Market Share of Flight Navigation System Industry
The flight navigation system market is fragmented, with many suppliers providing various instruments, like antennas, gyroscopes, altimeters, and sensors. Some prominent players in the flight navigation system market are Collins Aerospace (Raytheon Technologies Corporation), Honeywell International Inc., Northrop Grumman Corporation, Garmin Ltd, and Thales Group. Collins Aerospace and Honeywell International Inc. are two major companies that offer aircraft navigation aids to commercial segments. On the other hand, BAE Systems PLC, Raytheon Company, and Northrop Grumman Corporation, among others, are some of the prominent companies that provide navigation equipment to military aircraft. The development of new and advanced positioning systems to accurately locate and navigate the aircraft to its destinations is anticipated to support the companies' long-term growth. However, the faulty parts and components manufactured by the companies have recently led to accidents and risks to the lives of people on board aircraft. Such situations may hamper the partnerships of the OEMs and component or system providers, thereby hindering their growth.
Flight Navigation Systems Market Leaders
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Honeywell International Inc.
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Northrop Grumman Corporation
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Garmin Ltd
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Thales Group
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Collins Aerospace (Raytheon Technologies Corporation)
*Disclaimer: Major Players sorted in no particular order
