Market Size of Flight Navigation System Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Flight Navigation Systems Market Analysis
The flight navigation system market is anticipated to witness a CAGR of above 6% during the forecast period (2022 - 2027)
The outbreak of COVID-19 has massively impacted the growth of the market. For most of 2020, most international flights were grounded, and domestic flights were operating at half their capacity. Although the situation improved in 2021, the traffic was well below the pre-pandemic levels. This has forced several airlines to postpone their aircraft procurement plans in the commercial sector, thereby hindering market growth.
Moreover, the increasing procurements of aircraft in the general aviation sector, along with the rebound in passenger traffic and increasing military spending of several countries globally, are anticipated to drive the growth of the market during the forecast period.
The mandates made by the regulatory bodies of commercial aviation are making the airlines integrate advanced systems in their fleet to create safe and efficient airspace. For instance, the FAA mandated the use of ADS-B Out on the aircraft operating in most controlled US airspace by January 2020. Such regulations may propel the demand for flight navigation systems during the forecast period.
The development of advanced autonomous aircraft and regional satellite navigation systems is anticipated to boost the growth of the flight navigation systems market in the future.
Flight Navigation Systems Industry Segmentation
The flight navigation system is used to determine the aircraft's accurate position, which helps the pilot follow the instructed path. The flight navigation system market study includes all the flight navigation systems used in military, commercial, and general aviation aircraft. All the avionics parts and systems that may be used for navigation and communication of the position of the aircraft with the ground station and other aircraft have been included in the study.
The flight navigation system market is segmented by communication type, application, flight instrument, systems, and geography. By communication type, the market is segmented into radio and satellite. By application, the market is segmented into civil & commercial aviation and military aviation. By flight instrument, the market is segmented into autopilot, altimeter, gyroscope, sensors, and magnetic compass. By systems, the market is segmented into radars, instrument landing systems, inertial navigation systems, collision avoidance systems, VOR/DME, and global navigation satellite systems (GNSS). The report also offers the market size and forecasts for the Flight Navigation Systems Market in major countries across different regions. For each segment, market sizing and forecasts have been done based on value (USD billion).
Communication Type | |
Radio | |
Satellite |
Application | |
Civil and Commercial Aviation | |
Military Aviation |
Flight Instrument | |
Autopilot | |
Altimeter | |
Gyroscope | |
Sensors | |
Magnetic Compass |
Systems | |
Radars | |
Instrument Landing Systems | |
Inertial Navigation Systems | |
Collision Avoidance Systems | |
VOR/DME | |
Global Navigation Satellite Systems (GNSS) |
Geography | ||||||
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Rest of the World |
Flight Navigation System Market Size Summary
The flight navigation system market is poised for significant growth, driven by a combination of regulatory mandates, technological advancements, and increasing demand in both civil and military aviation sectors. The market, which experienced a downturn due to the COVID-19 pandemic, is rebounding as passenger traffic increases and military spending rises globally. Regulatory bodies are pushing for the integration of advanced navigation systems to enhance airspace safety, which is expected to boost market demand. The development of autonomous aircraft and regional satellite navigation systems further supports this growth trajectory. The civil and commercial aviation segment currently dominates the market and is projected to continue its leadership, fueled by rising orders and deliveries of commercial aircraft and the need for advanced navigation and control systems.
The Asia-Pacific region is anticipated to be a major contributor to the market's expansion, driven by a growing fleet of commercial and military aircraft. Countries like China and India are at the forefront, with substantial aircraft order backlogs and increasing military modernization efforts. The region's defense budgets and new aircraft projects are expected to drive demand for next-generation navigation systems. The market is characterized by fragmentation, with numerous suppliers offering a range of instruments. Key players include Collins Aerospace, Honeywell International Inc., Northrop Grumman Corporation, Garmin Ltd, and Thales Group, each contributing to the development of advanced positioning systems. However, challenges such as faulty components pose risks to growth and partnerships within the industry.
Flight Navigation System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecasts by Value - USD million, 2018 - 2027)
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2.1 Communication Type
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2.1.1 Radio
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2.1.2 Satellite
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2.2 Application
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2.2.1 Civil and Commercial Aviation
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2.2.2 Military Aviation
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2.3 Flight Instrument
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2.3.1 Autopilot
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2.3.2 Altimeter
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2.3.3 Gyroscope
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2.3.4 Sensors
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2.3.5 Magnetic Compass
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2.4 Systems
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2.4.1 Radars
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2.4.2 Instrument Landing Systems
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2.4.3 Inertial Navigation Systems
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2.4.4 Collision Avoidance Systems
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2.4.5 VOR/DME
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2.4.6 Global Navigation Satellite Systems (GNSS)
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.2 Europe
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2.5.2.1 United Kingdom
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2.5.2.2 France
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2.5.2.3 Germany
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2.5.2.4 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 India
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2.5.3.3 Japan
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2.5.3.4 Rest of Asia-Pacific
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2.5.4 Rest of the World
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Flight Navigation System Market Size FAQs
What is the current Flight Navigation System Market size?
The Flight Navigation System Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Flight Navigation System Market?
Honeywell International Inc., Northrop Grumman Corporation, Garmin Ltd, Thales Group and Collins Aerospace (Raytheon Technologies Corporation) are the major companies operating in the Flight Navigation System Market.