DALLAS, April 9, 2015 /PRNewswire/ --

According to a new market research report "Flight Navigation System Market by Product (Avionics systems, Communication systems), Flight Instrument (Altimeter, Gyroscope, Autopilot, Sensors), Application (Commercial, Military) & by Geography - Forecast & Analysis to 2014 - 2020", published by MarketsandMarkets, the global Flight Navigation Systems Market is estimated to be around $10392.87 Million in 2014 and is projected to reach $15687.22 Million in 2020, growing at a CAGR of 7.10% from 2014 to 2020.

Browse 78 market data tables and 63 figures spread through 172 pages and in-depth TOC on  "Flight Navigation System Market"

http://www.marketsandmarkets.com/Market-Reports/flight-navigation-system-market-97431038.html

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The global flight navigation systems market can be segmented on the basis of flight instruments, product type, and navigation system for unmanned aircraft systems, application, and geography. The various products covered in this report consist of radar, Hyperbolic navigation systems, GNSS, ILS, INS, VOR/DME, Automatic Direction Finder, Doppler Navigation system, FMS, and heads up display. The various technological trends considered in this report are performance based navigation, inertial reference systems, and replacing marker beacons by DME.

The flight navigation systems market is highly competitive. This report studies the growth strategies adopted by the market players. The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements , collaborations , joint ventures, mergers , acquisitions, and new product launches.

The increasing demand for better fuel management system and increased deliveries, as well as high growth in the emerging market has encouraged company to adopt the growth strategies. Market players are focusing on entering new markets by launching new innovative products. Rockwell Collins (U.S.), Raytheon Company (U.S.), and Honeywell International Inc. (U.S.) are some of the leading players that adopted this strategy in order to develop their business. This report provides a deep dive analysis of the global flight navigation systems market and highlights the key drivers, restraints, and challenges which prevail in the market. It also provides an in-depth insight on the key market and technological trends of this market. A porters five forces analysis of this market is incorporated in this report along with the opportunity analysis, based on the upcoming products and prospective growth regions for the global flight navigation systems market.

In this report, a complete geography-wise analysis of the global Flight Navigation Systems Market is also projected, which includes product-level segmentations across North America, Europe, Asia-Pacific, the Middle-East, and Latin America & Africa.

This report also incorporates the competitive landscape of this market based on various developments, contracts, programs, and new product launches for the past five years. The global key market players engaged in manufacturing flight navigation systems are highlighted in this report along with their product portfolio, recent developments, SWOT analysis, and market revenue analysis for the past three years.

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The major companies involved in the manufacturing of flight navigation systems are Honeywell International Inc. (U.S.), Rockwell Collins (U.S.), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and The Boeing Company (U.S.), dominates this market and are expected to strengthen their market position across the globe during the forecast period. Moog Inc (U.S.), Sagem (France), Universal Systems Avionics Corporation (U.S.), Garmin Ltd. (Switzerland), and Esterline Technologies Corporation (U.S.), are the other significant key players in the global flight navigation systems market.

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