Market Synopsis of Global Flight Navigation System Market
The Global Flight Navigation System Market is expected to grow at a CAGR of around 7% during 2016-2021. The key factors driving the growth are increasing aircraft fleet, demand for avionics system with gen-next aircraft, demand for accurate flight navigation, capability of handling more air traffic, collision avoidance systems, gyroscopes, and integration of early warning radar.
As per the MRFR analysis, factors restraining the market growth are cyber-attack, high cost of autopilot system, and automation safety issue.
Demand of non-directional beacon, next generation avionics, and demand for aircraft condition monitoring system (ACMS) are the ongoing trends which will impact the market during the forecast period.
Study Objectives of Global Flight Navigation System Market
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Some of the key players in the Global Flight Navigation System Market are
Regional and Country Analysis of Global Flight Navigation System Market
As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period to reach $XX million, to grow at a CAGR of 6%. Whereas, Americas and APAC will grow at a CAGR of XX% and XX%, respectively during the forecast period.
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The report also covers country level analysis:
Americas (North & Latin)
Asia – Pacific
Middle East & Africa
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