Frequently Asked Questions
In 2022, the global Flight Management Systems (FMS) market was valued at USD 2.35 billion.
The Flight Management Systems (FMS) market is estimated to rise at a CAGR of 3.60% between 2023 and 2030, reaching USD 3.01 billion in 2030.
Line Fit is the leading segment by Fit.
Very Large Aircraft is the leading segment by Aircraft Type.
During the forecast period, the Flight Management Computers (FMC) segment is expected to grow at the fastest rate.
North America is driving the growth of the Flight Management Systems (FMS) industry.
The top players include Honeywell International Inc., THALES, GE, and Collins Aerospace. Other major players include Transdigm Group, Inc., Garmin Ltd., Universal Avionics Systems Corporation, Jeppesen, and Navtech Inc.
The main factors driving market expansion include an increase in global aircraft orders and an increase in demand for next-generation flight management systems.
High initial costs, as well as regulatory compliance and certification, are limiting industry growth.
The market’s significant opportunities are increased emphasis on fuel efficiency and sustainability, as well as the rise of autonomous and electric aircraft.