Global Flight Support System Market Overview:
The flight support system is a very crucial part of flight management which is necessary to make flight-related operations safe. The activities include ground and in-flight services like dispatch, ground handling, fueling, weather, and planning services. The flight support system ensures safe flying so that the operator or aviation specialist can perform best. Attitude and heading reference system (AHRS) and air data computer (ADC) are two main systems used in the flight support system.
Growth Drivers
- Need for Support System in the Aviation Industry for Proper Management of All Operations Ensuring Safety
- Increasing Number of Flight Related Accidents
Roadblocks
- High-Cost Investment in the Flight Support System
Opportunities
- Growing Government Project and Investment for Military Safety will Boost the Flight Support System Market used in Military Application
Challenges
- Stringent Regulatory Guidelines on the Flight Support System
Competitive Landscape:
Some of the key players profiled in the report are Collins Aerospace (United States), Honeywell Aerospace (United States), Thales Group (France), BAE Systems plc (United Kingdom), HEICO Corporation (United States), FreeFlight Systems, Inc. (United States), Safran S.A. (France), The Curtiss-Wright Corporation (United States), Saab AB (Sweden), Lockheed Martin Corporation (United States), Genesys Aerosystems (S-Tec Corporation) (United States), Liebherr (Germany), Woodward, Inc. (United States), General Atomics (United States) and ASELSAN (Turkey). Considering Market by Product, the sub-segment i.e. Attitude and Heading Reference System (AHRS) will boost the Flight Support System market. Considering Market by Component, the sub-segment i.e. Software will boost the Flight Support System market.
Latest Market Insights:
On 24th February 2020, The ACR Group confirmed an agreement to acquire FreeFlight Systems, a leading designer and manufacturer of avionics systems that improve safety, efficiency, and affordability for the aviation industry. FreeFlight Systems will report to ACR Electronics, Inc.
What Can be Explored with the Flight Support System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Flight Support System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Flight Support System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Flight Support System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Flight Support System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Flight Support System Manufacturers, Flight Support System International Traders, Flight Support System Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.