Why Aircraft Windows & Windshields Market is Expected to Witness Slow Growth

Airlines from across the world are emphasizing on improving aircraft efficiency by putting in modern amenities. Increasing demands for comfort and luxury from the air travelers are pushing the airlines to improvise on the existing amenities and replace them with finer and luxurious choices. Superior standard of living, increased global air travel and rising fuel prices are some of the major drivers for the aircraft windows and windshields market. Deliberate improvisations are increasing demands for these amenities, which are expected to drive the global industry at a steady rate. However, the market is expected to maintain a slow progress for the time being, which is estimated to pick up in long-term.

Basic Segmentation

Based on the types of products, the global aircraft windows & windshields market is widely distributed into two segments, namely, cabin windows market and windshields market. Both these segments are further sub-segmented based on the types of aircrafts, their size and demand pattern for different geographical regions. Based on the size of the aircrafts, the global industry is segmented into four types, namely, very large aircrafts (VLA), narrow body aircrafts (NBA), wide body aircrafts (WBS) and regional transportation aircrafts (RTA). Based on geographical locations, the market is segmented into the global market, which is further divided into North America, Latin America, Middle East, Africa, Asia Pacific and Europe.

Key Takeaways

According to the market research reports for the global commercial aviation windows and windshields market, the fleets of commercial aviation are dominated by narrow body planes. With around 63% of aircrafts, NBA is dominating commercial aviation market, which is followed by WBAs (19%), RTAs (14%) and VLAs (4%). Majority of these crafts incorporate normal acrylic windows and windshields. Nevertherless, the advanced machines like Boeing 787 have creative and interactive windows. Smart windows are attracting majority of commercial airlines, which is creating a wave of opportunities for the industry on a long-term basis.

Forecasting Reports

According to the expert analysis, the global industry is expected to grow at an estimated CAGR of 3.25% from 2013 to 2018. At this rate, the market will become worth $635.3 million by the end of 2018. As of 2013, the market is worth $541.6 million. Growth of aviation sector is expected to have positive influence on the aircraft windows and windshields market. Apart from that, growing regional demands, emerging economies, innovative aircraft models, and increasing new entrants in the market are expected to create better business opportunities with new revenue channels for the existing players.

Summary: Improving standard of living, growing air travel and rising expectations from passengers are driving the global aircraft windows & windshields market. Airlines are pushed for innovative designs for windows and window shades, which is creating a greater market for the existing businesses. Creativity and innovation along with growing aviation sector will drive the industry at a steady CAGR.

Flight Management Systems Market is Expecting Growth in Long Term

Airliners today are equipped with modern technological support known as flight management systems or FMS. These highly efficient systems are modified on a constant basis, which makes them even more useful for the modern day avionics. The basic goal of these systems is to reduce the workload from the flight holders, navigators and engineers. Flight management systems market specializes in automation of numerous in-flight tasks, which has increased the efficiency and safety of airplanes. Although moving at a steady rate, the global industry is eying at a great future in the years to come. Currently increasing application area is the biggest driver for the market, which is expected to cross the estimated figures at a slow and steady compound annual growth rate.

Flight Management Systems Market Structure

Biggest task for the flight management systems is to enhance the efficiency of the aircrafts and safety aspect involved in flying. Both these tasks are completed through analysis of flight inputs taken based on the changing flight parameters. These systems will help in optimization of all the aspects of a flight through co-ordination with flight director and auto pilots. Constant improvements and technological advancements are increasing the application areas of these systems, which is a great sign for the global industry for FMS.

Understanding basic segmentation in the market helps researchers to learn about crucial aspects of the industry. These aspects include market trends, drivers, challenges and opportunities. In case of FMS industry, segmentation is based on size of the aircrafts, market stakeholders and geographical demands for the applications of these systems. The market also has a separate segment on accounts of the different types of these management systems. This segment holds influence on research reports for the flightmanagement systems market.

·          Aircrafts Types: Narrow body, very large, wide body and regional transport aircrafts

·         Geography: United States of America, Canada, Russia, Brazil, China and Europe

Market Trends and Forecasting Reports from 2013 to 2018

According to recent study about the market that gives details about the trends and forecasts from 2013 to 2018, the global market is expected to grow at a nominal rate. Since the market is still in its budding stage, this steady growth rate is considered as a positive sign for the future of the industry. According to the market research reports, global FMS market is expected to grow at an anticipated CAGR of 3% within next four to five years. By 2018, the market is expected to become worth $1.8 billion by the end of 2018. According to the same reports, the market is estimated to make remarkable progress in the long run, which is a positive sign for the future investments.

Summary: Steady growth in the global flight management systems market is expected to be a positive sign for the bright future for the industry. Increasing range of application areas is the biggest driver for the industry, which is well supported by constant technological advancements and improvisations in the existing systems in the market. Developing countries in the world are estimated to benefit.