The global flight management systems market is anticipated to witness a noticeable growth within Athe forecast period from 2017 to 2025. Flight management systems is one of the key component in aviation systems in modern aircrafts. These systems automatically carry out various in-flight operations and thus lessen the workload for aircraft crew, especially flight engineers and navigators. The flight management system is bifurcated into two major functions – flight planning and in-flight management. According to Transparency Market Research, advancement in technology is likely to propel the market. It’s recently published a report, titled, “Flight Management Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
Owing to the increased need for next generation flight management, there has been a growth in flight management systems market. These flight management systems have been developed and launched in several modern aircrafts in order to meet the requirement for latest technologies for next generation flight management systems and in-flight planning and navigation. They help in reducing the pilot’s workload, better fuel efficiency, and improve flight safety. These are the major factors propelling the demand for global flight management systems market. However, the major factor hampering the market growth is the vulnerability of the system to cyber-attacks. The systems use open Wi-Fi connections which can provide cyber criminals an opportunity to access and misuse the customers’ and other important data.
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Based on hardware, the flight management systems market is bifurcated into control display unit (CDU) and visual display unit (VDU). On the basis components, the market for flight management systems is divided into automatic flight guidance systems, flight management computer, electronic flight instrumentation systems, and aircraft navigation systems. There are several firms investing in the global flight management systems. Some of the leading names are Honeywell International Inc., General Electric Company, Gramin Ltd., Lufthansa Systems GmbH, Thales Group, Rockwell Collins, Universal Avionics Systems Corporation, Navtech Inc., Jeppesen Sanderson Inc., and Esterline Technologies.