North America Flight Management Systems Market

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• North America Flight Management Systems Market is
  Estimated to Reach USD 168.77 Million by 2019

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The North America flight management systems
market is projected to grow to USD 168.77 million
by 2019 at a CAGR of 7.23 during the forecast
period of 2014 to 2019.
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Passenger traffic and aircraft orders in North
America are on the rise which is leading to
increasing demand for flight management system.
New product launches as well as partnerships and
collaborations are the key strategies adopted by
market players to ensure there is higher growth
in the flight management system market.
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The demand for Next Gen avionics is majorly
driven by the trends in aviation industry where
aircraft deliveries and aircraft in operation
have always influenced the industry. The expected
deliveries for narrow body lead among the type of
aircrafts and so the market share of narrow body
during the forecast period.
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The flight management systems market worldwide is
driven by factors such as enhanced capability of
avionics systems for NextGen aircraft,
improvisation in operational planning airlines,
need for efficient fuel management, and the way
forward for line-fit and retrofit.
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Growth in this market will continue to depend
largely on passenger travel as increase in
passenger number will increase the number of
aircraft and flight management system in
aircraft. However, slow economic growth dampening
the near term prospects, aircraft backlogs, and
limited data storage capacity are the key
restraints of the FMS market.
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