Global Aviation Navigation Software Market Overview:
Aviation navigation software provides real-time moving to the aircraft. It is a map navigation application. Depending upon the type of aircraft the navigation software is installed. Aviation navigation software is in higher demand by developing countries. It fosters the implementation of global air traffic management by meeting the levels of safety, it also provides optimum economic operations and meets national security requirements. It also faces some limitations like Difficulty in the implementation of ground-based CNS facilities in large parts of the world. The global aviation navigation software market is expected to grow at a moderate pace during the forecast period. The rising demand for automation across different aviation operations is expected to be one of the major factors aiding the growth of the market. However, the market had witnessed a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand from The Developing Countries and Implementation of AI in Aviation Navigation Software
Market Growth Drivers:
Increase in Airspace Congestion for Aircrafts, Rising Demand for Automation in Aviation Navigation, Increasing Demand for Advanced Navigation Tools and Increase in the Aircraft Manufacturing and Modernization
Challenges:
Availability of Open Source Platforms
Restraints:
High Maintenance Cost of The Software
Opportunities:
Opportunities Across the Asia Pacific Region and Growing Ability to Adopt To the Rapidly Changing Advanced Technology
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Rockwell Collins (United States), Mavtech (United States), Airbox Aerospace (United Kingdom), Copperchase Limited (United Kingdom), Dynon Avionics Inc (United States), Embention (Europe), Gmv (Spain), Beidou (China), IDS Ingegneria Dei Sistemi S.p.A. (Italy), Kongsberg Geospatial Ltd. (Canada), NAVBLUE (Canada), NAVCANATM (Canada), Next Ingegneria dei Sistemi P.IVA (Itay) and Resa Airport Data Systems (France). Additionally, following companies can also be profiled that are part of our coverage like Sita (Switzerland), Skydemon (United Kingdom), Topsystem Systemhaus GmbH (Germany) and Vniira (Russia). Analyst at AMA Research see European Manufacturers to retain maximum share of Global Aviation Navigation Software market by 2028. Considering Market by Deployment Type, the sub-segment i.e. On-Premise will boost the Aviation Navigation Software market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Aviation Navigation Software market.
Latest Market Insights:
In March 2023, According to an executive from AAR Corp., the acquisition of Trax USA Corp., an aviation MRO and fleet management software company for USD120 million, is a strategic move by the Illinois-based aviation aftermarket solutions provider to strengthen their digital capabilities.
In June 2023, During the Paris Air Show, Dassault Systèmes and Dassault Aviation revealed their latest initiative in their ongoing partnership. This collaboration aims to provide top-tier security, sovereignty, and collaborative capabilities on the cloud for significant defense programs.
What Can be Explored with the Aviation Navigation Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aviation Navigation Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aviation Navigation Software
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 Aviation Navigation Software 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 Aviation Navigation Software 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 Providers of Aviation Navigation Software, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users 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.