Electronic Flight Bag Market Research, Top Manufacturers, Industry Growth Analysis and Forecast to 2022
Electronic Flight Bag Market Information Report by Type (Class 1, Class 2, and Class 3), Application (Commercial, Military) and Region - Forecast to 2022
An electronic flight bag (EFB) is an electronic information management device that helps flight crews performs flight management tasks more easily and efficiently. An EFB electronically stores and retrieves documents required for flight operations such as operating manuals, aeronautical charts, airport information, route information and weather. The major drivers for the growth of electronic flight bag market are safety and replacement of all paper-based manuals. The electronic flight bag is used for safety of pilots by providing up-to-date weather and assist by providing the route so as to avoid discretionary fuel burn.
North America is leading the market for electronic flight bag market during the forecast period due to growing commercial aircraft and reduction in the maintenance of aircraft. Europe is the second largest region for this market valued at USD 551.8 million in 2011 and is projected to grow at a CAGR of 12.44%. Asia-Pacific is the fastest growing market during the forecast period.
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The Key players in Global Electronic Flight Bag Market are UTC Aerospace Systems (U.S.), International Flight Support (Denmark), Astronautics Corporation of America (U.S.), The Boeing Company (U.S.), Esterline CMC Electronics (Canada), NavAero AB (Sweden), Airbus Group SE (France), Rockwell Collins Inc (U.S.), L-3 Communications Holdings, Inc, (U.S.), Teledyne Controls LLC (U.S.), Thales Group (France), DAC International Inc (U.S.), Lufthansa Systems (Germany), Flightman (Ireland).
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 83 numbers of pages of the project report “Electronic Flight Bag Market Research - Forecast to 2022”
Market Research Analysis
The market is highly based on application. Commercial segment is expected to dominate the market during the forecast period because it speeds up and simplify pilot access to information with the Electronic Flight Bag solution. It is expected to grow at the highest CAGR of 13.03% during the forecast period
The major drivers that led to the growth of this market are safety of pilot and replacement of all paper-based manuals.
There are various restraints that hinder the growth of electronic flight bag market is cyber security issue.
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Study Objectives of Electronic Flight Bag Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global electronic flight bag Market
• To provide insights about factors affecting the market growth
• To analyse the global electronic flight bag Market based on various factors such as supply chain analysis, and Porter’s five force analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by type, by application, and by region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyses competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in theglobal electronic flight bag Market.
List of Figures
FIGURE 1 Research Type
FIGURE 2 Global Electronic Flight Bag Market: By Type (%)
FIGURE 3 Global Electronic Flight Bag Market: By Application (%)
FIGURE 4 Global Electronic Flight Bag Market: By Region
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