- The key vendors in the global flight navigation system market 2015-2019 are Honeywell, Moog, Northrop Grumman, Raytheon and Rockwell Collins.
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global flight navigation system market 2015-2019. The increase in shift towards NDB is one of the latest trends upcoming in this market. NDB is a radio transmitter, and it operates in very high frequency omni-range (VHF). It has the capability of accessing signals along the curvature of the earth even at long distances. In the US, NDBs are combined with marker beacons in instrument landing systems. The global flight navigation system market is expected to grow at a CAGR of 5.87% during 2014-2019.
Flight navigation systems include autopilot, sensors, flight management systems, global navigation satellite systems (GNSS), automatic direction finders, and other equipment that helps in navigating an aircraft. These systems reduce the requirement for human intervention and lighten pilot workload.
“Greater demand for the latest avionics and advancements in technology has led to the use of more efficient and precise flight navigation systems,” says Faisal Ghaus, Vice President of Technavio Research.
“Technological advancements like flight management systems help in enhancing the ways to manage air traffic, reduce noise, improve complete flight plans, and minimize carbon dioxide emission.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Flight Navigation System Market 2015-2019, please send an e-mail to media@TechNavio.com
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