Please Wait.....
Report
Flight Management System (FMS) Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
Market Report I 2024-11-06 I 230 Pages I Global Market Insights
The Global Flight Management System (FMS) Market was valued at USD 4.2 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2032.The growth of the FMS market is largely driven by the rapid advancements in navigation and communication technologies. Innovations like satellite-based navigation and real-time communication systems have significantly enhanced the accuracy and safety of flight operations. These developments facilitate precise management of flight paths, route optimization through live data, and increased operational efficiency. Airlines are increasingly integrating advanced autopilot systems and predictive maintenance tools into their FMS, further streamlining operations and reducing operational costs.
The market is categorized by component type into hardware, software, and services. In 2023, the hardware segment led the market, capturing 45.3% of the total market share. Hardware components play a critical role in improving aviation operations by ensuring the reliability and performance of the FMS. Advanced avionics systems, including navigation devices, sensors, and communication tools, are essential for processing real-time data and managing flights accurately. These technological advancements support safety, efficiency, and compliance with regulatory standards, prompting airlines to invest in sophisticated systems that enhance overall operational capabilities.
In terms of fit type, the FMS market is divided into line fit and retrofit categories. The line fit segment is projected to experience the highest growth rate, with a CAGR of 8% over the forecast period. This segment is expanding as airlines prioritize the integration of advanced FMS during the aircraft manufacturing process. Installing these systems in new aircraft allows for seamless integration, minimal operational disruptions, and immediate performance benefits. Additionally, the customization of FMS configurations tailored to specific operational needs ensures improved efficiency and safety throughout the aircraft's lifespan.
North America led the global FMS market with a share of 35.4% in 2023 and is expected to maintain its dominant position throughout the forecast period. The region is seeing strong growth, fueled by substantial investments in aviation technology and infrastructure. The demand for advanced FMS solutions is rising among commercial airlines and private jet operators, driven by a push for modernization.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for efficient and safe air travel operations
3.6.1.2 Technological advancements in navigation and communication systems
3.6.1.3 Increasing focus on regulatory compliance and safety standards
3.6.1.4 Surge in demand for sustainable aviation solutions and eco-friendly practices
3.6.1.5 Expansion of the global aviation market and increase in air travel passengers
3.6.2 Industry pitfalls & challenges
3.6.2.1 High implementation costs and complexity of integration
3.6.2.2 Concerns over cybersecurity threats and data privacy issues
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2021-2032 (USD Million)
5.1 Key trends
5.2 Hardware
5.2.1 Visual display unit
5.2.2 control display unit
5.2.3 flight management computers
5.2.4 navigation system
5.2.5 others
5.3 Software
5.3.1 onboard flight management software
5.3.2 Ground support software
5.4 Services
5.4.1 Installation and integration
5.4.2 Maintenance and support
5.4.3 Upgrades and customization
Chapter 6 Market Estimates & Forecast, By Fit Type, 2021-2032 (USD Million)
6.1 Key trends
6.2 Line fit
6.3 Retrofit
Chapter 7 Market Estimates & Forecast, By Aircraft Type, 2021-2032 (USD Million)
7.1 Key trends
7.2 Commercial aircraft
7.2.1 narrow body
7.2.2 wide body
7.2.3 regional transport
7.3 Military aircraft
7.4 Business aviation
7.5 Unmanned aerial vehicles (UAVs)
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Million)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
Chapter 9 Company Profiles
9.1 Airbus SE
9.2 Boeing
9.3 Garmin Ltd.
9.4 General Electric Company
9.5 Honeywell International Inc.
9.6 L3Harris Technologies
9.7 Leonardo S.p.A.
9.8 NAITEC S.R.L.
9.9 Rockwell Collins
9.10 Safran Electronics & Defense
9.11 SKYbrary Aviation Safety
9.12 Thales
9.13 Universal Avionics Systems Corporation
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security