The Report “Europe Commercial Flight Management System Market by Cockpit Architecture (VLA, WBA, NBA, & RTA), By Hardware Type (VDU, CDU, & FMC), By Geography (U.K., France, Germany, and Russia) - Analysis & Forecast to 2019” is estimated to reach $204.6 million by 2019, growing at a CAGR of 7.4% from 2014 to 2019.
Browse through the TOC of the Europe Commercial Flight Management System Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Passenger traffic and aircraft orders in Europe have led to the incessant rise in the overall demand for commercial flight management systems. New product launches as well as partnerships and collaborations are considered as key growth strategies adopted by the leading market players in order to enhance market visibility in the commercial flight management system market. The demand for NextGen avionics is majorly driven by the shifting trend in aviation industry, wherein aircraft deliveries and aircraft in operation have progressively influenced the growth of the commercial flight management system market.
The Europe commercial flight management system market is driven by a wide range of factors, such as enhanced capability of avionics systems for Nextgen aircraft, improvisation in operational planning of airlines, and need for efficient fuel management among others. The ongoing demand for FMS system is largely dependent on the increase in passenger travel and growing adoption of flight management systems in aircraft. However, slow economic growth dampening the near term prospects, aircraft backlogs, and limited data storage capacity are acting as major market restraints of the Europe commercial flight management system market.
The Europe commercial flight management system market is segmented on the basis of cockpit architecture, hardware type, and geography. On the basis of cockpit architecture, this market is classified into very large aircraft, wide body aircraft, narrow body aircraft, and regional transport aircraft. According to hardware type, this market is segmented into visual display unit, control display unit, and flight management computer. Major countries covered in this market research report are the U.K., France, Germany, and Russia.
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