According to the report, a key growth driver for this market is the improvement in safety standards. As aircraft operations become more dependent on FMS, flight crew and pilots must be trained to deal with possible failures. In 2008, United Airlines Flight 731 experienced a glass cockpit blackout, where all communications to radios, transponders, traffic alert and collision avoidance system (TCAS), and attitude indicators were lost, and half of the electronic centralized aircraft monitor (ECAM) displays failed. However, the presence of backup analog displays for critical flight instruments such as the airspeed indicator and altimeter enabled the pilots to land the aircraft successfully at Newark Airport without radio contact.
Further, the report states that one challenge that could hamper market growth is the safety hazards related to digital cockpit systems.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors in the report global aerospace components flight management systems market
Technavio's report, Flight Management Systems (FMS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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