North America Flight Management System Market Size, Share & Industry Trends Analysis Report By Hardware, By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft and Regional Transport Aircraft, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Flight Management System Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
The Electronic Flight Instrument System, Navigation Display, and Multifunction Display receive the flight plan from the Flight Management System for display. The Flight Management Computer (FMC), CDU, and a cross-talk bus make up the dual system known as the Flight Management System (FMS). Companies that fly airplanes for hire have specific objectives. Profitability is influenced by timely performance, fuel efficiency, and extended engine and component lives.
By controlling the aircraft with higher precision than a human pilot alone is capable of, an FMS aids in the achievement of these aims. One approach to understanding an FMS is as a master computer system in charge of all other systems, whether computerized or not. As a result, it coordinates modifying the engine, flight, and airframe parameters whether automatically or by giving the pilot instructions.
Essentially, every aspect of the flight is taken into account, including in-flight changes to originally planned courses of action, from preflight planning to draw up to the jet-way following landing. A control display unit (CDU), which is typically positioned forward on the cockpit's center pedestal, serves as the interface to the system. An LCD or CRT display/work screen, status and condition annunciators, and specific function keys are all included in it. It also has a full alphanumeric keypad.
In several North American countries, civil aviation is a significant and expanding element. Moreover, according to the Federal Aviation Administration, more than 5,000 public-use airports in the US accommodate more than 18,000 commercials as well as 210,000 general aviation aircraft, which conduct about 50 million airport operations annually. Nearly 1 billion passengers have flown through American airports, an increase of around 100 million from ten years earlier.
The US market dominated the North America Flight Management Systems (FMS) Market by Country in 2021; thereby, achieving a market value of $1.2 billion by 2028. The Canada market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 7.8% during (2022 - 2028).
Based on Hardware, the market is segmented into Flight Management Computers (FMC), Visual Display Unit (VDU) and Control Display Unit (CDU). Based on Fit, the market is segmented into Line Fit and Retrofit. Based on Aircraft Type, the market is segmented into Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft and Regional Transport Aircraft. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., General Electric (GE) Co., Thales Group S.A., Garmin Ltd., Universal Avionics Systems Corporation, Leonardo SpA, Lufthansa Systems GmbHInc.), Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Verint Systems, Inc., Genetec, Inc., Panopto, Inc., and Eagle Eye Networks, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Flight Management Computers (FMC)
- Visual Display Unit (VDU)
- Control Display Unit (CDU)
- Line Fit
By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- General Electric (GE) Co.
- Thales Group S.A.
- Garmin Ltd.
- Universal Avionics Systems Corporation
- Leonardo SpA
- Lufthansa Systems GmbH & Co. KG
- TransDigm Group, Inc.
- Raytheon Technologies Corporation
- The Boeing Company
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