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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).
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