Electronic Flight Bag Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
The global ''electronic flight bag market'' sizeis predicted to reach USD 5,426.7 million by 2027, exhibiting a CAGR of 15.17%during the forecast period. The growing number of commercial aircraftdeliveries will have a positive impact on this market growth during theforecast period, states Fortune Business Insights, titled “ElectronicFlight Bag Market Size, Share & COVID-19 Impact Analysis, By Type (Portable(Class 1and Class 2) and Installed), By Component (Hardware and Software), ByPlatform (Commercial and Military), and Regional Forecast,2020-2027” themarket size stood at USD 4,452.2 million in 2019.
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Market Driver:
Rising Adoption of EFB Solutions toBoost Growth
The growing implementation of advancedEFB solutions has led to improved efficiency and reduced operational costs inairlines. Jeppesen, an America software company announced the launch of a suiteof EFB solutions. The advanced EFB tools and data communication enablesaircraft connectivity, reduces flight plan production, distribution, andstorage costs by entirely digitizing the flight briefing process. The surge airtravel passengers will subsequently create growth opportunities for the marketduring the forecast period. The rising demand for technologically advancednext-generation aircraft will foster the growth of the market in theforthcoming years. Moreover, the growing concerns regarding safety andreal-time access to information will consequently enable healthy growth of themarket. In addition, the introduction of innovative EFB software by majorcompanies will contribute positively to the growth of the market during theforecast period. For instance, Thales Group designed an unveiled an EFBhardware integrated with the Aviobook software suite. The new software enablesa seamless connection to the avionics suite through an Aircraft InterfaceDevice (AID).
Market Restraint:
Coronavirus Pandemic to Impede MarketPotential
The COVID-19 pandemic has deleteriouslyimpacted the global market. The decline is new aircraft deliveries during thepandemic will restrict the expansion of the market. The drop-in production anddelivery by major aircraft manufacturers such as Airbus SAS and The BoeingCompany will obstruct the development of the market. The disruption in thesupply chain of electronic flight bags will hinder the overall production anddistribution of EFB units. However, newer guidelines by numerous governmentorganizations around the world will aid in the recovery of the global market.
Regional Analysis:
Presence of Major Players to AugmentGrowth in North America
The market in North America stood atUSD 1,642.4 million and is predicted to rise tremendously during the forecastperiod. The growth in the region is attributed to the launch of efficient EFBsystems in the region. Asia Pacific is likely to witness a substantial growthrate during the forecast period owing to the surge in aircraft fleet inemerging nations such as China and India. Europe is predicted to hold thelargest share in the global market owing to the increasing investment in thedevelopment of advanced cockpit. The rising necessity for accurate in-flightoperation manuals will spur opportunities for the market in the region duringthe forecast period. Besides, the development of advanced flights willsubsequently propel the market in the forthcoming years.
Key Development:
February 2018: Tunisair, the national carrier of Tunisia, signedan agreement to integrate Jeppesen Aviator services on iPad for all its flightoperations. The tools provided by Jeppesen Aviator will simplify complex dataaccess on the ground and in the air while also enabling efficient flightoperations.
The Report Lists the Main Companies inthe Electronic Flight Bag Market:
- Airbus SAS (the Netherlands)
- The Boeing Company (The U.S.)
- Collines Aerospace (The U.S.)
- L3Harris Technologies Inc. (The U.S.)
- Thales Group (France)
- CMC Electronics Inc. (Canada)
- Jeppesen (The U.S.)
- Astronautics Corporation of America (The U.S.)
- Lufthansa Systems (Germany)
- DAC International, Inc. (The U.S.)
- Teledyne Controls (The U.S.)
- Esterline Technologies Corporation (The U.S.)
Browse Detailed Summary of ResearchReport With TOC:
https://www.fortunebusinessinsights.com/electronic-flight-bag-market-103689
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of COVID-19 on the Electronic Flight Bag Market
- Supply Chain Challenges
- Steps Taken by the Industry/Government/Companies to Overcome the Impact
- Key Developments in the Industry in Response to COVID-19
- Potential Opportunities due to COVID-19 Outbreak
- Global Electronic Flight Bag Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Portable
- Class 1
- Class 2
- Installed
- Market Analysis, Insights and Forecast – By Component
- Hardware
- Class 1
- Class 2
- Class 3
- Software
- Market Analysis, Insights and Forecast – By Platform
- Commercial
- Military
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- The Middle East & Africa
- Latin America
TOC Continued…!
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