According to Technavio’s latest market research study, the global light aircraft market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global light aircraft market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global commercial aircraft FCS market: The rise in the number of aircraft is spurring new advancements in FCSs, which will drive the growth of the market during the forecast period. For instance, NASA Dryden Flight Research Center designed an intelligent flight control system (IFCS), which aims to optimize aircraft performance and provide improved safety to the crew and passengers. This system confers control to the pilot even in situations of airframe damage and failure conditions and thereby assist in safe landing.
“Autopilot systems provide point-to-point navigation with the aid of automatic tracking of instrument landing system. These automated systems prevent any unauthorized pilot or potential hijacker from controlling an aircraft. They provide efficient and safer landing operations,” says Avimanyu Basu, a lead analyst at Technavio for research on general aviation.
Global commercial aircraft CN&S systems: CN&S systems constitute cockpit voice recorder, which records radio transmissions and provides sounds of engine noises and pilot’s voices, and flight data recorder, which records aircraft parameters such as airspeed, altitude, and heading. The communication systems support communication between ground bases and the aircraft using radio systems. The recorders aid in effective situation awareness as well as store information including pilot conversation to assist in any later investigation if needed.
Global commercial aircraft FMS market: FMS can provide aircraft airlines with maximum asset utilization and assists in the reduction of aircraft delays, cancellations, diversions, and turnbacks. Owing to such advantages, aircraft manufacturers are increasingly incorporating these systems in new aircraft while MRO service providers focus on upgrading old fleet through the incorporation of FMS systems.
The top vendors operating in the global light aircraft market are:
- Cirrus Aircraft
- Electric Aircraft Corporation
- e-Go Aeroplanes
- ICON Aircraft
- JMB Aircraft
- Textron Aviation
Other prominent vendors in the market include Airbus, Electravia – Propellers E-Props, PC-Aero.
A more detailed analysis is available in the Technavio report titled, ‘Global Light Aircraft Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Air Cargo Security and Screening Systems Market 2015-2019
- Global Airport Snow Removal Vehicles and Equipment Market 2015-2019
- Aviation Market in the APAC 2015-2019
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