Category: Technology News

Global Flight Management System Market 2015 is expected to reach $10.6 Billion by 2022 growing at a CAGR of 7.42%

The Global Flight Management System market accounted for $ 5.98 Billion in 2014 and it is expected to reach $10.6 Billion by 2022 growing at a CAGR of 7.42% . The introduction of new aircraft will facilitate airlines to reinforce their existing competitive strategies and may allow them to develop capabilities that enable new ways to grow in the market. The delivery of upcoming aircraft such as A320neo, and C919, B737max, B787-9, drives the market of technically advanced flight management systems.

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The growing demand for performance-based navigation, which includes preparing user-defined flight plans and efficient fuel management during the Global Flight Management System Market 2015flight are important functions of FMS, which play a fair role in increasing its demand for the Wide Body Aircraft (WBA). The demand for WBA is rising significantly across the globe due to a rise in passenger traffic. The escalating connectivity between the main geographical locations of growing regions and the most developed urban regions has led to a boost in the demand for fuel efficient aircraft in order to reduce the travelling costs.

The Flight Management System Market is segmented by Cockpit Architecture i.e., Very Large Aircraft(VLA), Narrow Body Aircraft(NBA), Wide Body Aircraft(WBA), Regional Transport Aircraft(RTA) and by hardware it is segmented into Visual Display Unit (VDU), Flight Management Computer (FMC), Control Display Unit (CDU) and by Maintenance it is classified into Line-Fit Market and Retro-Fit Market.

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The Key players in Flight Management System(FMS) Market are Honeywell International Inc, Thales Group, General Electric, Esterline Technologies Corporation, Rockwell Collins, Universal Avionics and Jeppesen Inc.

Global Enterprise Mobility Market 2015 is expected to reach $11.2 billion by 2022

The Global Enterprise Mobility market is estimated to be $6.6 billion in 2014 and is expected to reach $11.2 billion growing at a CAGR of 6.83% during the forecast period 2014 to 2022. The growing cellular subscriber base and enhanced telecommunication infrastructure in terms of robustness, providing consistent connectivity anytime and anywhere, and on the whole increase in network coverage are the major drivers for the Enterprise Mobility market. The budding acceptance from large and small & medium businesses, and beginning of sophisticated mobile devices such as smart phones, PDA’s, and hand held devices are other driving factors that will stimulate the enterprise mobility market in the coming years. The major restraints in this market are the management and fulfillment issues and security risks associated with use of personal devices.

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The Global Enterprise Mobility Market is segmented on the basis of Software, Industry, End user, Service and Geography. On the basis of Software,Enterprise Mobility Market 2015 the market is categorized into Mobile Enterprise Application Platform (MEAP) Software, Mobile Enterprise Management (MEM) Software, Mobile Enterprise Security (MES) Software, Mobile Device Management (MDM) Software, Mobile Application Management (MAM) Software and others. On the basis of End User, the market is segregated into Small & Medium Business (SMB) and Large Scale Enterprises. The market is categorized on the basis of Industry into Healthcare, Manufacturing, IT and Telecom, Automotive, Defense and Government, Transport and Logistics, Consumer goods and Retail, Banking and Insurance and others. Global Enterprise Mobility Market by Service is segregated into specialized Services and Maintenance. Global Enterprise Mobility Market by geography is categorized into North America, Europe, Asia Pacific and Rest of the World.

The key players in Global Enterprise Mobility Market are Accenture, Deloitte, Hewlett- Packard Development Company, Kaspersky Lab, McAfee Inc, Tata Consultancy Services Ltd, BlackBerry Limited, SAP AG, McKesson Corporation, and Citrix Systems Inc.

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