Europe Commercial Flight Management System Market is Expected to grow at a CAGR of 7.4% from 2014 to 2019

Europe, June 25, 2015 (Newswire.com) - In this report, the European commercial flight management system market has been broadly classified on the basis of cockpit architecture, hardware type, and geography. According to cockpit architecture, the market is categorized into narrow body aircraft, wide body aircraft, very large aircraft, and regional transport aircraft.

The wide body aircraft segment in the commercial flight management system is expected to be the fastest growing segment progressing at a CAGR of 7.4% from 2014 to 2019. Factors such as rise in aircraft deliveries, increasing passenger traffic, and need for better fuel efficiency are driving the growth of this market.

The European commercial flight management system market is a competitive market that is dominated by numerous players. Leading players of this market include Thales Group, Honeywell international Inc., and General Electric Company among others. New product launches, agreements, contracts, and joint ventures are major strategies adopted by these players to enhance their position in the Europe commercial flight management system market.

Browse through the market data tables, figures and detailed TOC on the “Europe Commercial Flight Management System Market”.

http://www.micromarketmonitor.com/market/europe-flight-management-systems-8672138564.html

Related Reports

North America Commercial Flight Management Systems Market

In this report, the North America flight management systems market has been broadly classified on the basis of cockpit architecture, hardware type, fit, and country. The major cockpit architecture on the basis of type of aircrafts includes narrow body aircraft, wide body aircraft, very large aircraft and regional transport aircraft.

Flight Management System in wide body aircraft market is expected to be the fastest growing segment in the North America cockpit architecture flight management system market, projected to grow at the fastest CAGR of 7.27% from 2014 to 2019. Factors such as rise in aircraft deliveries, increasing passenger traffic, need for fuel efficiency is further driving the market at a significant pace.

The North American flight management system market is a competitive market with a number of market players. As of 2014, the North American market is majorly dominated by Honeywell international Inc., General Electric Company and Esterline Technologies Corporation.

http://www.micromarketmonitor.com/market/north-america-flight-management-systems-5545315829.html

Asia-Pacific Flight Management Systems Market

A flight management system (FMS) is the core of every aircraft today. Flight management systems control a majority of tasks that were performed manually earlier, such as navigation and managing flight plans. A flight management system has a navigation database which helps pilots by directing flights to their respective destinations.

The Asia-Pacific commercial aviation flight management systems market is expected to grow slowly during the study period (2013-2018). The market estimated at $56.30 million in 2013 and the market is expected to be $65.20 million by 2018. It is expected to grow at a CAGR of 3.00% during this period. Though slow-growing, this market will expand greatly in the long run.

This report provides an in-depth analysis of the APAC flight management system. It also provides an insight into the regional trends to analyze the market share.

http://www.micromarketmonitor.com/market/asia-pacific-flight-management-systems-3451985011.html

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