About the Flight Management Systems (FMS) Market
FMS is a major component, which is used to operate, control, and monitor the aircraft without continuous supervision by the pilot to enhance its capabilities. It is a specialized computer system that automates a wide variety of in-flight tasks, reduces the aircraft weight and information-management workload, enables power saving, and allows easier interaction with air traffic control to avoid accidents. It reduces overall operating costs and results in the faster training of new pilots. FMS also improves the functionality and accuracy along with enhanced situational awareness and safety of both the pilot and the aircraft. In addition, advanced touchscreen displays for FMS are gaining popularity in commercial aircraft market.
Technavio’s analysts forecast the global FMS market to grow at a CAGR of 7.24% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global FMS market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flight Management Systems (FMS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global flight management systems (FMS) market: Honeywell International, Lufthansa Systems, Rockwell Collins, Thales Group, and Universal Avionics.
Other Prominent Vendors in the market are: BAE System, Esterline Technologies, GE Aviation, Jeppesen, and Navtech.
Commenting on the report, an analyst from Technavio’s team said: “One trend that is expected to propel market growth is the emergence of the auto-ground collision avoidance system (GCAS). Automated piloting system monitors the aircraft position and distance from the ground in real time, and drives the plane out of danger when the aircraft is about to crash, and there is no positive response from the pilot. In 2014, the Auto-GCAS developed by NASA, introduced in US Air Force (USAF), saved an F-16 fighter jet and its pilot during combat operations against extremist forces in Syria. Installation of this technology in commercial aircraft can avoid similar tragedies in the future.”
According to the report, a key growth driver for this market is the improvement in safety standards. As aircraft operations become more dependent on FMS, flight crew and pilots must be trained to deal with possible failures. In 2008, United Airlines Flight 731 experienced a glass-cockpit blackout, where all communications to radios, transponders, traffic alert and collision avoidance system (TCAS), and attitude indicators were lost, and half of the electronic centralized aircraft monitor (ECAM) displays failed. However, the presence of backup analog displays for critical flight instruments such as the airspeed indicator and altimeter enabled the pilots to land the aircraft successfully at Newark Airport without radio contact.
Further, the report states that one challenge that could hamper market growth is the safety hazards related to digital cockpit systems.
Honeywell International, Lufthansa Systems, Rockwell Collins, Thales Group, Universal Avionics, BAE System, Esterline Technologies, GE Aviation, Jeppesen, Navtech.