2014-2019 Global Flight Navigation System Market to See CAGR of 5.87%
November 16, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Flight Navigation System Market 2015-2019"report to their offering.
The global flight navigation system market to grow at a CAGR of 5.87% over the period 2014-2019.
The report includes the present scenario and the growth prospects of the global flight navigation system market for the period 2015-2019. The market can be segmented into three: autopilot, sensors, and altimeter. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global flight navigation system market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Next-generation avionics that are capable of handling more air traffic and a shift toward non-directional beacon (NDB) radio transmitters are the major trends in the market.
According to the report, demand is increasing for the latest avionics systems and accurate flight navigation systems in an effort to continually maximize passenger safety. As a result of advancements in the technology, there have been significant improvements in autopilot systems. These systems reduce the requirement for human intervention and lighten pilot workload.
Further, the report states that the latest generation of aircraft is equipped with Wi-Fi on board, and the costs associated with installing navigation systems are high. These systems are also vulnerable to hacking, which is raising concerns for the Federal Aviation Administration (FAA).
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.