Press Release

Visiongain Ltd.

Flight Navigation System (FNS) Market Report to 2031

November 10th, 2021 12:00 AM

Visiongain has published a new report on Flight Navigation System (FNS) Market Report : Forecasts by Flight Instrument (Autopilot, Altimeter, Gyroscope, Sensors, Magnetic Compass), by System (Flight Control Systems, Communication, Navigation & Surveillance (CNS) Systems, Flight Management Systems), by Aircraft Type (Narrow Body, Wide Body, Very Large, Regional Transport, Helicopter), by End Use (OEM, Aftermarket) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

Flight navigation systems market has been witnessing strong growth over the past few years on account of increasing demand aircraft deliveries across the globe. Demand from airline operators to increase flight safety and accurate location services is also one of the major factors driving the market growth for flight navigation systems in the recent past. In addition, air travel has increased significantly in the recent past owing to rise in international tourism, affordable air travel, and growth of low-cost carrier airline operators across the globe.

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Increasing demand for commercial aircraft has directly impacted the market for flight navigation systems. Majority of aircraft manufacturers are investing significantly on the R&D activities to enhance location services through satellite-based GPS services, and enhanced network connectivity. Flight navigation systems enhance accuracy in aircraft location and enables pilot to land aircraft safely even in extreme weather condition. However, the ongoing pandemic of Covid-19 has hampered the air travel considerably in 2020 and airline operators have kept their plans for the procurement of new aircraft on hold due to economic instability and negative impact on international trade and tourism. As result the flight navigation systems market is expected to witness slower growth during the first half of the forecast period.

COVID-19 Impact on Flight Navigation Systems Market

Imposition of lockdown in majority of the countries due to ongoing pandemic of Covid-19, the demand for air travel has dropped significantly in the recent months and is expected to recover its stability slowly over the next two to three years. Covid-19 has impacted global economies significantly in 2020 and is expected to affect the capital expenditures of major airline operators across the globe. As a result, the demand for commercial aircraft including narrow body, wide body aircraft and very large body aircraft is expected to decline in near future. Due to lesser demand for aircraft from commercial aviation sector, the demand for flight navigation systems is expected to fall. It is anticipated that the market will see growth in narrow body aircraft segment from 2022 because of recovery in domestic air travel in major countries in North America, Europe, and Asia Pacific. On the supply side of the flight navigation systems, major companies have been affected by the pandemic in terms of production plans, raw material procurement, deliveries, and order books. Companies are taking necessary preventive measures to restart their manufacturing process while ensuring safety and contain the spread of Covid-19 at the workplace.

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How the Flight Navigation System Market report helps you
In summary, our 210+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Flight Navigation System Market, with forecasts for By Flight Instrument, By System, By Aircraft Type and By End Use, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2031 for 5 regional and 17 key national markets – See forecasts for the Flight Navigation System market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Flight Navigation System Market.

Competitive Landscape

Some of the company’s profiled in this report include The Boeing Company, Esterline Technologies Corporation, Raytheon Company, Garmin Ltd., Rockwell Collins, Inc., Northrop Grumman Corporation, Universal Avionics Systems Corporation, Rockwell Collins, Inc., Sagem, and Honeywell International Inc.

  • In 2020, Aerion Supersonic has awarded a contract to BAE Systems for supplying Flight Control System for its new supersonic jet which is under development. Under this contract, BAE Systems will design, manufacture, and integrate fly-by-wire flight control systems on Aerion’s new AS2 aircraft.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the FNS Market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports on Aviation Electronics Sector click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
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EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
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SOURCE Visiongain Limited.

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