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Electronic Flight Bag Market Analysis by Major Vendors, Segmentation, Historical Data & Future Trends

09-26-2019 02:26 PM CET | Industry, Real Estate & Construction

Press release from: Research Nester Pvt Ltd

Electronic Flight Bag Market Analysis by Major Vendors,

The global electronic flight bag market can be segmented by type, component and regions. Based on product type, the market is segmented into portable (Class 1 & Class 2) and installed. The market is further segmented by component into hardware (Class 1, Class 2 and Class 3), software (Type A, Type B and Type C), and platform (commercial & military). An Electronic Flight Bag (EFB) is a device that lets flight crew to perform variety of functions that were conventionally accomplished by using paper references. In its simplest form, an EFB can perform basic flight planning calculations and display a variety of digital documentation, including navigational charts, operations manuals, and aircraft checklists.

The global electronic flight bag market is anticipated to expand at a CAGR of around 13.2% during the forecast period i.e. 2019-2027. The prime aim of the device is to reduce the paper-based reference material which is often found in the pilot’s carry-on flight bag. Increase in air traffic, need for improved efficiency and real-time access to the flight information are the key factors driving the growth of electronics flight bag market. New product innovation has emerged out as the key strategy adopted by the major market players for improving their market share. For instance, Rockwell Collins signed an agreement with Airbus to provide the electronic flight bag interface and communication unit for the airbus A320 and A330 aircrafts. 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, winds aloft, icing, significant weather, surface weather, flight plan and vertical icing chart.

Request Free Sample on Electronic Flight Bag Market Report @ https://www.researchnester.com/sample-request-1484

By region, the global electronic flight bag market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa, out of which, North America is expected to dominate the market in future due to the growth in commercial aircraft sales volume and reduction in the costs associated with maintenance of aircraft. Europe stood at 2nd position in electronic flight bag market due to increased spending on advancement of cockpit and need for more accurate in flight operation manuals.

Increased Safety Aspect Associated With EFB

The major factor responsible for the growth of electronic flight bag market is the safety aspect associated with its use, as it helps the pilots stay up-to-date with live weather information, and also assists in route management to avoid discretionary fuel burn. Additionally, EFBs can replace all paper-based manuals, which is another factor contributing to this market’s growth. Eliminating paper from the flight deck reduces the aircraft weight, and is also more convenient for the crew. Electronic flight bag increase effectiveness by providing a paperless cockpit and enhance safety. Moreover, it also helps to ensure that they are always up to date and reduces delays.

However, lack of proper training, high initial cost of electronic flight bag, and risk of electronics failure hinder the market growth.

The report titled “Global Electronic Flight Bag Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global electronic flight bag market in terms of market segmentation by product type, application, distribution channel and by region.

Request a sample Report of Electronic Flight Bag Market at: https://www.researchnester.com/sample-request-1484

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global electronic flight bag market which includes company profiling of key companies such as The Boeing Company, UTC Aerospace Systems, International Flight Support, DAC International Inc., NavAero AB, Flightman, Airbus Group SE, Rockwell Collins Inc., L-3 Communications Holdings Inc., Teledyne Controls LLC, and Lufthansa Systems.The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electronic flight bag market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Contact for more Info:

AJ Daniel

Email: sales@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 591

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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