Zion Market Research Global Flight Navigation System (FNS) Market, 2016 | Page 3

Flight Navigation System (FNS) Market
Global Flight Navigation System (FNS) Market: Segmentation
Flight navigation system plays the vital role in managing and controlling the flight
operations. The global flight navigation system (FNS) is broadly segmented based on the
products this includes flight control system, flight management system, the Navigation
system, surveillance, and communication system. Further based on the application it is
diversified as fixed-wing, narrow-body aircraft, wide-body aircraft, very large aircraft,
regional aircraft, and rotary-wing. Moreover, on the basis of flight Instrument, the global
market is bifurcated as autopilot, altimeter, magnetic compass, gyroscope, and various
sensors.
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Global Flight Navigation System (FNS) Market: Growth Factors
Key motivating factors for the global flight navigation system market (FNS) include
increasing orders for aircraft around the globe and augmenting air traffic. Growing demand
for precise navigation and advancement in technologies are also anticipated to generate
business prospect for the key players in this market. However, Upgraded fuel efficiency is
estimated to present huge business opportunities for existing as well as upcoming potential
players in the market. Rising incidences of plane crashes have forced the manufacturers to
upgrade the navigation system, due to which large demand of these products is generated
thus, driving the growth of the global market. Manufacturing cost and intricacy of the