Increase in procurement and delivery of aircrafts, majorly commercial aircrafts, is responsible to drive the growth of the Aircraft Navigation Software Market. Other factors that drives the aircraft navigation software industry are standard regulations set in the aviation industry and increase in airspace congestion for aircrafts. Development of advanced autonomous regional satellite navigation systems is anticipated to boost growth of the aircraft navigation software market in the future.
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Air Navigation is a real-time aircraft moving map navigation application for various devices such as mobiles & desktops. It contains free maps of the entire world as well as official instrument flight rules (IFR) and virtual flight rules (VFR) charts for many countries. It includes thousands of airports and waypoints, elevation information and features route planning, and DIRECT-TO orders to help navigate aircrafts. Pilots have various navigation aids that help them take off, fly, and land safely. Both external navigational aids and on-board systems help navigate any aircraft over thousands of miles with accuracy.
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By geography, it is analyzed across North America, Europe, Asia-Pacific, Latin America ,the middle East and Africa. Key players profiled in the report include Honeywell International Inc., Airbox Aerospace Limited, Copperchase Limited, Dynon Avionics, Kongsberg Geospatial Ltd., Rockwell Collins Inc., Zamar AG, Raytheon Company, Resa Airport Data Systems SAS, The Boeing Company.
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COVID-19 Scenario Analysis:
- COVID-19 pose a risk for travelling as the disease can transmit between humans. Therefore, the aviation industry has been negatively affected.
- India has halted nearly all passenger flights, allowing just evacuation and relief flights. The major Middle Eastern carriers are operating on reduced schedules as the UAE has halted most passenger flights.
- In India, the extended lockdown to contain the COVID-19 pandemic has stalled traffic in airways and is further expected to show losses in the aviation industry. It is expected that the aviation industry would face this with a revenue loss of around Rs 24,000-25,000 crore in India.
- Many airlines are cutting capacity and taking emergency measures to reduce costs. Airlines are doing their best to stay afloat as they perform vital task of linking world’s economies. As governments look to stimulus measures, the airline industry would need consideration for relief on taxes, charges, and slot allocation.
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