Flight Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global flight management systems (FMS) market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
A flight management system (FMS) is a specialized computer system that performs a complete range of in-flight tasks, thus significantly reducing the crew load. It is an integrated, full-flight communication and information management system that provides guidance and aids in navigation, trajectory prediction, and performance and fuel computations. In-flight management and flight planning through various sensors such as inertial navigation systems (INS) and global positioning systems (GPS) are some of the other functions of FMS.
A thriving aviation industry along with an increase in the demand for next-generation aircraft features is a key factor driving the market growth. For instance, improved fuel efficiency and flight security along with the reduction in pilot workload are some of the key benefits offered by FMS, owing to which its demand is rapidly increasing. Moreover, Next Generation Flight Management Systems (NGFMS) are being introduced, that streamline air traffic management, reduce direct operational costs and enhance the overall safety of the aircraft. Furthermore, there is a significant growth in the number of airlines across the globe which now connect even the remotest regions to the world. This has led to the launch of several modern aircraft, thus leading to the widespread incorporation of FMA, which is contributing positively to the market growth. Apart from this, other benefits such as enhanced navigation, lower power consumption and reduced weight, and glass cockpits resulting in better operational facilities are also driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flight management systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on fit, aircraft type and hardware.
Breakup by Fit:
Line Fit
Retrofit
Breakup by Aircraft Type:
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Regional Transport Aircraft
Breakup by Hardware:
Visual Display Unit
Control Display Unit
Flight Management Computers
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International Inc., Thales Group, General Electric Company, Rockwell Collins, Esterline Technologies Corporation, Garmin Ltd., Universal Avionics Systems Corporation, Jeppesen Sanderson, Inc., Navtech, Inc., Lufthansa Systems GmbH & Co. Kg, Leonardo-Finmeccanica Spa, etc.
Key Questions Answered in This Report
1. What was the size of the global flight management systems market in 2022?
2. What is the expected growth rate of the global flight management systems market during 2023-2028?
3. What are the key factors driving the global flight management systems market?
4. What has been the impact of COVID-19 on the global flight management systems market?
5. What is the breakup of the global flight management systems market based on the fit?
6. What is the breakup of the global flight management systems market based on the aircraft type?
7. What is the breakup of the global flight management systems market based on the hardware?
8. What are the key regions in the global flight management systems market?
9. Who are the key players/companies in the global flight management systems market?
A flight management system (FMS) is a specialized computer system that performs a complete range of in-flight tasks, thus significantly reducing the crew load. It is an integrated, full-flight communication and information management system that provides guidance and aids in navigation, trajectory prediction, and performance and fuel computations. In-flight management and flight planning through various sensors such as inertial navigation systems (INS) and global positioning systems (GPS) are some of the other functions of FMS.
A thriving aviation industry along with an increase in the demand for next-generation aircraft features is a key factor driving the market growth. For instance, improved fuel efficiency and flight security along with the reduction in pilot workload are some of the key benefits offered by FMS, owing to which its demand is rapidly increasing. Moreover, Next Generation Flight Management Systems (NGFMS) are being introduced, that streamline air traffic management, reduce direct operational costs and enhance the overall safety of the aircraft. Furthermore, there is a significant growth in the number of airlines across the globe which now connect even the remotest regions to the world. This has led to the launch of several modern aircraft, thus leading to the widespread incorporation of FMA, which is contributing positively to the market growth. Apart from this, other benefits such as enhanced navigation, lower power consumption and reduced weight, and glass cockpits resulting in better operational facilities are also driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flight management systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on fit, aircraft type and hardware.
Breakup by Fit:
Line Fit
Retrofit
Breakup by Aircraft Type:
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Regional Transport Aircraft
Breakup by Hardware:
Visual Display Unit
Control Display Unit
Flight Management Computers
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International Inc., Thales Group, General Electric Company, Rockwell Collins, Esterline Technologies Corporation, Garmin Ltd., Universal Avionics Systems Corporation, Jeppesen Sanderson, Inc., Navtech, Inc., Lufthansa Systems GmbH & Co. Kg, Leonardo-Finmeccanica Spa, etc.
Key Questions Answered in This Report
1. What was the size of the global flight management systems market in 2022?
2. What is the expected growth rate of the global flight management systems market during 2023-2028?
3. What are the key factors driving the global flight management systems market?
4. What has been the impact of COVID-19 on the global flight management systems market?
5. What is the breakup of the global flight management systems market based on the fit?
6. What is the breakup of the global flight management systems market based on the aircraft type?
7. What is the breakup of the global flight management systems market based on the hardware?
8. What are the key regions in the global flight management systems market?
9. Who are the key players/companies in the global flight management systems market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL FLIGHT MANAGEMENT SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Fit
5.5 Market Breakup by Aircraft Type
5.6 Market Breakup by Hardware
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY FIT
6.1 Line Fit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Retrofit
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY AIRCRAFT TYPE
7.1 Narrow Body Aircraft
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wide Body Aircraft
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Very Large Aircraft
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Regional Transport Aircraft
7.4.1 Market Trends
7.4.2 Market Forecast
8 MARKET BREAKUP BY HARDWARE
8.1 Visual Display Unit
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Control Display Unit
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Flight Management Computers
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
13.1 Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Honeywell International Inc.
14.3.2 Thales Group
14.3.3 General Electric Company
14.3.4 Rockwell Collins
14.3.5 Esterline Technologies Corporation
14.3.6 Garmin Ltd.
14.3.7 Universal Avionics Systems Corporation
14.3.8 Jeppesen Sanderson, Inc.
14.3.9 Navtech, Inc.
14.3.10 Lufthansa Systems GmbH & Co. Kg
14.3.11 Leonardo-Finmeccanica Spa
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL FLIGHT MANAGEMENT SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Fit
5.5 Market Breakup by Aircraft Type
5.6 Market Breakup by Hardware
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY FIT
6.1 Line Fit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Retrofit
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY AIRCRAFT TYPE
7.1 Narrow Body Aircraft
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wide Body Aircraft
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Very Large Aircraft
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Regional Transport Aircraft
7.4.1 Market Trends
7.4.2 Market Forecast
8 MARKET BREAKUP BY HARDWARE
8.1 Visual Display Unit
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Control Display Unit
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Flight Management Computers
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
13.1 Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Honeywell International Inc.
14.3.2 Thales Group
14.3.3 General Electric Company
14.3.4 Rockwell Collins
14.3.5 Esterline Technologies Corporation
14.3.6 Garmin Ltd.
14.3.7 Universal Avionics Systems Corporation
14.3.8 Jeppesen Sanderson, Inc.
14.3.9 Navtech, Inc.
14.3.10 Lufthansa Systems GmbH & Co. Kg
14.3.11 Leonardo-Finmeccanica Spa
LIST OF TABLES
Table 1: Global: Flight Management Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Flight Management Systems Market Forecast: Breakup by Fit (in Million US$), 2023-2028
Table 3: Global: Flight Management Systems Market Forecast: Breakup by Aircraft Type (in Million US$), 2023-2028
Table 4: Global: Flight Management Systems Market Forecast: Breakup by Hardware (in Million US$), 2023-2028
Table 5: Global: Flight Management Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Flight Management Systems Market Structure
Table 7: Global: Flight Management Systems Market: Key Players
Table 1: Global: Flight Management Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Flight Management Systems Market Forecast: Breakup by Fit (in Million US$), 2023-2028
Table 3: Global: Flight Management Systems Market Forecast: Breakup by Aircraft Type (in Million US$), 2023-2028
Table 4: Global: Flight Management Systems Market Forecast: Breakup by Hardware (in Million US$), 2023-2028
Table 5: Global: Flight Management Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Flight Management Systems Market Structure
Table 7: Global: Flight Management Systems Market: Key Players
LIST OF FIGURES
Figure 1: Global: Flight Management Systems Market: Major Drivers and Challenges
Figure 2: Global: Flight Management Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Flight Management Systems Market: Breakup by Fit (in %), 2022
Figure 4: Global: Flight Management Systems Market: Breakup by Aircraft Type (in %), 2022
Figure 5: Global: Flight Management Systems Market: Breakup by Hardware (in %), 2022
Figure 6: Global: Flight Management Systems Market: Breakup by Region (in %), 2022
Figure 7: Global: Flight Management Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Flight Management Systems Industry: SWOT Analysis
Figure 9: Global: Flight Management Systems Industry: Value Chain Analysis
Figure 10: Global: Flight Management Systems Industry: Porter’s Five Forces Analysis
Figure 11: Global: Flight Management Systems (Line Fit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Flight Management Systems (Line Fit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Flight Management Systems (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Flight Management Systems (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Flight Management Systems (Narrow Body Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Flight Management Systems (Narrow Body Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Flight Management Systems (Wide Body Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Flight Management Systems (Wide Body Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Flight Management Systems (Very Large Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Flight Management Systems (Very Large Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Flight Management Systems (Regional Transport Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Flight Management Systems (Regional Transport Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Flight Management Systems (Visual Display Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Flight Management Systems (Visual Display Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Flight Management Systems (Control Display Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Flight Management Systems (Control Display Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Flight Management Systems (Flight Management Computers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Flight Management Systems (Flight Management Computers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Europe: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Europe: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia Pacific: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia Pacific: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Middle East and Africa: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Middle East and Africa: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Latin America: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Latin America: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Flight Management Systems Market: Major Drivers and Challenges
Figure 2: Global: Flight Management Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Flight Management Systems Market: Breakup by Fit (in %), 2022
Figure 4: Global: Flight Management Systems Market: Breakup by Aircraft Type (in %), 2022
Figure 5: Global: Flight Management Systems Market: Breakup by Hardware (in %), 2022
Figure 6: Global: Flight Management Systems Market: Breakup by Region (in %), 2022
Figure 7: Global: Flight Management Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Flight Management Systems Industry: SWOT Analysis
Figure 9: Global: Flight Management Systems Industry: Value Chain Analysis
Figure 10: Global: Flight Management Systems Industry: Porter’s Five Forces Analysis
Figure 11: Global: Flight Management Systems (Line Fit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Flight Management Systems (Line Fit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Flight Management Systems (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Flight Management Systems (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Flight Management Systems (Narrow Body Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Flight Management Systems (Narrow Body Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Flight Management Systems (Wide Body Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Flight Management Systems (Wide Body Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Flight Management Systems (Very Large Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Flight Management Systems (Very Large Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Flight Management Systems (Regional Transport Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Flight Management Systems (Regional Transport Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Flight Management Systems (Visual Display Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Flight Management Systems (Visual Display Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Flight Management Systems (Control Display Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Flight Management Systems (Control Display Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Flight Management Systems (Flight Management Computers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Flight Management Systems (Flight Management Computers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Europe: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Europe: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia Pacific: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia Pacific: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Middle East and Africa: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Middle East and Africa: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Latin America: Flight Management Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Latin America: Flight Management Systems Market Forecast: Sales Value (in Million US$), 2023-2028
