Flight Navigation System Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4741
Flight Navigation System Market size will witness significant growth during the forecast period due to rise in air traffic across the globe. Moreover, increasing inflight passengers and air freight movement will contribute to the market growth.
The rise in requirement for accurate flight navigation system to operate safely in congested air space will support the market dynamics. The rise in inflight passengers and increasing air traffic are supporting the growth prospects. For instance, in 2018, the total number of inflight passengers reached 4.3 billion, which is 6.4% more compared to the previous year.
Major airline operators across the globe are engaged in increasing their fleet capabilities to cater to the rise in demand. This will increase the market growth of manufacturing as well as in the aftermarket, positively impacting the flight navigation system market. For instance, in October 2019, Indigo placed an order of 300 A320 neo aircraft to cater the rise in demand.
Technological development in flight navigation systems enabling real-time three-dimensional location will improve the market opportunities. Major industry players are significantly investing in the design and development of these systems, increasing market competitiveness. For instance, in April 2020, UAV Navigation announced the ramping up of research & development efforts to improve its visual navigation systems. The efforts will allow the company to overcome challenges faced by the UAS/RPAS sector.
Change in regulatory norms to improve navigational accuracy to operate in certain airspace will propel the market growth. For instance, the FAA issues and ADS-B mandates where aircraft are expected to retrofit ADS-B surveillance system, allowing them to improve navigational accuracy.
The sudden outbreak of COVID-19 will impose a moderately negative impact on the flight navigation system market. Limited aircraft activities and temporary shutdown of various manufacturing & MRO plants have reduced the requirement of navigation systems in OEM as well as in the aftermarket.
The military segment in the market will witness a significant growth rate between 2020 and 2026. The growth can be witnessed by rising geopolitical tension across the globe and efforts taken by major industry participates to integrate latest navigation technologies and communication systems, such as C4ISR and Satellite Communication (SATCOM), in existing navigation systems. It will improve accuracy as well connectivity of existing navigation systems.
The fixed wing aircraft will capture substantial market share in the coming years due to the rising efforts of major aircraft manufacturers to increase their pace of deliveries and minimize backlog orders. This will also improve the demand for navigation systems. For instance, in 2018, Airbus delivered 800 aircraft with a total backlog of 7,577 aircraft. In 2019, Airbus delivered 863 aircraft with total backlog orders reduced to 7,482 aircraft. Meanwhile, the company was also able to gain new orders of 768 aircraft.
GPS within the component segment of flight navigation system market is set to witness significant growth rate due to ongoing technological developments within the vertical. Establishment of various connected technologies along with satellite communication and connected networks will improve the accuracy of GPS, supporting the market penetration. For instance, in February 2020, the Indian Space Research Organization (ISRO) and Airport Authority of India (AAI) together introduced GPS-Aided Geo-Augmented Navigation (GAGAN). The system aims to improve landing accuracy of aircraft. The development cost of this system was tagged at USD 7.7 billion.
The autopilot segment will witness significant growth rate within the forecast timeframe. Increasing demand for flight operations with limited supply of pilots capable of operating flights effectively has generated the demand for comprehensive autopilot system. Major industry players are grabbing this opportunity and launching advanced autopilot systems, allowing them to increase their market share. For instance, in January 2020, Airbus demonstrated a fully automatic vision-based takeoff system.
New product development, long-term delivery, and modification contracts are some primary strategies practiced by various industry players operating in the sector. Major players operating in flight navigation system market are Esterline Technologies Corporation, Garmin Ltd., Honeywell International Inc., MOOG, Inc., Northrop Grumman Corporation, Raytheon Company, Rockwell Collins, Inc., the Boeing Company, and Universal Avionics Systems Corporation.
Market, By Type, 2015 - 2026 (USD Million)
Market, By Platform, 2015 - 2026 (USD Million)
- Fixed wing aircraft
- Rotary wing aircraft
Market, By Component, 2015 - 2026 (USD Million)
- Magnetic compass
Market, By product, 2015 - 2026 (USD Million)
- Flight control system
- Flight management system
- Communication, Navigation and Surveillance (CN&S) system
The above information has been provided for the following regions and countries:
- North America
- New Zealand
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Esterline Technologies Corporation
- Garmin Ltd.
- Honeywell International Inc.
- MOOG, Inc.
- Northrop Grumman Corporation
- Raytheon Company
- Rockwell Collins, Inc.
- The Boeing Company
- Universal Avionics Systems Corporation
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