An Electronic Flight Bag (EFB) is a portable electronic device, typically a tablet computer, used by pilots and flight crews to replace traditional paper-based flight materials and streamline operations in the aviation industry. EFBs provide a wide range of functionalities, including accessing flight manuals, navigational charts, weather information, performance calculators, and other essential resources. They enable pilots to access real-time data, perform calculations, and make informed decisions during all phases of flight, enhancing situational awareness and operational efficiency.
Information Source:
https://www.fortunebusinessinsights.com/electronic-flight-bag-market-103689
EFBs have become increasingly prevalent in modern aviation, offering convenient and centralized access to critical information, reducing the weight and clutter of paper documents, and facilitating quicker updates and revisions to flight-related data.
What does the Report Provide?
The global market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.
List of the Companies Operating in the Market:
- Airbus SAS (the Netherlands)
- The Boeing Company (The U.S.)
- Collins 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.)
Market Segmentation:
Based on type, the market is divided into the portable and installed segment. On the basis of component, the market is classified into hardware and software. While, based on the system, the market is segmented into commercial and military.
- Based on the platform, the commercial segment held a market share of about 85.5% in 2020 and is likely to remain at the forefront. This is due to the presence of a large commercial fleet across the globe that is expected to boost the product’s demand during the foreseeable future.
Finally, based on the region, the market is segregated into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
DRIVING FACTORS:
Increasing Adoption of Smart EFB Solutions to Promote Growth:
Jeppesen has developed a suite of EFB solutions that allow efficient data communication through aircraft connectivity, distribution, reduces flight plan production and storage costs by entirely digitizing the flight briefing. Companies like them constantly focus on implementing advanced solutions to increase airline efficiency and reduce operational costs. Besides, special attention to streamlining the workflow of pilots is anticipated to surge the adoption of advanced electronic flight bags, thereby leading to exponential market growth.
REGIONAL INSIGHTS
North America – The market in the region is expected to remain dominant and hold the largest global electronic flight bag market share during the forecast period. This is owing to the increasing demand for next-generation aircraft in countries such as the U.S. North America stood at USD 0.74 billion in 2020.
Asia-Pacific – The market in the region is anticipated to showcase considerable growth in the forthcoming years. This is attributable to the rising air travel that is propelling airline operators to procure aircraft in large numbers. This is likely to surge the demand for advanced electronic flight bags in the region between 2021 and 2028.
COMPETITIVE LANDSCAPE
Facility Expansion by Major Companies to Intensify Industry Competition
The market is fragmented by the presence of major companies striving to maintain their dominance and further expand their product portfolio. These companies are focusing on expanding their facilities to provide advanced electronic flight bags for airline operators. Other key players are adopting proactive strategies such as partnership, collaboration, and merger and acquisition that are likely to favor the growth of the market during the forecast period.
