Flight Navigation System Market Size (2024 - 2029)

Flight Navigation Systems Market Analysis

The flight navigation system market is anticipated to witness a CAGR of above 6% during the forecast period (2022 - 2027)

The outbreak of COVID-19 has massively impacted the growth of the market. For most of 2020, most international flights were grounded, and domestic flights were operating at half their capacity. Although the situation improved in 2021, the traffic was well below the pre-pandemic levels. This has forced several airlines to postpone their aircraft procurement plans in the commercial sector, thereby hindering market growth.

Moreover, the increasing procurements of aircraft in the general aviation sector, along with the rebound in passenger traffic and increasing military spending of several countries globally, are anticipated to drive the growth of the market during the forecast period.

The mandates made by the regulatory bodies of commercial aviation are making the airlines integrate advanced systems in their fleet to create safe and efficient airspace. For instance, the FAA mandated the use of ADS-B Out on the aircraft operating in most controlled US airspace by January 2020. Such regulations may propel the demand for flight navigation systems during the forecast period.

The development of advanced autonomous aircraft and regional satellite navigation systems is anticipated to boost the growth of the flight navigation systems market in the future.

Flight Navigation Systems Industry Segmentation

The flight navigation system is used to determine the aircraft's accurate position, which helps the pilot follow the instructed path. The flight navigation system market study includes all the flight navigation systems used in military, commercial, and general aviation aircraft. All the avionics parts and systems that may be used for navigation and communication of the position of the aircraft with the ground station and other aircraft have been included in the study.

The flight navigation system market is segmented by communication type, application, flight instrument, systems, and geography. By communication type, the market is segmented into radio and satellite. By application, the market is segmented into civil & commercial aviation and military aviation. By flight instrument, the market is segmented into autopilot, altimeter, gyroscope, sensors, and magnetic compass. By systems, the market is segmented into radars, instrument landing systems, inertial navigation systems, collision avoidance systems, VOR/DME, and global navigation satellite systems (GNSS). The report also offers the market size and forecasts for the Flight Navigation Systems Market in major countries across different regions. For each segment, market sizing and forecasts have been done based on value (USD billion).