This information is published by Fortune Business Insights in its report, titled “Electronic Flight Bag Market, 2021-2028.” An EFB is used to store and retrieve essential documents such as weather information, operating manuals, route information, and other information during flight operations. This report includes new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the market. The global electronic flight bag market size is expected to gain traction by reaching USD 5.86 billion by 2028. This is owing to the increasing focus on the adoption of integrated & smart product solutions. The report further mentions that the market stood at USD 2.02 billion in 2020 and is projected to exhibit a CAGR of 10.57% between 2021 and 2028.
COVID-19 Impact
Market Witnessed a Decline of 54.6% in 2020; Halted Aircraft Operations & Services Restrained Growth
In 2020, the world was brought to a standstill due to the widespread effects of the coronavirus pandemic. The rising COVID-19 cases compelled the global government agencies to announce lockdowns to control the pandemic. This further led to the halting of several industrial operations and people confined through their home spaces. Travel restrictions, coupled with several aircraft stationed at airports, hampered the revenue sales of the airline operators. This led to a significant loss of revenue that resulted in the market experiencing a huge decline of 54.6% in 2020. However, social distancing norms and phased resumption of industrial activities are likely to boost the global electronic flight bag market growth in the forthcoming years.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/electronic-flight-bag-market-103689
Key information from the Research Report:
- Extensive information on factors estimated to affect the market growth and share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
Market Segmentation:
Based on type, the market is divided into the portable and installed segment. On the basis of component, the market is classified into hardware and software. While, based on the system, the market is segmented into commercial and military.
- Based on the platform, the commercial segment held a market share of about 85.5% in 2020 and is likely to remain at the forefront. This is due to the presence of a large commercial fleet across the globe that is expected to boost the product’s demand during the foreseeable future.
Finally, based on the region, the market is segregated into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
List of the Companies Operating in the Market:
- Airbus SAS (the Netherlands)
- The Boeing Company (The U.S.)
- Collins 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.)
DRIVING FACTORS:
Increasing Adoption of Smart EFB Solutions to Promote Growth:
Jeppesen has developed a suite of EFB solutions that allow efficient data communication through aircraft connectivity, distribution, reduces flight plan production and storage costs by entirely digitizing the flight briefing. Companies like them constantly focus on implementing advanced solutions to increase airline efficiency and reduce operational costs. Besides, special attention to streamlining the workflow of pilots is anticipated to surge the adoption of advanced electronic flight bags, thereby leading to exponential market growth.
REGIONAL INSIGHTS
North America – The market in the region is expected to remain dominant and hold the largest global electronic flight bag market share during the forecast period. This is owing to the increasing demand for next-generation aircraft in countries such as the U.S. North America stood at USD 0.74 billion in 2020.
Asia-Pacific – The market in the region is anticipated to showcase considerable growth in the forthcoming years. This is attributable to the rising air travel that is propelling airline operators to procure aircraft in large numbers. This is likely to surge the demand for advanced electronic flight bags in the region between 2021 and 2028.
Inquire Before Buying:
https://www.fortunebusinessinsights.com/enquiry/queries/electronic-flight-bag-market-103689
COMPETITIVE LANDSCAPE
Facility Expansion by Major Companies to Intensify Industry Competition
The market is fragmented by the presence of major companies striving to maintain their dominance and further expand their product portfolio. These companies are focusing on expanding their facilities to provide advanced electronic flight bags for airline operators. Other key players are adopting proactive strategies such as partnership, collaboration, and merger and acquisition that are likely to favor the growth of the market during the forecast period.
Industry Development:
- April 2019 – Ethiopian Airlines awarded a contract to Flightman for providing advanced EFBs for its entire aircraft fleet. The contract is expected to strengthen the position of the company.
Related Posts:
https://drujrake.mn.co/posts/19038804
https://network-759413.mn.co/posts/19038811
https://shangwich.mn.co/posts/19038814
https://stemfemmes.mn.co/posts/19038819
https://careero.mn.co/posts/19038823
https://thegameoflife-de.mn.co/posts/19038829
https://network-66643.mn.co/posts/19038839
https://beyondher.mn.co/posts/19038844
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:[email protected]
Has anyone shopped at Northeast Vapor Supplies Vapor Store located in 122 W Main St?
whoah this weblog is wonderful i like studying your posts. Keep up the good work! You understand, many persons are looking round for this info, you can help them greatly.
I don’t suppose you could help me to find the official distributor of: Buy CBD Vape Cartridges by JUSTCBD and Delta 8 THC Cartridges by JUST DELTA. I am dying to try it out 🙂 Cheers 🙂
Good Morning everybody , can anyone advise where I can purchase Flan Moon Pod CBD Pod 100mg By Blue Moon Hemp?
Has anyone ever been to Evolve Vapor Vape Shop located in 16 North Plank Rd?
Can someone recommend Female Condoms and Dental Dams? Thanks xox
I was wondering if anyone knows what happened to Dimepiece Los Angeles celebrity streetwear brand? I am unable to check out on Dimepiecela site. I have read in Harpers Bazaar that they were bought out by a UK-based hedge fund in excess of $50 m. I’ve just bought the Dimepiece International Playa Duffel from Ebay and absolutely love it xox
CBD Drinks https://www.patchadam.com/collections/cbd-edibles
Has anyone ever shopped at Volcano eCigs Maui? xx