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Global Electronic Flight Bag (EFB) Market Size to Grow at a CAGR of 8.40% in the Forecast Period of 2023-2028

02-14-2023 01:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Electronic Flight Bag (EFB) Market Size to Grow at a CAGR

The 'Global Electronic Flight Bag (EFB) Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the global Electronic Flight Bag (EFB) market, assessing the market based on its segments like types, components, applications, and regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

Electronic Flight Bag (EFB) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): More than USD 2.7 Billion
• Forecast CAGR (2023-2028): 8.40%

A tool or a device that presents applications enabling flight crews to execute various functions that were conventionally performed by using paper products is called an electronic flight bag (EFB).

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/electronic-flight-bag-efb-market/requestsample

In other words, an EFB can help crew members accomplish essential flight scheduling calculations and demonstrates a range of capabilities, including digital documentation, involving navigational charts, process instruction handbooks, as well as aircraft specifications. There has been an increase in the preference to use EFBs to carry out aircraft operations efficiently, which is contributing to the electronic flight bag (EFB) market growth.

Additionally, the EFB can perform objective-constructed software functions to automate other applications generally performed manually, like take-off performance calculations. The highly developed EFBs are totally certified as a component of the aircraft avionics structure and are incorporated with aircraft systems such as the FMS.

Furthermore, these innovative and developed systems are also capable of displaying an aircraft's location on navigational charts, portray real-time weather, and accomplish several intricate flight-scheduling duties. The range of the EFB system operations may also include a variety of technologies, layouts, and ways of communication. The increasing digitalisation of the aviation industry is helping in the progress of the electronic flight bag (EFB) market.

Electronic Flight Bag (EFB) Industry Definition and Major Segments

Electronic flight bag (EFB) is an electronic information controlling tool that allows flight crews execute flight administration activities more effortlessly and effectively with the use of less paper. Furthermore, other functions that are generally conducted by hand like take-off performance calculations, are carried out automatically by the EFB's purpose-built software applications. Besides, EFB is developed predominantly for cockpit/flightdeck or cabin usage.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/electronic-flight-bag-efb-market

Based on type, the market can be segmented into:

• Portable
• Installed

On the basis of component, the market has been classified into:

• Hardware
• Software

Based on application, the market can be categorised into:

• Commercial
• Military
• Personal
• Others

On the basis of regions, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Electronic Flight Bag (EFB) Market Trends

The ease of an efficient Wi-Fi range to link electronic flight bags and deliver the information securely to the flight crew together with the increasing level of digitalisation of the aviation sector are fuelling the expansion of the electronic flight bag (EFB) market. The emerging concerns about safety of the passengers are leading to the extensive usage of EFBs since they bring down the chances of errors by humans and enhance on board safety.

In addition, robust development of technology is likely to propel the utilisation of EFBs so that the real-time condition and in-flight data, among others can be made more accessible. This, in turn, is leading to the development of the electronic flight bag (EFB) market.

Besides, EFBs offer fuel-saving solutions by utilising fuel data, providing airlines with effective fuel-conservation results. EFBs also lessen the use of paper, which supports in decreasing weight as well as saving fuel. With the increasing preference towards fuel-efficient airlines , the demand for electronic flight bags (EFB) is likely to surge owing to its eco-friendly disposition along with its cost-effectiveness.

Key Market Players

The major players in the electronic flight bag (EFB) market report are

• The Boeing Company
• Collins Aerospace
• Thales Group
• CMC Electronics Inc.,
• Lufthansa Systems GmbH & Co. KG
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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