Fast-Moving World of Electronic Flight Bag Market Set for 13% CAGR | Analysis by Global Key Leaders: UTC Aerospace Systems, Esterline CMC Electronics, Airbus Group and Rockwell Collins

Market Highlights:

An electronic flight bag (EFB) is an electronic information management device that helps flight crews perform 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 report has been analyzed based on the type, application and region. On the basis of type, Class 2 segment accounts for the largest share in the global electronic flight bag market due to increase in elimination of paper, convenience and light weighted. Class 1 segment is the second largest on the basis of type and is projected to grow at a CAGR of 12.70% during the forecast period. Based on application, Commercial segment accounted for the largest market share of 51.14% in 2011, with a market value of USD 833.3 million and grew at the highest CAGR of 13.03% during the forecast period. Meanwhile, the North America Electronic Flight Bag Market is expected to reach USD 2257.3 million by 2023.

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The EFB system has been expanded to include ground software components that enable airlines to turn airplanes into nodes on their information network. This expansion allows airlines to implement a Electronic Logbook (ELB) application that resides both on the airplane and on multiple ground components. It also allows the future implementation of airborne and ground applications that will enable the airline to operate more efficiently as a business.

Accrediting the colossal growth the Electronics Flight Bag Market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2021. According to which, continuing with the same trends the global Electronic Flight Bag Market is projected to perceive an outstanding growth by 2021 registering a striking CAGR during the anticipated period (2016 – 2021).

Major key Players

UTC Aerospace Systems (U.S.),
Astronautics Corporation of America (U.S.),
The Boeing Company (U.S.),
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),
International Flight Support (Denmark),
Esterline CMC Electronics (Canada),
DAC International Inc (U.S.), Lufthansa Systems (Germany), Flightman (Ireland).

Segmentation
The global electronic flight bag market is segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Portable (Class 1 and Class 2) and Installed
Segmentation by Component: Comprises Hardware and Software
Segmentation by Platform : Comprises Commercial and Military
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Competitive Analysis
Electronic Flight Bag Market is highly competitive, and vendors compete on the basis of cost, composite material quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to optimize their product development process to provide cost-effective and high-quality aerospace composite materials and parts.

The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Intended Audience
• Electronic flight bag manufacturers
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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The report for Global Electronic Flight Bag Market of Market Research Future comprises of extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders. It can be used to gain deeper insight of the market and industry performance. The report gives a clear picture of current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the key players in the industry. The report also contains a broad study of the different market segments and regions.

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