Market Insights
"The electronic flight bag market was US$ 2.7 billion in 2023 and is likely to grow at a decent CAGR of 6.3% in the long run to reach US$ 4.1 billion in 2030."
Market Dynamics
Introduction
The Electronic Flight Bag (EFB) Market covers portable electronic devices that help aviators replace or minimize paper documents necessary for cockpit operations. EFBs store electronic aviation documents, charts, and operational data making flight operations more efficient, safe, and even enhancing decision-making. The market consists of tablet and integrated systems, software for planning and navigation, connection solutions, and services. Divided by type (Class 1, Class 2, and Class 3), application (commercial, military, and general aviation), and end users (airlines, military, and private operators), the market is facilitated by the ongoing evolution of the paperless aviation environment filled with increasing demands and various regulations, technological progress, and safety-cost concerns.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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By Platform Type
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Commercial Aviation, Business & General Aviation, and Military Aviation
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Commercial aviation is expected to dominate among the other platforms.
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By Component Type
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Hardware and Software
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Hardware is expected to be the widely used component type of the market, during the forecast period.
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By End Use Type
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OEM and Aftermarket
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Aftermarket is dominant amongst other segments
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By Region
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North America, Europe, Asia Pacific, and Rest of the World
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The North American region is expected to dominate the market in the forecasted period.
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By Platform Type
“Commercial Aviation is expected to dominate among the key segments”.
- High Flight Volumes: Business aviation and notably the military took over ten thousand Flight Operations with possibly three, an order of magnitude lower than quantity in commercial aviation alone where there is a greater pressure to facilitate operations by substituting paper.
- Cost Savings: Cost savings via optimization of fuel and paper use are consistent concerns for airlines, and all are made possible by EFBs.
- Regulatory Compliance: Organizations like the FAA and EASA either recommend or require that electronic tools including EFBs are used for safety and efficiency and therefore they are useful to commercial airline companies
By Component Type
“Hardware is expected to be the widely used component type of the market, during the forecast period”.
- Essential Requirement: The implementation of EFBs depends upon the physical acquisition of devices like tablets, laptops, an integrated cockpit, and so on. This makes hardware the base of the market.
- High Initial Investment: As with the first phase of system acquisition, airlines and operators spend much on hardware, which now generates a higher proportion of EFB revenues for this segment.
- Lifecycle Replacement: Computer hardware is made of various parts and kits that need update or replacement because they get damaged, wear out, or improvements are made to enhance their efficiency and this creates a market that is fixed to continue running
By End Use Type
“Aftermarket is anticipated to be the dominant end-use amongst other end-use types.”
- Retrofitting Existing Fleets: A highly important segment represents the EFBs installation on the existing air fleets during such changes as new rules and requirements as well as the need for increasing flight performance.
- Continuous Upgrades: Software upgrades, new hardware for EFB systems, and other accessories are bought frequently as accessories to maintain the EFB systems operative.
- Customization and Flexibility: One of the advantages aftermarket providers have over OEMs is focused EFB solutions that can be fine-tuned to an airline’s exact requirements, which may not be easily achievable with other off-the-shelf systems
Regional Analysis
“The North American region is expected to dominate the market in the forecasted period”.
- Large Fleet Sizes: North America has many of the largest commercial airlines and the largest fleets worldwide that need EFBs for performance, efficiency, financial, and regulatory reasons.
- Technological Advancements: EFB is an innovative technology, and many manufacturers and service providers are located in North America, helping to fund the region’s growth.
Safety and Efficiency Focus: The major benefits for North American airlines are in tapping operational safety, better fuel use, and management—all attributes that are underpinned by EFBs. It also requires technical features for pilots due to the high number of flights.
Key Players
The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the electronic flight bag.
Here is the list of the Top Players (Based on Dominance)
- Raytheon Technologies Corporation
- Honeywell International Inc.
- The Boeing Company
- Thales Group
- Astronautics Corp. of America
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The electronic flight bag market is segmented into the following categories.
Electronic flight bag, by Platform Type
- Commercial Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Business & General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Military Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electronic flight bag, by Component Type
- Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Software (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electronic flight bag, by End Use Type
- OEM (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electronic flight bag, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s electronic flight bag realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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