Global Electronic Flight Bag Market Overview
An electronic flight bag (EFB) is an electronic information management device which is built for crew members to perform flight management tasks more easily and efficiently. All functions can be accessible through device which reduces paper work. It replaces paper with electronic device. EFB stores information and saves documents needed for flight operations such as aeronautical charts, operating manuals, airport information, weather information, the flight log, route information, weather information, and other information. The electronic flight bag is used for safety purposes by pilots, and it also provides latest operational data which helps in minimizing fuel costs.
Electronic flight bag replaces manual updating, logistical processes and renders a variety of aviation data such as checklist, aviation charts and performs calculations of performance data. Furthermore, it helps pilot with easy update on live weather and reduces delays. An EFB uses software on a windows surface, iPad or other portable device, or on a device installed in the aircraft cockpit, to deliver a range of functions to the pilot. EFBs can replace all paper-based manuals, and eliminating paper from the flight deck reduces the aircraft weight, and is also more convenient for the crew.
Market Size & Forecast
The global electronic flight bag market is anticipated to record a CAGR of around 13% over the forecast period i.e. 2019-2027. It is expected to maintain significant growth as aircraft manufacturers already make fairly routine use of wireless portable devices to make their production and inventory-control functions more efficient. The rise in popularity of fuel-efficient aircrafts, and factors such as reduction in aircraft maintenance cycle, decreasing the pilot’s workload, and real-time access to information, are expected to boost the growth of the electronic flight bag market during the forecast period. On the basis of aircraft type, electronic flight bag market is segmented into commercial and military aircraft. Out of which commercial is expected to have leading market share.
Major players of electronic flight bag market has showcased significant developments in the technology for performing numerous functions concerning delivery of better consumer services. Also, increasing the demand majorly from the airline sector is anticipated to further strengthen the market share of electronic flight bags. On the basis of installation-type electronic flight bag market is segmented into portable and installed type. Out of which the portable EFB class-2 type sub-segment is expected to exhibit highest growth rate in the EFB market during the forecast period attributed to its capability and portability. The portable class 2 EFB can be used during all the phases of a flight.
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Growth Drivers & Challenges
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Increase in Need for Fuel Efficient Aircraft and Reduction of Cost
Electronic flight bag provides operational data, which improves fuel efficiency and used in safety measures for the pilots, propelling the market demand substantially. Additionally, they are also widely used in the assistance concerning route map and updating live weather report that helps to get alarmed about the situations are other attributes boosting up the growth of the market. The growing software developments across the globe are making the tasks easy in an effective manner that are leading the market. It also assist in route management to avoid discretionary fuel burn.
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Increasing Demand for Safety of Passengers
The major factor responsible for the growth of electronic flight bag market is the safety aspect associated with its use, as it helps the pilots stay up-to-date with live weather information. Electronic flight bag increase effectiveness by providing a paperless cockpit and enhance safety.
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High Implementation Cost
The costs involved with the implementation of EFBs is very high. Moreover, the cost of maintaining and updating the EFB software also increases the financial burden of airlines. Lacking technical know-how and accessibility of device among crew members. All these factors restrains the growth of electronic flight bag market.
Market Segmentation
Our-in depth analysis of the global electronic flight bag market includes the following segments:
By Components
- Hardware
- Class 1
- Class 2
- Class 3
- Software
- Type A
- Type B
- Type C
By Installation Type
- Portable
- Class 1
- Class 2
- Installed
By Aircraft Type
- Commercial
- Military
By Region
On the basis of region, the electronic flight bag market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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 second to the North America market in electronic flight bag market attributed to increase spending on advancement of cockpit and need for more accurate in flight operation manuals.
Asia Pacific electronic flight bag market is expected to witness moderate growth. This growth in the EFB market of Asia-Pacific region can be attributed to increase in airlines spending for avionics modernization and the growing GDP of the region.
Global electronic flight bag market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
Top Featured Companies Dominating the Market
- UTC Aerospace Systems
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- 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.
- Other Prominent Players
