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Jan 28, 2021 (The Expresswire) —
The global ”electronic flight bag android” marketsize is predicted to reach USD 5,426.7 million by 2027, exhibiting a CAGR of 15.17% during the forecast period. The growing number of commercial aircraft deliveries will have a positive impact on this market growth during the forecast period, states Fortune Business Insights, titled“Electronic Flight Bag Market Size, Share and COVID-19 Impact Analysis, By Type (Portable (Class 1and Class 2) and Installed), By Component (Hardware and Software), By Platform (Commercial and Military), and Regional Forecast,2020-2027”the market size stood at USD 4,452.2 million in 2019.
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
The Report Lists the Main Companies in the Electronic Flight Bag Market:
- Airbus SAS (the Netherlands)
- The Boeing Company (The U.S.)
- Collines Aerospace (The U.S.)
- L3Harris Technologies Inc. (The U.S.)
- Thales Group (France)
- CMC Electronics Inc.(Canada)
- Jeppesen (The U.S.)
- Astronautics Corporation of America(The U.S.)
- Lufthansa Systems (Germany)
- DAC International, Inc. (The U.S.)
- Teledyne Controls (The U.S.)
- Esterline Technologies Corporation (The U.S.)
Rising Adoption of EFB Solutions to Boost Growth
The growing implementation of advanced EFB solutions has led to improved efficiency and reduced operational costs in airlines. Jeppesen, an America software company announced the launch of a suite of EFB solutions. The advanced EFB tools and data communication enables aircraft connectivity, reduces flight plan production, distribution, and storage costs by entirely digitizing the flight briefing process. The surge air travel passengers will subsequently create growth opportunities for the market during the forecast period. The rising demand for technologically advanced next-generation aircraft will foster the growth of the market in the forthcoming years. Moreover, the growing concerns regarding safety and real-time access to information will consequently enable healthy growth of the market. In addition, the introduction of innovative EFB software by major companies will contribute positively to the growth of the market during the forecast period. For instance, Thales Group designed an unveiled an EFB hardware integrated with the Aviobook software suite. The new software enables a seamless connection to the avionics suite through an Aircraft Interface Device (AID).
Coronavirus Pandemic to Impede Market Potential
The COVID-19 pandemic has deleteriously impacted the global market. The decline is new aircraft deliveries during the pandemic will restrict the expansion of the market. The drop-in production and delivery by major aircraft manufacturers such as Airbus SAS and The Boeing Company will obstruct the development of the market. The disruption in the supply chain of electronic flight bags will hinder the overall production and distribution of EFB units. However, newer guidelines by numerous government organizations around the world will aid in the recovery of the global market.
Electronic Flight Bag Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
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Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Presence of Major Players to Augment Growth in North America
The market in North America stood at USD 1,642.4 million and is predicted to rise tremendously during the forecast period. The growth in the region is attributed to the launch of efficient EFB systems in the region. Asia Pacific is likely to witness a substantial growth rate during the forecast period owing to the surge in aircraft fleet in emerging nations such as China and India. Europe is predicted to hold the largest share in the global market owing to the increasing investment in the development of advanced cockpit. The rising necessity for accurate in-flight operation manuals will spur opportunities for the market in the region during the forecast period. Besides, the development of advanced flights will subsequently propel the market in the forthcoming years.
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Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
February 2018:Tunisair, the national carrier of Tunisia, signed an agreement to integrate Jeppesen Aviator services on iPad for all its flight operations. The tools provided by Jeppesen Aviator will simplify complex data access on the ground and in the air while also enabling efficient flight operations.
Browse Detailed Summary of Research Report With TOC:
Detailed Table of Content:
- Executive Summary
- Market Dynamics
- Key Insights
- Qualitative Insights
- Global Electronic Flight Bag Market Analysis, Insights and Forecast, 2016-2027
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