Research Nester recently published report titled “Electronic flight bag Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global electronic flight bag market in terms of market segmentation by components, by installation type, by aircraft type, and by regions.
The global electronic flight bag market is segmented by components into hardware and software; by installation type into portable and installed; by aircraft type into commercial and military and by regions. The market is estimated to grow at a CAGR of around 13% over the forecast period i.e. 2019-2027.
The electronic flight bag provides solution to the everyday problems faced by pilots. These bags also store information, save and maintain documents needed for flight operations such as operating manuals, route information, airport information, aeronautical charts, and weather information. The rise in commercialization of fuel-efficient aircrafts, and factors such as reduction in aircraft maintenance cycle, reduction in the workload of pilots, and real-time access to information, are expected to drive the electronic flight bag market during the forecast period.
North America electronic flight bag market is expected to witness fast growth attributed to the growth in aircraft sales volume and reduction in the costs associated with maintenance of aircraft. Europe is likely to be the second most significant electronic flight bag market after North America attributed to increasing spending on advancement of cockpit and need for more accuracy in flight operation manuals.
Increasing Passengers Safety Concerns
The major factor responsible for the growth of electronic flight bag market is the safety aspect associated with its use, as it keeps the pilots updated with live weather information. Electronic flight bag increases effectiveness by providing a paperless cockpit and enhanced safety. They are used widely in assisting the route map and updating live weather report that help to get notified about the situations are other attributes enhancing up the growth of the market. It replaces manual updating, logistical processes and renders a variety of aviation data such as checklist, aviation charts and performs calculations.
However, the cost involved in the implementation of EFBs is very high. Moreover, the cost of updating and maintaining the EFB software also increases the expenses on airlines part. Lacking technical know-how and accessibility of device among crew members are other additional factors that are anticipated to hinder the growth of electronic flight bag market.
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 UTC Aerospace Systems, International Flight Support, Astronautics Corporation of America, The Boeing Company, Esterline CMC Electronics, Airbus Group SE, Rockwell Collins Inc., L-3 Communications Holdings Inc., Teledyne Controls LLC, DAC International Inc. and Other Prominent Players. The profiling 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 will 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.