Market Highlights
The global flight management systems market has been segmented based on component, aircraft type, fit, and region.
Based on component, the flight management systems market is divided into control display unit (CDU), flight management computer (FMC), and multi-function display (MFD). The flight management computer segment is estimated to account for the largest market share while the control display unit segment is projected to witness a higher CAGR during the forecast period. The control display unit provides the primary human/machine interface for data entry and information display. It also allows the flight crew to select the various flight management system operating modes.
Based on aircraft type, the flight management systems market is divided into narrow-body aircraft, wide-body aircraft, others. The narrow-body aircraft segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. Meanwhile, some major widebody aircrafts include the Airbus A300, A310, A330, A340, A350 and A380; the Boeing B-747, B-767, B-777, and B-787. These aircraft are in demand for the routes with higher traffic, usually connecting international destinations, and primarily used for long haul journey. As of 2016, there were more than 5,000 widebody aircraft across the globe.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increase in aircraft production and deliveries in the Asia Pacific region. China, India, and Japan are key markets for flight management systems in this region.

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