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Electronic Flight Bag Market: Remarkable Growth at CAGR of 10.6% and 12.0% - A Detailed Analysis of Forecast, Market Size, Trends, and Major Players
Electronic Flight Bag Market
What Is The Projected Market Size Of The Global Electronic Flight Bag Market And Its Growth Rate?
• Market size in 2024: $3.64 billion
• Market size in 2025: $4.03 billion (CAGR: 10.6%)
• Market size in 2029: $6.33 billion (CAGR: 12.0%)
Major boosting factors for this growth include transition to paperless cockpits, integration with next-generation aircraft, emphasis on safety measures, and increased air traffic.
What Is Driving The Growth In The Electronic Flight Bag Market?
The electronic flight bag market has been experiencing significant growth due to the rising demand for air travel. A robust global economy and low-cost airlines have made air travel more accessible and hence, increased its demand. As per the International Air Transport Association (IATA), global air traffic saw an impressive surge of 67.0% in January 2023 in comparison to the same period in 2022. With all markets showing strong growth, it leads to a broad affirmation of the rising demand for air travel driving the electronic flight bag market.
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Who Are the Key Players Driving Electronic Flight Bag Market Growth?
Prominent players in the electronic flight bag market include:
• 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.,
• Flightman
• Flygprestanda AB
• GE Aviation
• Honeywell International Inc.
• International Flight Support
• L3Harris Technologies Inc.
• Lufthansa Systems GmbH & Co. KG.
• Navarro AB
• Raytheon Technologies Corporation
• Teledyne Technologies Inc.
• Thales Group
• Universal Avionics Systems Corporation
• Apprimus Informatik GmbH
• Anuvu Operations LLC
• Collins Aerospace
What Are The Key Trends In The Electronic Flight Bag Market?
Key trends in the Electronic Flight Bag market include:
• Mobile device evolution
• Data analytics and connectivity
• Integration of advanced features
• Cybersecurity measures
• Cloud-based solutions
What Are The Segments Of The Global Electronic Flight Bag Market?
The Electronic flight bag global market can be 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, After Market
Which Region Leads The Electronic Flight Bag Market?
North America held the largest market share in the electronic flight bag market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions studied for the electronic flight bag market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Electronic Flight Bag Market Global Market Report?
- Market Size Analysis: Analyze the Electronic Flight Bag Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Flight Bag Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Flight Bag Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Flight Bag Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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