Electronic Flight Bag Market Scope 2023:
The Global Electronic Flight Bag (EFB) market is expected to grow steadily over the next 5 years as more airlines adopt this technology. An EFB is a digitized flight bag that replaces the traditional paper information, such as approach plates, aircraft manuals, and log books. The main advantage of using an EFB is its ability to reduce airline operational costs while simultaneously increasing efficiency. Airlines benefit from enhanced safety practices and improved situational awareness by automatically downloading updates to digital documents in real-time and allowing pilots access to large amounts of data quickly on small tablet devices. This growth in adoption is mainly attributed to FAA’s new regulations which mandate all commercial flights use some form of an approved EFB system. Moreover, advancements in hardware, software, and services are broadening their use beyond just airline operations with applications for weather services and flight training facilities in the near future.
The Electronic Flight Bag (EFB) market is on the rise as airlines seek to reduce costs, increase efficiency, and improve safety. This digital cockpit solution allows pilots to comparison shop aircraft performance data, have a more detailed awareness of weather conditions, and access real-time information quickly and easily via smart devices hosted on the flight deck. Aside from its obvious cost savings benefits, EFB technology enables pilots to experience improved fuel management, reduced maintenance downtime and significant time savings -all enhanced by relying less on paper documentation.
“Electronic Flight Bag Market Size was valued at USD 2.67 billion in 2022 and is expected to reach USD 4.42 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030.”
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Major Key Players Analysis are covered in Electronic Flight Bag Market are listed below:
- Esterline CMC Electronics
- Ramco Systems UTC Aerospace Systems
- m Teledyne Controls LLC
- DAC International Inc
- The Boeing Company
- Navarro AB
- Lufthansa Systems
- International Flight Support
- L-3 Communications Holdings Inc
- Thales Group
- Astronautics Corporation of America
- CMC Electronics
- Airbus Group SE
- Rockwell Collins Inc
Price analyses, revenue estimates, gross profit margins, corporate expansion strategies, and other critical factors are included in the research, providing readers with a comprehensive understanding of each company in the market. In the Electronic Flight Bag industry, mergers and acquisitions, joint ventures, product launches, brand promotions, partnerships, corporate and government agreements, and other activities are all investigated.
The report covers the growth process, as well as macroeconomic and microeconomic factors, raw material source studies, and other technical data. The study includes both downstream and upstream market fundamentals for a complete value chain analysis. In the study, the Electronic Flight Bag market is further segmented by type, application, and region, with information on the segments with the highest penetration and profit margins, as well as current regional trends.
Major Segments and Sub-Segment of Electronic Flight Bag Market are Listed Below:
Segments BY TYPE
Segments BY PLATFORM
- Commercial Aviation
- Business and General Aviation
- Military Aviation
Segments BY COMPONENT
Segments BY END USER
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In this study, the years considered to estimate the market size of Electronic Flight Bag are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
COVID-19 Impact Analysis
This research report examines the impact of the epidemic on demand and patterns, as well as the significant market challenges it has caused. This aspect of the research will aid market participants in preparing for future pandemics. The impact of the COVID-19 pandemic on the Electronic Flight Bag market, as well as important trends, are investigated during the market study. This report thoroughly examines the impact of the COVID-19 pandemic on market growth in the present and future. This critical information will assist market participants in preparing for a pandemic.
Reasons to Purchase the Electronic Flight Bag Market Report
- An in-depth segmentation research with detailed statistics, as well as a thorough examination of the Electronic Flight Bag market.
- An in-depth examination of the competitive landscape to provide businesses with a competitive advantage.
- A snapshot of the market’s ever-changing dynamics that will have a significant impact on the market during the forecast period.
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Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Global Electronic Flight Bag Market Segmentation, By Type
- Global Electronic Flight Bag Market Segmentation, By Platform
- Global Electronic Flight Bag Market Segmentation, By Component
- Global Electronic Flight Bag Market Segmentation, By End-User
- Regional Analysis
- Company Profiles
- Competitive Landscape
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