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.
The latest research report by Emergen Research, named ‘Global Electronic Flight Bag Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Electronic Flight Bag Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Electronic Flight Bag Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Electronic Flight Bag Market
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Electronic Flight Bag market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Thales Group, Teledyne Controls, Collins Aerospace, The Boeing Company, Jeppesen, Lufthansa Systems, Airbus SAS, DAC International, Esterline Technologies Corporation, and CMC Electronics Inc
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Emergen Research has segmented the global Electronic Flight Bag market on the basis of type, application, end-use, 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
The various regions analyzed in the report include:
- North America (U.S., Canada)
- 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)
Key Objectives of the Report:
- Analysis and estimation of the Electronic Flight Bag Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Electronic Flight Bag Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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