Gaithesburg, MD, September 16, 2015 --(PR.com
)-- The global Flight Navigation Market is expected to reach $17.98 billion in 2022. The growing demand for new aircraft will directly improve the market growth of flight navigator systems. The major driving factors that are influencing market growth are raising demand for aircrafts across the globe and rise in the air traffic. Rising demand for accurate navigation and advancing technologies are also an added advantage to create business opportunities for the key players in this market. Efforts to lessen CO2 emission and environmental awareness are also important factors influencing this market.
The factors that are creating hindrance to the market growth of flight navigation markets are cost and complexity of the systems and their accuracy. GPS compatibility is also a considerable challenge for the growth of this market. However, fuel efficiency is expected to provide business opportunities for the existing as well as potential players in this market.
The global flight navigation market is segmented on product types, application, flight instrument and region. Depending on the Product type the market is segmented into two types namely flight navigation system and communication devices. Flight navigator system is further divided into sub parts: Radar, Hyperbolic Navigation System, GNSS, Instrument Landing System, Inertial Navigation System, VOR/DME, Automatic Direction Finder, Doppler Navigation System, Flight Management System and Heads up Display. Communication devices are also divided into sub part: Aircraft Communication Addressing and Reporting System, Automatic Dependent Surveillance, Portable Avoidance Collision System, Aircraft Transponders. By Application navigator market is segmented into Commercial and it is further divided into two types Fixed Wing, Rotary Wing.
The Flight instrument market is divided into Altimeter, Gyroscope, Autopilot, Magnetic Compass and Sensors. Gyroscope and it is further alienated into sub parts: Attitude Gyro, Turn Rate Gyro and Directional Gyro. Sensor is also divided into sub part: Air Speed Indicator, Vertical Speed Indicator and Pitot tube.
Geographically, the flight navigation market is segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). The growth expectation of this market will be constant in the North America and European regions. However, the growth expectation for this market will be higher in the Asia-Pacific region due to an increasing demand for aircraft deliveries in these regions.
Major players in the mining market include Esterline Technology, Garmin Ltd, Honeywell International Inc., Moog Inc, Northrop Grumman Corp, Raytheon Company, Rockwell Collins, and The Boeing Company And Universal Avionics Corporation.
What this report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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