Aircraft Management System is a specified computer system which automates an extensive variety of in-flight tasks, decreasing the workload on the air crew. This aircraft management system is deployed in variety of aircrafts such as narrow body aircraft, regional transport aircraft, wide body aircraft and very large aircraft. Some of the major drivers which further fuels the aircraft management system market in the forecast period are substantial growth in airline industry globally and rise in demand for advanced required navigation performance (RNP).
MARKET SCOPE
The "Global Aircraft Management System Market Analysis to 2028" is a specialized and in-depth study of the aircraft management system market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft management system market with detailed market segmentation by gear position, aircraft type, activities, aircraft users, and geography. The global aircraft management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft management system market players and offers key trends and opportunities in the aircraft management system market.
MARKET SEGMENTATION
? Based on Hardware, the market is segmented into Visual Display Unit, Control Display Unit, Flight Management Computer, and Others.
? On the basis of Aircraft Type, the company is segmented into Narrow Body Aircraft, Regional Transport Aircraft, Wide Body Aircraft, and Very Large Aircraft.
? Based on Installation Type, the market is bifurcated into Line Fit, and Retrofit.
? Based on End User, the market is divided into Commercial, and Military.
MARKET DYNAMICS
Drivers:
? Mounting technological advancement, growing need for advanced navigation and surveillance technologies
? Upgraded technology for heavy data storage and operational efficiency across various region
? Rise in demand for advanced required navigation performance (RNP).
Restraint -
? Stringent safety regulations and Susceptibility of FMS to Cyber-Attacks
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft management system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aircraft management system market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT MANAGEMENT SYSTEM MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft management system manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft management system market.
MARKET PLAYERS
The reports cover key developments in the aircraft management system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft management system market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft management system market. Below mentioned is the list of few companies engaged in the aircraft management system market.
The report also includes the profiles of key aircraft management system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? General Electric Company
? Esterline Technologies Corporation
? Thales Group, Navtech, Inc.
? Honeywell International Inc.
? Garmin Ltd.
? Universal Avionics Systems Corporation
? Lufthansa Systems GmbH & Co. Kg
? Jeppesen Sanderson, Inc
? Leonardo Spa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.