Electronic Flight Instrument System Market to Grow USD 720 Million by 2027

The electronic flight instrument system (EFIS) market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027.The growing need for aircraft modernization to improve operating safety and fuel efficiency, consequently minimizing the operational costs, is something that is propelling the adoption of advanced EFIS.

The Flight Attitude segment is projected to dominate market share in the application segment during the forecast period
Based on application, the flight attitude segment is projected to dominate market share during the forecast period. The market is further segmented into navigation, information management and engine monitoring. One of the key factors driving the flight attitude market is the integration of advanced avionics equipment that control the movement of the aircraft.

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The Commercial Aviation segment projected to lead the electronic flight instrument system (EFIS) market during the forecast period
Based on the Platform, the commercial aviation segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. Globally the air passenger traffic footprint has increased over the last decade, to meet the demand airline companies are expanding their aircraft fleet size, thus driving the market for the commercial aviation segment.

Display Systems is expected to account for the largest share in 2022
Based on the Sub-System type, the display systems segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. This segment has been further segmented into display systems, processing systems and control panels. There is huge demand for advanced display system. The demand for advanced aircraft with improved system efficiency is fuelling the market for sub-systems.

Line-Fit is expected to account for the largest share in 2022
Based on Fit, the line-fit segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. The demand is because there are more deliveries being made to efficiently handle the continuously increasing passenger demand encouraging airlines to expand their operations. Older aircraft lack the capability to retrofit EFIS equipment, which increases demand for line-fit segment.

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North America is expected to account for the largest share in 2022
The electronic flight instrument system (EFIS) market industry has been studied for North America, Europe, Asia Pacific, Middle East& Africa, and Latin America. North America accounted for the largest market share in 2022, and Latin America is projected to witness the highest CAGR during the forecast period. The demand for lighter-weight electronic flight instrument system with enhanced safety, better accuracy and situational awareness and the automation of flight control to drive the market.

The break-up of profile of primary participants in the Electronic Flight Instrument System (EFIS)market:
• By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
• By Designation: C Level - 50%, Director Level - 25%, Others-25%
• By Region: North America -60%, Europe - 20%, Asia Pacific - 10%, Middle East - 5%, and Latin America - 5%

Major players operating in the electronic flight instrument system (EFIS)market are Honeywell International Inc. (US), Raytheon Technologies Corporation (US), General Electric Company (US), Thales (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), Garmin Limited (US), and L3Harris Technologies Inc. (US)are some of the market players.

Research Coverage:
The report segments the electronic flight instrument system (EFIS)market based on Platform, Application, Sub-System, Fit, and Region. Based on the Platform, the electronic flight instrument system (EFIS)market is segmented into commercial aviation, general aviation, and military aviation. Based on the Application, the market is segmented into navigation, flight attitude, engine monitoring, and information management. Based on the sub-system, the market is segmented into display systems, control panels, and processing systems. Based on fit, the market is segmented into line-fit and retrofit The electronic flight instrument system (EFIS) market has been studied for North America, Europe, Asia Pacific, Middle East& Africa, and Latin America. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the electronic flight instrument system (EFIS) market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; Contracts, partnerships, agreements new product & service launches, mergers and acquisitions; and recent developments associated with the electronic flight instrument system (EFIS) market. A competitive analysis of upcoming startups in the electronic flight instrument system (EFIS) market ecosystem is covered in this report.

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Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall electronic flight instrument system (EFIS) market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on electronic flight instrument system (EFIS) offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product& service launches in the electronic flight instrument system (EFIS) market
• Market Development: Comprehensive information about lucrative markets - the report analyzes the electronic flight instrument system (EFIS) market across varied regions
• Market Diversification: Exhaustive information about new products& services, untapped geographies, recent developments, and investments in the electronic flight instrument system (EFIS)market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the electronic flight instrument system (EFIS)market

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