Lewes, DE -- (SBWire) -- 11/13/2015 --Report forecast the global flight navigation system market to grow at a CAGR of 5.87% over the period 2014-2019.
A flight navigation system is essential for navigating an aircraft. It is used to plan, record, and control an aircraft's movement from one place to another. The system includes autopilot, sensors, flight management, GNSS, automatic direction finder, and other systems that aid in the effective navigation of an aircraft. It also relies on instrument flight rules (IFR) and visual flight rules (VFR).
The report includes the present scenario and the growth prospects of the global flight navigation system market for the period 2015-2019. The market can be segmented into three: autopilot, sensors, and altimeter.
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).
Global Flight Navigation System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global flight navigation system market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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
Key regions
- Americas
- APAC
- EMEA
Key market driver
- Growing demand for aircraft fleet
- For a full, detailed list, view our report
Key market challenge
- Vulnerable to Cyber Attacks
- For a full, detailed list, view our report
Key market trend
- Adoption of next-generation Avionics
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
Spanning over 163 pages and 37 Exhibits "Global Flight Navigation System Market 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Find more information Visit at: http://www.marketresearchreports.com/technavio/global-flight-navigation-system-market-2015-2019
Find all Automotive report at : http://www.marketresearchreports.com/automotive
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions
