Flight Navigation Market Set To Soar

The global flight navigation systems market was worth an estimated $10.4bn in 2014, according to a report by MarketsandMarkets.

The global flight navigation systems market was worth an estimated $10.4bn in 2014, according to a report by MarketsandMarkets.

The paper predicts the market will grow by 7.1 per cent from 2014 to 2020, and will then be worth $16.7bn.

The market is being strengthened by increasing demand for better fuel management systems and increased deliveries, as well as high growth in emerging markets, the report said.

The authors also conclude that the market will remain highly competitive leading players to expand their share through collaborations, joint ventures, mergers, acquisitions, and new product launches.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish