Flight Navigation System Market Share

Market Share of Flight Navigation System Industry

The flight navigation system market is fragmented and features a diverse array of suppliers, offering a range of instruments such as antennas, gyroscopes, altimeters, and sensors. Notable players in this market include RTX Corporation, Honeywell International Inc., Northrop Grumman Corporation, Garmin Ltd., and THALES.

While RTX Corporation and Honeywell International Inc. are key providers of aircraft navigation aids for commercial applications, BAE Systems plc, Garmin Ltd., and Northrop Grumman Corporation primarily serve the military aircraft segment.

These companies focus on developing advanced positioning systems to enhance aircraft navigation accuracy, a move expected to bolster their long-term growth. However, recent incidents involving faulty components have raised safety concerns, potentially straining partnerships between OEMs and system providers and impeding their growth.

For example, in February 2024, Malaysia Airlines Berhad (MAB) inked a deal with Collins Aerospace, a subsidiary of RTX Corporation, for avionics hardware and support for its B737-8 fleet. Collins Aerospace will supply MAB with mission-critical systems, including air data sensors, as part of its DispatchSM solution. This collaboration is designed to enhance MAB's operational efficiency and reliability by ensuring access to OEM-certified spares, repairs, and services, all at a predictable cost and with swift turnaround times.

Flight Navigation Systems Market Leaders

1. Honeywell International Inc.

2. Northrop Grumman Corporation

3. RTX Corporation

4. THALES

5. Garmin Ltd.

*Disclaimer: Major Players sorted in no particular order