The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global Electronic Flight Bag (EFB) market size was USD 5.75 Billion in 2021 and is expected to register a rapid revenue CAGR of 8.3% during the forecast period, according to the latest analysis by Emergen Research. Increasing safety concerns and real-time access of information is a key factor driving market revenue growth. EFB is an electronic device built for crew members and flight decks to perform their flight management work more efficiently and effectively. Rising demand for innovative electronic flight bag solutions improves airline efficiency by reducing ground operation expenses and expediting pilot workflows. For instance, Jeppesen created a set of EFB solutions that enable most important tools and data exchange over aircraft connectivity, lowering expenses of flight plan generation, dissemination, and storage by fully digitizing flight briefing process. In a similar vein, Thales Group created and developed Thales Pad, a flight plan hardware component coupled with Aviobook software package. An Aircraft Interface Device (AID), an electronic flight plan system with performance, dependability, portability, and affordability, provides a seamless connection between this package and avionics suite.
However, EFBs flying in airspace of various countries are subject to various regulatory frameworks, practices, and certifications. EFB producers might therefore require a number of legal authorizations and certificates. For instance, an EFB must first be certified by Federal Aviation Administration (FAA) to be used in the U.S. then it must be recertified by the EASA to be used in the European Union. This is a major factor restraining market revenue growth.
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Report Scope:
Forecast Period: 2022- 2030
CAGR: 11.3%
Base Year: 2021
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Leading Players Profiled in the Report:
Thales Group, Teledyne Controls, Collins Aerospace, The Boeing Company, Jeppesen, Lufthansa Systems, Airbus SAS, DAC International, Esterline Technologies Corporation, and CMC Electronics Inc.
Some Key Highlights from the Report
- The hardware segment is expected to register a significantly fast revenue growth rate during the forecast period.
- EFB hardware includes any portable electronic display equipment created particularly for use in flight deck or cabin. EFB devices may make quick calculations for fuel loading or aircraft performance as well as save and display a wide variety of aviation data.
- The commercial segment is expected to register a substantially fast revenue growth rate over the forecast period due to increasing fleet of commercial aircraft. In addition, rising demand for fuel-efficient aircraft, relentless advancements in aviation technology, including use of lightweight carbon composites for aircraft manufacturing, and increase in number of airline passengers are also driving revenue growth of the market.
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Emergen Research has segmented the electronic flight bag market based on component, platform, type, and region:
· Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
· Platform Outlook (Revenue, USD Billion; 2019–2030)
- Commercial
- Military
· Type Outlook (Revenue, USD Billion; 2019–2030)
- Portable
- Installed
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Electronic Flight Bag market.
Key Questions Answered in the Report:
What is the growth rate of the Electronic Flight Bag market? What is the anticipated market valuation of Electronic Flight Bag industry by 2030?
What are the key growth driving and restraining factors of the Electronic Flight Bag market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Electronic Flight Bag industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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