Electronic Flight Bag Market 2019-2023 To Rise at CAGR of 12.8% with Global Leaders- UTC Aerospace, International Flight Support, Astronautics Co., Boeing, Esterline CMC Electronics, NavAero, Airbus, Rockwell Collins, L3, Thales

Global Electronic Flight Bag Market by Type (Portable (Class 1, & Class 2), & Installed), Component (Hardware (Class 1, Class 2, & Class 3), Software (Type A, Type B & Type C), Platform (Commercial and Military), and Region – Global Forecast Till 2023.

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) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global electronic flight bag Market.

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Global Electronic Flight Bag Market – Overview

According to a recent study report published by Market Research Future, the global market for electronic flight bag market will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2022, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2022).

The high demand for electronic flight bag market is due to the growing need for safety of pilots, fuel-efficient aircraft, reduction in aircraft maintenance cycle, decreasing the pilot’s workload, thus increasing the participation of manufacturers. Rapid technology advancement, along with the increased focus of OEMs on strengthening aircraft capabilities, is expected to result in an increase in aircraft expenses and add to the growth of the market. However, the cost involved in the implementation of EFBs, and maintain and updating the EFB software act as a barrier to the growth of electronic flight bag market.

An electronic flight bag is a device that helps the efficiency of flight crew performance and retrieves documents required for flight operations such as operating manuals, aeronautical charts, weather information, route information, and more. The documents that can be synchronized to an EFB for a particular flight are flight log, METAR and TAF narrow route briefing, NOTAM narrow route briefing, NOTAM narrow route briefing, winds aloft, icing, significant weather, surface weather, flight plan and vertical icing chart.

Moreover, factors responsible for the growth of electronic flight bag market are safety and replacement of all paper-based manual. This is the primary factor that drives the growth of the global electronic flight bag market and has gained prevalence in the recent times, with the usage of best in class technologies in the aircraft sectors. Thus, the growth of the electronic flight bag market is expected to go hand in hand with the growth of investment in the aircraft industry.

Industry/ Innovation/ Related News:

January, 2018 – UTC Aerospace Systems signed a contract with aerospace software provider PACE to make fuel efficiency application pacelab flight profile optimizer, which helps airlines to achieve significant fuel savings.

January, 2018 – Avion Express signed an agreement with IFS – International Flight Support to support its system with paperless solutions.

April, 2015 – Rockwell Collins signed a contract with Airbus to provide the Electronic Flight Bag (EFB) interface and communication unit for the airbus A320 and A330 aircraft families.

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Global Electronic Flight Bag Market – 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.

Global Electronic Flight Bag Market: Regional Analysis

North American region is dominating the market of the global electronic flight bag market due to growing commercial aircraft and reduction in the maintenance of aircraft.

Europe is referred to as the second-largest electronic flight bag market due to factors such as increase in spending on advancement of cockpit and increasing need for accuracy in flight operation manuals have fuelled the demand for global electronic flight bag market.

Scope of Report

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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List of Tables

Table 1 Global Electronic Flight Bag Market: by Region, 2017-2023
Table 2 North America Electronic Flight Bag Market: by Country, 2017-2023
Table 3 Europe Electronic Flight Bag Market: by Country, 2017-2023
Table 4 Asia Pacific Electronic Flight Bag Market: by Country, 2017-2023
Table 5 Middle East & Africa Electronic Flight Bag Market: by Country, 2017-2023
Table 6 South America Electronic Flight Bag Market: by Country, 2017-2023
Table 7 Global Electronic Flight Bag Market, by Type, by Regions, 2017-2023
Table 8 North America Electronic Flight Bag Market, by Component, by Country, 2017-2023
Table 9 Europe Electronic Flight Bag Market, by Type, by Country, 2017-2023
Table 10 Asia Pacific Electronic Flight Bag Market by Component, by Country, 2017-2023

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List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electronic Flight Bag Market Share, by Type, 2016 (%)
Figure 9 Global Electronic Flight Bag Market, by Type, 2015-2023 (Usd Million)
Figure 10 Global Electronic Flight Bag Market Share, by Type, 2016 (%)

Continued.......

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