Global Electronic Flight Bag Market: Industry Analysis and Forecast (2021-2027)

[akash Arjun pingale]

Global Electronic Flight Bag Market was worth US$ 2.90 Bn. in 2019 and overall revenue is anticipated to grow at a rate of 10.57% from 2021 to 2027, reaching almost US$ 5.86 Bn. in 2027.

Global Electronic Flight Bag Market Overview:

Aeronautical charts, operational manuals, airport information, weather information, route information, flight logo, and other relevant information are all stored and retrieved in an Electronic flight bag. The EFB also offers real-time data to the pilot, which aids in the operation and decreases aircraft weight, resulting in increased fuel efficiency.

Global Electronic Flight Bag Market

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2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region

Global Electronic Flight Bag Market Dynamics:

The aviation industry has been working hard to reduce aircraft weight and innovate new ways to do so. A large airframe consumes more fuel and poses a severe environmental danger. Pilots' traditional paper flight bags can weigh up to 18 kg or more, which is cumbersome for them and adds weight to the plane. Aside from the bag itself, an EFB can hold a range of reference materials, emergency books, and instructions, all of which can be kept digitally. Because an EFB weighs about 0.5 to 2.2 kg, it eliminates the need for large, physical flight bags. In any case, such a significant weight decrease improves the aircraft's fuel efficiency. The need for more fuel-efficient aircraft is driving the growth of the EFB market for the commercial aviation industry, with the global aviation industry setting ambitious goals to increase an average yearly fuel efficiency rate of 1.5%.

Different countries have their own regulatory frameworks, procedures, and certifications for EFBs flying in their airspace. As a result, EFB manufacturers may be required to get various governmental approvals and certifications for their products. For example, in order for an EFB to be used in the United States, it must first be certified by the FAA and then recertified by the EASA for use in the European Union. To some extent, this restricts market expansion.

Cybersecurity is a constantly developing issue, and only a small percentage of society is unaffected or has been unaffected by cyber-attacks and their effects. Malware intrusion using wireless external interfaces in commercial aircraft was assessed as a high-risk factor in a 2020 report by Embry-Riddle Aeronautical University. As more systems become interconnected and more data is shared, cybersecurity is becoming a more critical element in the aviation business.

Following the success of EFBs in giving situational awareness to fixed-wing aircraft, manufacturers have turned their attention to rotary-wing aircraft. An EFB system, for example, can help simplify the documentation and operation of helicopters, which is complicated. Due to the limited space available in heli-cockpits, the usage of EFB systems will be extremely useful, as they will replace and reduce the weight of bulky paper documents in the flight bag. EFB systems also calculate performance numbers, reducing the amount of human documentation that pilots must complete and improving flight safety.

Global Electronic Flight Bag Market Segment Analysis:

Based on Type, the market is segmented into portable and installed. The portable segment is further divided into class1 and class 2. During the forecast period, the portable segment is expected to grow at the fastest rate of xx%. During the forecast period, the portable class 2 EFBs market is expected to grow at a faster rate of xx%. Attributable to product portability and capability Furthermore, because it is a class 2 portable electronic flight bag, it does not require an airworthiness certificate, making it easier to operate.

Based on Component, the market is segmented into Hardware and Software. During the forecast period, the hardware segment is expected to grow at a CAGR of xx%. The software segment, on the other hand, is predicted to increase at the quickest rate. Due to significant advancements in the system's software, developers are concentrating on incorporating aircraft cockpit functions into the electronic flight bag suits.

Global Electronic Flight Bag Market 1

Based on Application, the market is segmented into Commercial and Military. In 2020, the commercial segment dominated the market, with a higher CAGR of xx% during the forecast period, due to the presence of a big commercial aircraft fleet. The market is predicted to grow due to rising demand for air travel and improved economies. During the projection period, the military category is expected to have significant market expansion. As a result of rising military aircraft acquisition in developing countries like India.

Global Electronic Flight Bag Market Regional Insights:

North America is expected to have the largest share of the electronic flight bag market by 2027. In 2021, the United States is predicted to dominate the North American electronic flight bag market. The presence of many EFB manufacturers, including Boeing (US), Collins Aerospace (US), and Honeywell International, Inc. (US), among others, have contributed to the market's growth in this region. These main market participants continue to invest in R&D to improve the efficiency and reliability of EFB systems for aircraft applications.

Due to an increase in aircraft deliveries in rising economies such as China and India, the Asia Pacific market is expected to grow at the quickest rate of xx%. Airliners have increased their aircraft procurement as the economy has improved and air passenger demand has increased. Furthermore, the region's market is likely to be driven by a growing focus on achieving improved fuel efficiency by reducing the overall weight of the electronic system.

Global Electronic Flight Bag Market 2

The objective of the report is to present a comprehensive analysis of the global Electronic Flight Bag Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Electronic Flight Bag Market dynamics, structure by analyzing the market segments and projects the global Electronic Flight Bag Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the global Electronic Flight Bag Market make the report investor’s guide.

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Global Electronic Flight Bag Market 3

Global Electronic Flight Bag Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Global Electronic Flight Bag Market key player

• UTC Aerospace Systems

• International Flight Support (IFS)

• Astronautics

• Boeing

• CMC Electronics

• navAero

• Airbus

• ROCKWELL COLLINS

• Avilasoft

• Navtech

• L-3 Communications Holdings

• Teledyne Controls

• Thales

• Lufthansa Systems

• FLIGHTMAN

• China Aviation Navigation Data

• Deer Jet

Frequently Asked Questions:

1) What was the market size of Global Electronic Flight Bag Market markets in 2019?

Ans - Global Electronic Flight Bag Market was worth US$ 2.90Bn in 2019.

2) What is the market segment of Global Electronic Flight Bag Market markets?

Ans -The market segments are based on Type and Component and Application.

3) What is forecast period consider for Global Electronic Flight Bag Market markets market?

Ans -The forecast period for Global Electronic Flight Bag Market is 2021 to 2027.

4) Which are the worldwide major key players covered for Global Electronic Flight Bag Market report?

Ans - UTC Aerospace System, International Flight Support (IFS), Astronautics, Boeing, CMC Electronics, navAero, Airbus, ROCKWELL COLLINS, Avilasoft, Navtech, L-3 Communications Holdings, Teledyne Controls, Thales, Lufthansa Systems, FLIGHTMAN, China Aviation Navigation Data, Deer Jet

5) Which region is dominated in Global Electronic Flight Bag Market?

Ans -In 2019, North America region dominated the Global Electronic Flight Bag Market.

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