Electronic Flight Bag Market Report: Global Top Most Companies, Size, Trends And Upcoming Forecasts 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Electronic Flight Bag Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $5.76 billion In 2028 At A CAGR Of 11.6%.

The electronic flight bag market size has grown rapidly in recent years. It will grow from $3.34 billion in 2023 to $3.71 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to fuel efficiency and cost reduction, environmental considerations, safety and situational awareness, operational efficiency, industry endorsement and acceptance..

The electronic flight bag market size is expected to see rapid growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to integration with next-generation aircraft, transition to paperless cockpits, emphasis on safety measures, cost-efficiency measures, increased air traffic.. Major trends in the forecast period include mobile device evolution, data analytics and connectivity, integration of advanced features, cybersecurity measures, cloud-based solutions..

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=9954&type=smp

Electronic Flight Bag Market Major Segments
The electronic flight bag market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Type: Portable, Installed
3) By Platform: Commercial, Military
4) By Applications: Flight Crew Operating Manuals, Static Or Dynamic Electronic Charts, Planning, Zooming, Scrolling
5) By End Use: OEM, Aftermarket

Key Driver - Skyrocketing Air Travel Demands Propel Growth In The Electronic Flight Bag (EFB) Market

The rising demand for air travel is expected to propel the growth of the electronic flight bag market going forward. Increase in air travel is due to a growing global economy and the availability of low-cost airlines. The electronic flight bag (EFB) refers to the system that enables electronic documents to be transferred and managed in flight. For instance, in March 2023, according to the International Air Transport Association (IATA), a Canadian organization that advocates for airlines and sets global standards for safety, security, and efficiency, reported a 67.0% increase in total air traffic (measured in revenue passenger kilometers) in January 2023, compared to the same period in 2022. Globally, international air traffic was at 84.2% of January 2019 levels, that climbed to 104.0% in January 2023, with all markets recording strong growth. Therefore, the rising demand for air travel drives the electronic flight bag market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=9954&type=smp

Prominent Trend - Innovative Electronic Flight Bag (EFB) To Enhance Cockpit Operations

Product innovations are a key trend gaining popularity in the electronic flight bag market. Major companies operating in the market are introducing innovative products to sustain their position in the electronic flight bag market. For instance, in June 2021, Wizz Air, the greenest ultra-low-cost airline based in Hungary, launched its new electronic flight bag (EFB), a technical solution that will replace all printed onboard manuals and materials with iPads for pilots. The implementation of the new Electronic Flight Bag (EFB) system improves the efficiency of all flight planning processes, while also reducing paper use and fuel consumption in line with Wizz Air's sustainability commitments, thereby contributing to the airline's aim to further reduce its carbon emissions and environmental impact.

Electronic Flight Bag Market Players
Major companies operating in the electronic flight bag market report are Airbus SAS, Astronautics Corporation of America, Avilution LLC, Avionics Innovations Inc., AvioVision, Bluebox Aviation Systems Ltd., Boeing Digital Solutions Inc., CMC Electronics Inc., DAC International Inc., Shanghai Deer Jet Aviation Co.Ltd., Esterline Technologies Corporation, Flightman, Flygprestanda AB, GE Aviation, Honeywell International Inc., International Flight Support, L3Harris Technologies Inc., Lufthansa Systems GmbH & Co. KG., Navarro AB, Raytheon Technologies Corporation, Rockwell Collins Inc., Teledyne Technologies Inc., The Boeing Company, Thales Group, Universal Avionics Systems Corporation, AirFusion Inc., Apprimus Informatik GmbH, Anuvu Operations LLC, Collins Aerospace, Scandinavian Avionics A/S .

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/electronic-flight-bag-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the electronic flight bag market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic flight bag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electronic Flight Bag Market Report Structure
3. Electronic Flight Bag Market Trends And Strategies
4. Electronic Flight Bag Market - Macro Economic Scenario
5. Electronic Flight Bag Market Size And Growth
…..
27. Electronic Flight Bag Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.