Pune, India, June 08, 2021 (GLOBE NEWSWIRE) — The global helicopter flight management system market is expected to grow substantially during the forecast period because of the advancements in technological systems. Fortune Business Insights™ mentions this information in its report titled "Helicopter Flight Management System Market, 2021-2028."
The technological innovations in helicopter flight management systems help manage information, improve aircraft's energy efficiency, and improve communication with the Air Traffic Control (ATC) to eliminate accidents. This technology is a very important element in a flying vehicle as it eliminates potential risks that the pilot and flyers may encounter. The technology enables the automatic supervision of the aircraft and reduces the need for monitoring the aircraft regularly. For example, Airbus added new features in its helicopter named "Flightlab" in April 2021 to reduce the amount of work on the pilot by automatically monitoring the working of the aircraft.
Impact of COVID-19
Lockdown Regulations to Negatively Affect Market Growth
The aviation industry is negatively affected during the COVID-19 pandemic because of the closure of transport activities. Governments have imposed stringent regulations regarding manufacturing activities. The decline in air passengers has led to the downfall of demand for the product in aircraft.
Further, the need for raw materials for creating a vaccine is promoting import and export activities. However, it is difficult to predict the market growth because of the sudden spike in COVID-19 patients, leaving the market in a frenzy.
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Full story available on Benzinga.com