Market Overview
Electronic flight bag is a part of the aviation industry, which helps the crew in managements and carrying the information management efficiently and effectively. As the technology advanced and demands for next-generation operations are rising, this system replaces the paper-based operations with computer-powered systems, which helps reduce human errors and accelerate the procedure. It performs various functions like route information, airport condition & weather updates, flight delays, and others.
Electronic flight bags market has gained pace recently as the global aviation industry is growing at lightning speeds and demands for the latest technology equipped planes are rising. The major factor driving the market is the demand for enhanced safety equipment for making the travel safer. Another factor playing a positive role is the reduced use of paper reduces the aircraft’s weight and reduces the paper wastage. Apart from the uses and features, the global electronic flight bag market is facing challenges against the high implementation and maintenance costs, which has reduced the market’s growth rate.
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The companies are investing in research & development programs to improve the working and reduce the overall costs, which will help the market gain stronger future positions. As the spending capacities increase, air travel has become a regular practice that has raised the demands for safety equipment. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global electronic flight bag market. The global market is anticipated to register approximately a 12 % annual growth during this period.
Key Players
The key players in the Global Electronic Flight Bag Market are Airbus SAS, Astronautics Corporation of America, The Boeing Company, DAC International, Inc., Esterline Technologies Corporation, Flightman, International Flight Support ApS, L3Harris Technologies Inc., Lufthansa Systems, and United Technologies Corporation.
Industry News
Global Electronic Flight Bag Market moves faster as the aviation industry and demands for safety equipment rise. Portable electronic flight bags and commercial sectors are the fastest growing segments and are the major stakeholders at the same time. The global market is led by the North American region, followed by the European and Asia Pacific regions in the respective orders.
Market Division
Global Electronic Flight Bag Market is segmented into classes as follows: Global Electronic Flight Bag Market is segmented by installed and portable (Class 1 & 2) based on types. The global electronic flight bag market is segmented by hardware (Class 1,2 & 3) software (Class A, B & C) based on components types. Based on usability, the global electronic flight bag market is segmented among the military and commercial operations.
Regional Classification
The electronic flight bag market has gained global adoption due to demands for advanced technologies, demands for better safety equipment, and global expansion of the aviation industry. The Asia Pacific, North America, Europe, and the rest of the world are the major market studied for the global electronic flight bag market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established aviation industry, introduction of rigid air safety regulations, and other factors. The European region is the second-largest market, followed by the Asia Pacific Region.
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