FMS Market To Be Worth $912m In 2020

The global flight management system (FMS) sector will be worth an estimated $912m by 2020 up from $601m today, according to a new report.

The global flight management system (FMS) sector will be worth an estimated $912m by 2020 up from $601m today, according to a new report.

The study carried out by marketsandmarkets concluded that the sector will expand at a compound annual growth rate (CAGR) of 7.2 per cent, with the Asia-Pacific region accounting for the biggest market share followed by Europe and North America.

The researchers pinpoint the FMS retrofit market as a growth area, with a CAGR of 9.96 per cent up to 2020.

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