The global electronic flight bag market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 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.
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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 bag 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.
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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.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Platform
o By Component
o By End-User
- Competitive Landscape- Boeing Inc., Honeywell International Inc., and Collins Aerospace, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 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
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
