because of a combination of factors that include the rise in demand for long-distance passenger travel and the increase in domestic air travel worldwide, especially in the APAC region.

Global Flight Management Systems Market - By Fit:

• Line Fit
• Retrofit

Based on the fit, Line Fit has the largest market share as of 2019, and it is projected to remain so during the forecast period. This is because most commercial airlines are line-fit and the growing demand for them is fuelling the line-fit segment.

Global Flight Management Systems Market - By Region:

• North America
• Latin America
• Europe
• Asia - Pacific
• Middle East & Africa

North America has the largest market share of the Flight Management Systems market as of 2018, and it is projected to remain in the top spot throughout the forecast period. Europe closely follows North America. Development & and adoption of innovative technologies apart from being the hub of Flight Management Systems producers are driving the growth of the Flight Management Systems market in North America and European regions. 

Asia-Pacific is the fastest-growing market for Flight Management Systems. This can be attributed to the rising middle-class population which can now afford to fly and many government initiatives that are aimed at improving regional connectivity. This has led to an increased demand for Flight Management Systems solutions in the APAC market.

KEY MARKET PLAYERS:

The major players in the flight management systems market are Honeywell International Inc. (U.S.), Thales Group (France), General Electric Company (U.S.), and Leonardo-Finmeccanica S.p.An (Italy), Rockwell Collins (U.S.), Esterline Technologies (U.S.), Garmin Ltd. (Switzerland), Universal Avionics Systems (U.S.), Lufthansa Systems (Germany), Jeppesen Sanderson Inc. (U.S.), Navtech Inc. (Canada).

RECENT INDUSTRY DEVELOPMENTS:

• EasyJet is the first European airline that will start operating aircraft equipped with avionics capable of enabling 4D initial trajectory sharing, a future navigation concept proposed to help air navigation service providers cope with increases in air traffic volumes.