The global electronic flight bag market is probable to record a CAGR of over 12% during the forecast period of 2019 to 2025, asserts Market Research Future in its detailed study conducted. The well-analyzed research also includes a detailed description of the drivers and segments along provides a proper view of the market in the coming years.
The well-known players in the global electronic flight bag market are listed as, Esterline Technologies Corporation, The Boeing Company, DAC International, Inc., L3Harris Technologies Inc., Astronautics Corporation of America, Flightman, International Flight Support ApS, Airbus SAS, Lufthansa Systems, and United Technologies Corporation.
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Market Drivers & Trends
The prime factor responsible for the growth of the electronic flight bag market is the safety aspect, which is associated with its use. It assists the pilots to stay up to date with live weather information and provides information about route management to avoid discretionary fuel burn. With this, electronic flight bags can reinstate all paper-based manuals. These factors are highly contributing to the market’s growth that would continue for the forecast period.
An EFB electronically mainly stores and retrieves documents that are required for flight operations such as weather information, operating manuals, route information, airport information, aeronautical charts, the flight log, and other information. These features are ahead a lot of traction, which is making these bags more reliable and efficient. Due to this, the market is getting a considerable growth rate.
On the other side, the rise in popularity of fuel-efficient aircraft, reduction in aircraft maintenance cycle, lessening of pilot’s workload, as well as real-time access to information, are anticipated to drive the market during the forecast period at a substantial rate. On the flip side, the factor of shortcomings in operating performance of the electronic flight bag market; for example, the costs along with the implementation of EFBs is very high is adding as a barrier to the market’s progress during its progression period.
Market Segmentation
The global Electronic Flight Bags Market has been segmented by the elements of type, component, platform, and region.
In terms of type: Portable and installed are the segments. Among these, portable EFBs are extensively used and have the largest market share, as they can be used in all phases of flight. The portable EFB is a commercial-off-the-shelf (COTS) laptop that specifies the preferred communication system for each EFB application.
In terms of the platform: Commercial and military are the segments. Among these, the commercial is the largest segment owing to the greater use of drones that are achieving precision farming. The military platform is likely to expand at a high CAGR during the assessment period.
In terms of Component: Hardware and software are the segments.
Regional Outlook
Geographic analysis of the global electronic flight bag market spans across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Among these, the North American region can lead the market in the future wooing to the growth in commercial aircraft volume and diminution in the costs connected with the safeguarding of aircraft.
Europe is the second-largest market shareholder in the electronic flight bag market wooing to surged spending on the advancement of the cockpit and increased need for accurate in-flight operation manuals.
Key Insights
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Electronic Flight Bag Market, by Type
1.1.2 Global Electronic Flight Bag Market, by Component
1.1.3 Global Electronic Flight Bag Market, by Platform
1.1.4 Global Electronic Flight Bag Market, by Region
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-down and Bottom-up Approaches
3.6 Forecast Model
3.7 List of Assumptions
Continued………
List of Tables
Table 1 List of Assumptions
Table 2 Major Patents Granted for Electronic Flight Bag (15 May 2010–15 May 2019)
Table 3 Type: Global Electronic Flight Bag Market, 2018–2025 (Usd Million)
Table 4 Component: Global Electronic Flight Bag Market, 2018–2025 (Usd Million)
Table 5 Platform: Global Electronic Flight Bag Market, 2018–2025 (Usd Million)
Table 6 Global Electronic Flight Bag Market, by Region, 2018–2025 (Usd Million)
Table 7 North America: Electronic Flight Bag Market, by Country, 2018–2025 (Usd Million)
Continued……..
List of Figures
Figure 1 Market Synopsis
Figure 2 Global Electronic Flight Bag Market: Market Attractiveness Analysis
Figure 3 Global Electronic Flight Bag Market Analysis, by Type
Figure 4 Global Electronic Flight Bag Market Analysis, by Component
Figure 5 Global Electronic Flight Bag Market Analysis, by Platform
Figure 6 Global Electronic Flight Bag Market Analysis, by Region
Figure 7 Global Electronic Flight Bag Market: Market Structure
Continued…..
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