Electronic flight bag market is anticipated to grow at a significant CAGR during the forecast period. An electronic flight bag or EFB is a type of retrieves and storage solution for documents needed for flight operations. Aeronautical charts, airport information, operating manuals, weather information, airport information, flight log, and route information are some key documentary functions that are attributed to electronic flight bags.
The growth of the global electronic flight bag market is resulting owing to the reduction in aircraft’s weight due to the incorporation of EFB. Real-time data sharing and fuel-efficient operations are some key benefits offered by electronic flight bags which in turn, is expected to boost the market growth. The rising adoption of electronic flight bags (Electric vertical takeoff and landing (eVTOL) vehicles and helicopters to reduce the weight of paper documents is further expected to support the growth of the market during the forecast period. Additionally, the significant increase in the growth of commercial aircraft and business jets led to the demand for EFB and is anticipated to create lucrative growth opportunities for the market during the forecast period.
Some market players including Boeing Inc., Honeywell International Inc., and Collins Aerospace, among others have been adopted various strategies to boost the global electronic flight bag market. New product launches, and mergers & acquisitions, among others, are some key strategies that are adopted by key vendors to sustain in the market. For instance, in June 2021, Collins Aerospace, a Raytheon Technologies business, announced to offer a new solution as an Electronic cabin bag (ECB). This strategic initiative is expected to enhance the operating efficiency of in-flight services, reduce cabin touchpoints, and elevate the passenger experience.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Platform
- By Component
- By End-User
- Competitive Landscape- Boeing Inc., Honeywell International Inc., and Collins Aerospace, among others.
Electronic Flight Bag Market Report Segmentation
By Platform
- Commercial Aviation
- Business and General Aviation
- Military Aviation
By Component
- Hardware
- Software
By End-User
- OEM
- Aftermarket
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Electronic Flight Bag Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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