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Global Flight Navigation System Market to reach USD 25.4 billion by 2027

Global Flight Navigation System Market Size study, by Flight Instrument (Autopilot, Altimeter, Gyroscope, Sensors, Magnetic Compass), by Product (Flight Control Systems, Communication, Navigation & Surveillance (CNS) Systems, Flight Management Systems), by Application (Civil and Commercial Aviation, Military Aviation) and Regional Forecasts 2020-2027

Product Code: SASAAD_36668044
Publish Date: 12-06-2020
Page: 200

Global Flight Navigation System Market is valued approximately at USD 14.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2020-2027. Flight navigation system is usually used for navigation in planning, recording and monitoring the movement of aircraft. It further offers the information concerning the suitable requirements of the aircraft precisely to the central computer or autopilot. The flight navigation system generally consists of navigation and operation aspects of the aircraft. Further, the growth in the flight navigation system market is significantly rising due to the fact that the integration of advanced navigation systems in the fleet to make aircraft safe as well as efficient. Moreover, the rise in demand for aircraft deliveries, growing passenger traffic and growing need for precision or accuracy in aircraft navigation are the few other factors responsible for the CAGR of the market during the forecast period. According to the Boeing, there will be 7,290 deliveries of airplane made in North America between 2014 and 2033. Also, as per the source, it is estimated that there will be around 41,030 commercial aircraft deliveries will made during the years of 2017-2036. Likewise, in 2018, U.S.-based Boeing, an aircraft manufacturer, stated that Chinese airlines will procure almost 7,690 new planes valued at USD 1.2 trillion over the next two decades. Likewise, as per the International Air Transport Association (IATA), the air passenger travelers observe two-fold increase from today’s level to reach around 8.2 billion air travelers by the year 2037 with a growth rate of 3.5%. This, in turn, is expected to strengthen the demand for flight navigation system, making a significant impact on the market growth around the world. However, the stringent government regulations and issues pertaining to navigation system & parts are the few factors impeding the market growth over the forecast period of 2020-2027.

The regional analysis of the global Flight Navigation System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in aircraft production along with the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the growing demand for commercial and military aircraft fleet followed by rising military expenditure in developing countries, such as China and India, would create lucrative growth prospects for the Flight Navigation System market across the Asia-Pacific region.

Major market player included in this report are:
Honeywell International Inc.
Rockwell Collins, Inc.
Northrop Grumman Corporation
Raytheon Company
The Boeing Company
MOOG, Inc.
Universal Avionics Systems Corporation
Garmin Ltd.
Esterline Technologies Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Flight Instrument:
Magnetic Compass

By Product:
Flight Control Systems
Communication, Navigation & Surveillance (CNS) Systems
Flight Management Systems

By Application:
Civil and Commercial Aviation
Military Aviation

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Flight Navigation System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Flight Navigation System Market, by Region, 2018-2027 (USD Billion)
1.2.2. Flight Navigation System Market, by Flight Instrument, 2018-2027 (USD Billion)
1.2.3. Flight Navigation System Market, by Product, 2018-2027 (USD Billion)
1.2.4. Flight Navigation System Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Flight Navigation System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Flight Navigation System Market Dynamics
3.1. Flight Navigation System Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Flight Navigation System Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Flight Navigation System Market, by Flight Instrument
5.1. Market Snapshot
5.2. Global Flight Navigation System Market by Flight Instrument, Performance – Potential Analysis
5.3. Global Flight Navigation System Market Estimates & Forecasts by Flight Instrument 2017-2027 (USD Billion)
5.4. Flight Navigation System Market, Sub Segment Analysis
5.4.1. Autopilot
5.4.2. Altimeter
5.4.3. Gyroscope
5.4.4. Sensors
5.4.5. Magnetic Compass
Chapter 6. Global Flight Navigation System Market, by Product
6.1. Market Snapshot
6.2. Global Flight Navigation System Market by Product, Performance – Potential Analysis
6.3. Global Flight Navigation System Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
6.4. Flight Navigation System Market, Sub Segment Analysis
6.4.1. Flight Control Systems
6.4.2. Communication, Navigation & Surveillance (CNS) Systems
6.4.3. Flight Management Systems
Chapter 7. Global Flight Navigation System Market, by Application
7.1. Market Snapshot
7.2. Global Flight Navigation System Market by Application – Potential Analysis
7.3. Global Flight Navigation System Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Flight Navigation System Market, Sub Segment Analysis
7.4.1. Civil and Commercial Aviation
7.4.2. Military Aviation
Chapter 8. Global Flight Navigation System Market, Regional Analysis
8.1. Flight Navigation System Market, Regional Market Snapshot
8.2. North America Flight Navigation System Market
8.2.1. U.S. Flight Navigation System Market Flight Instrument breakdown estimates & forecasts, 2017-2027 Product breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Flight Navigation System Market
8.3. Europe Flight Navigation System Market Snapshot
8.3.1. U.K. Flight Navigation System Market
8.3.2. Germany Flight Navigation System Market
8.3.3. France Flight Navigation System Market
8.3.4. Spain Flight Navigation System Market
8.3.5. Italy Flight Navigation System Market
8.3.6. Rest of Europe Flight Navigation System Market
8.4. Asia-Pacific Flight Navigation System Market Snapshot
8.4.1. China Flight Navigation System Market
8.4.2. India Flight Navigation System Market
8.4.3. Japan Flight Navigation System Market
8.4.4. Australia Flight Navigation System Market
8.4.5. South Korea Flight Navigation System Market
8.4.6. Rest of Asia Pacific Flight Navigation System Market
8.5. Latin America Flight Navigation System Market Snapshot
8.5.1. Brazil Flight Navigation System Market
8.5.2. Mexico Flight Navigation System Market
8.6. Rest of The World Flight Navigation System Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Honeywell International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Rockwell Collins, Inc.
9.2.3. Northrop Grumman Corporation
9.2.4. Raytheon Company
9.2.5. The Boeing Company
9.2.6. MOOG, Inc.
9.2.7. Sagem
9.2.8. Universal Avionics Systems Corporation
9.2.9. Garmin Ltd.
9.2.10. Esterline Technologies Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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