Industry Background:
An electronic flight bag (EFB) is an electronic information management device that surges the efficiency of flight crews’ performance of flight management tasks. Electronic flight bag stores and saves documents electronically that are essential for flight operations, which includes operating manuals, aeronautical charts, airport information, route information, weather information, the flight log, and others. EFBs have replaced paper with electronic versions of the necessary information. EFBs represents one of the revolutionary technologies that transform the management of the cockpit. This technology has numerous applications for potentially minimal cost, streamlining aircraft operations while reducing both aircraft weight and environmental impact.
According to AMA Research, the market for Electronic Flight Bag is expected to register a CAGR of 7.0% during the forecast period to 2028. This growth is primarily driven by Increasing Demand for Reduction in Overall Aircraft Weight
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Airbus Group SE (Europe), Rockwell Collins Inc. (United States), UTC Aerospace Systems (United States), Teledyne Controls (United States), Astronautics Corporation of America (United States), Jeppesen (Boeing Company) (United States), Acft Perfo (Luxembourg), navAero Avionics. (Sweden), Esterline Technologies Corporation (United States), Flightman Ltd. (Ireland) and Dac International (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2020, NAVBLUE has partnered with Ultramain Systems to integrate the Ultramain Electronic Logbook (ELB) into NAVBLUE's EFB application. This agreement enables ELB and EFB solutions to be used on one single platform.
In February 2021, Korean Air, Korea's leading airline, has signed a contract with NAVBLUE to optimize and digitize cockpit operations from IOS devices to Flysmart+, an electronic flight bag solution. The contract is expected to increase Korean Air's cockpit operating efficiency and optimize aircraft performance calculations., In the US, an Airworthiness Circular AC120-76B issued in 2012 acts as the primary guidance for the installation and operations of EFBs. and In Canada, it is AC700-020, while European Union Aviation Safety Agency (EASA) uses TGL-36 and ICAO representing many international regions that have an EFB sub-group that will finalize recommendations regarding the use of EFBs 2013.Electronic Flight Bag market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Technological Advancement in Aviation Sector and Growing Adoption of Electronic Flight Bags from commercial and Defence Aircrafts
Market Growth Drivers:
Increasing Demand for Reduction in Overall Aircraft Weight and Rise in Real-Time Access of Information
Challenges:
Errors Related to Software and Program Design and Concern Regarding Cyber Security
Restraints:
Lack of Training of Pilots and Crew Member regarding EFBs and Threat of Electronic System Failure
Opportunities:
Improvement in Cockpit and Crew Resource Management
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electronic Flight Bag Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electronic Flight Bag Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electronic Flight Bag players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electronic Flight Bag Study Sheds Light on
The Electronic Flight Bag Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electronic Flight Bag industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Flight Bag industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.