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Pulished Date June, 2021
ID: 11683
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Flight Navigation System Market by product (flight management systems, flight control systems and navigation, communication and surveillance systems), by application (fixed wing, narrow body aircraft, wide body aircraft, very large aircraft, regional aircraft and rotary wing), by flight instrument (auto pilot, altimeter, gyroscope, sensors and magnetic compass) and by Geography 2021-2026

Pulished: June, 2021
ID: 11683
Pages: 175

Flight Navigation System Market Size & Growth 2026:

Flight Navigation System Market is expected to have a compound annual growth rate (CAGR) of 7% during the forecast period of 2021 - 2026 values at 15.68 billion US dollars in the year 2021 which is expected to increase the growth by 20.39 billion US dollars by the end of 2026.

Flight Navigation System Market Driving Factors:

Growing demand for passenger and aircraft safety, increasing air passenger traffic are some of the major driving factors which propel the growth of the flight navigation systems market.

Increasing of investments and private funds for the R & D activities are some of the driving factors for the growth of the Flight Navigation System market.

Increasing aircraft manufacturing and modernization are some of the driving factors which help the growth of the market of Flight Navigation Systems across the globe.

An increase in aircraft deliveries and orders is also a major driving factor that helps the growth of the market of Flight Navigation systems across all the regions.

Growth of developing economies and enabling capacity of avionics system with the gen-next aircraft, and increase in operational efficiency are some of the major driving factors of Flight Navigation Systems market revenue rate during the forecast period.

Factors such as an increase in inflight passengers and air freight movement are also helping the market to grow further.

Flight Navigation System Market Challenges:

The high initial cost associated with systems is impeding the growth of the market of Flight Navigation System revenue rate.

Stringent regulations from the government regulations are also limiting the growth of the market of Flight Navigation Systems.

Lack of a skilled workforce is some other major restraints on the growth of the Flight Navigation System market.

FLIGHT NAVIGATION SYSTEM MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021-2026

CAGR

7%

Segments Covered

Basis of Application, basis of product, basis of flight instrument

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and The Boeing Company (U.S.). Others players operating in this market include Moog Inc. (U.S.)

Market Segmentation:

The Flight Navigation System market is segmented on the basis of product, on the basis of application, on the basis of flight instrument and on the basis of geography.

Flight Navigation System market on the basis of the product: The Flight Navigation System market is segmented into flight management systems, flight control systems and navigation, communication and surveillance systems. The flight navigation system is further bifurcated into flight instrument, product, application. Among these segments, the flight control systems segment holds the major share of the market owing to the growing demand for advanced and accurate navigation systems as these systems will help to assist in governing the altitude of an aircraft by following the flight path of the aircraft. This segment is anticipated to hold the dominance of the market during the forecast period.

Flight Navigation System Market On the basis of application: The market of Flight Navigation System is bifurcated into fixed wing, narrow body aircraft, wide body aircraft, very large aircraft, regional aircraft and rotary wing. Among these segments, the fixed wing aircraft segment holds the major share of the market among others and is expected to hold the dominance during the forecast period. The narrow body aircraft segment is expected to increase the market value in the upcoming years.

Flight Navigation System Market On the basis of flight instrument: The market of Flight Navigation System is bifurcated into auto pilot, altimeter, gyroscope, sensors and magnetic compass. Among these segments, the altimeter segment holds the major share of the market owing to the demand for enhanced accuracy and passenger safety drives the need for altimeters.

Regional Analysis:

The Flight Navigation System market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Asia Pacific region (Japan, India, China, Australia and rest of Asia Pacific), Europe region (Germany, Spain, Italy, UK, France and rest of Europe). 

Asia Pacific region holds the major share of the market of Flight Navigation System owing to the increasing of technological advancements and also growing adoption of navigation systems by some of the developing economies such as India and China in the region.

North America region holds the second-largest share of the Flight Navigation System market. Increasing aircraft manufacturing and modernization especially in some economies such as the United States and Mexico promotes the growth of the market of Flight Navigation systems in the North America region. Furthermore, increasing of air passenger traffic, and growing demand for passenger and aircraft safety are also some of the factors which helps the market of flight navigation system to improve the revenue rate.

Europe region is expected to increase the market of Flight Navigation System during the forecast period followed by North America region and Asia Pacific region attributed to the factors such as Increasing of investments and private funds for the R & D activities.

Key Market Players:

Some of the key market players of Flight Navigation System market are: Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and The Boeing Company (U.S.). Others players operating in this market include Moog Inc. (U.S.), Sagem (France), Universal Systems Avionics Corporation (U.S.), Garmin Ltd. (Switzerland), Honeywell International Inc. (U.S.), Rockwell Collins (U.S.), and Esterline Technologies Corporation (U.S.), among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods    

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Flight Navigation System Market, By Product                               

                                6.1.1 flight management systems            

                                6.1.2 flight control systems and navigation          

                                6.1.3 communication and surveillance systems  

  6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Flight Navigation System Market, By Application                        

                                6.2.1 fixed wing

                                6.2.2 narrow body aircraft           

                                6.2.3 wide body aircraft

                                6.2.4 very large aircraft 

                                6.2.5 regional aircraft    

                                6.2.6 rotary wing             

        6.2.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

                6.3 Flight Navigation System Market, By Flight Instrument

                                6.3.1 auto pilot 

                                6.3.2 altimeter 

                                6.3.3 gyroscope

                                6.3.4 sensors     

                                6.3.5 magnetic compass

        6.3.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.7 Y-o-Y Growth Rate Analysis              

                                6.3.8 Market Attractiveness Index           

7. Geographical Landscape                                         

    7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2018 - 2024)  

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product              

                                7.2.3 By Application       

                                7.2.4 By Flight Instrument           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Application       

                                7.3.4 By Flight Instrument           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Application       

                                7.4.4 By Flight Instrument           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Application       

                                7.5.4 By Flight Instrument           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product              

                                7.6.3 By Application       

                                7.6.4 By Flight Instrument           

8. Key Player Analysis                                    

                8.1 Raytheon Company (U.S.)                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Northrop Grumman Corporation (U.S.)                          

                8.3 The Boeing Company (U.S.)                 

                8.4 Moog Inc. (U.S.)                       

                8.5 Sagem (France)                        

                8.6 Universal Systems Avionics Corporation (U.S.)   

                8.7 Garmin Ltd. (Switzerland)                    

                8.8 Honeywell International Inc. (U.S.)                   

                8.9 Rockwell Collins (U.S.)                           

                8.10 Esterline Technologies Corporation (U.S.)                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Flight Navigation System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Flight Navigation System Market By Product, From 2021-2026 ( USD Billion )
  3. Global flight management systems Market By Region, From 2021-2026 ( USD Billion )
  4. Global flight control systems and navigation Market By Region, From 2021-2026 ( USD Billion )
  5. Global communication and surveillance systems Market By Region, From 2021-2026 ( USD Billion )
  6. Global Flight Navigation System Market By Application, From 2021-2026 ( USD Billion )
  7. Global fixed wing Market By Region, From 2021-2026 ( USD Billion )
  8. Global narrow body aircraft Market By Region, From 2021-2026 ( USD Billion )
  9. Global wide body aircraft Market By Region, From 2021-2026 ( USD Billion )
  10. Global very large aircraft Market By Region, From 2021-2026 ( USD Billion )
  11. Global regional aircraft Market By Region, From 2021-2026 ( USD Billion )
  12. Global rotary wing Market By Region, From 2021-2026 ( USD Billion )
  13. Global Flight Navigation System Market By Flight Instrument, From 2021-2026 ( USD Billion )
  14. Global auto pilot Market By Region, From 2021-2026 ( USD Billion )
  15. Global altimeter Market By Region, From 2021-2026 ( USD Billion )
  16. Global gyroscope Market By Region, From 2021-2026 ( USD Billion )
  17. Global sensors  Market By Region, From 2021-2026 ( USD Billion )
  18. Global magnetic compass Market By Region, From 2021-2026 ( USD Billion )

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