Electronic Flight Bag Market Overviews
The Electronic Flight Bag Market size was valued at USD 2.89 Bn. in 2023 and the total Global Electronic Flight Bag revenue is expected to grow at a CAGR of 9.3% from 2024 to 2030, reaching nearly USD 5.42 Bn. by 2030.
An Electronic Flight Bag (EFB) is a digital information management tool defined as an electronic system comprising equipment and applications to support flight operations. EFBs streamline flight management by replacing paper manuals and charts with digital versions, offering tools for flight planning, performance calculations, real-time weather updates, and enhanced communication. These devices are portable or permanently installed, improving operational efficiency by reducing paperwork and weight, enhancing safety by minimizing human error, and ensuring regulatory compliance.
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Electronic Flight Bag Market Scope and Methodology:
EFBs provide performance applications that compute the aircraft load sheet and performance metrics at various stages of flight, such as take-off, cruise, and landing. They replace traditional paper-based processes, including managing checklists and procedures, and allow flight crews to access critical flight operations documentation, such as the Flight Crew Operating Manual (FCOM), Crew Flight Time Management (CFTM), and Minimum Equipment Lists (MEL). The ability to access mission data, including flight plans, navigation charts, and flight folders, enhances situational awareness and decision-making, offering real-time updates and dynamic data management essential for efficient flight operations in the Electronic Flight Bag Market.
Electronic Flight Bag Market Regional Insights
North America is one of the leading regions in the Electronic Flight Bag (EFB) market, driven by the early adoption of advanced aviation technologies and stringent regulatory frameworks. In 2023, the region accounted for approximately 35% of the global Electronic Flight Bag market share. The United States, in particular, has seen significant adoption of EFBs across major airlines and private operators. Production capacity in North America is bolstered by major EFB manufacturers and software developers headquartered in the region. The electronic flight bag market size in North America for EFBs is projected to reach USD 800 million by the end of 2024, with continued growth expected due to the high rate of technological adoption and favorable regulatory support.
Electronic Flight BagMarket Segmentation
Based on the Component, the hardware segment, including devices such as tablets, mounts, and connectivity hardware, is essential for deploying EFB systems. In 2023, this segment is valued at approximately USD 1 billion. The average cost of EFB hardware ranges from USD 5,000 to USD 25,000 per aircraft, depending on the complexity and integration level. Hardware is critical for the operational deployment of EFBs, but it is the software that drives most of the innovation and user functionality. The software segment dominates the EFB market due to its critical role in enabling various functionalities and continuous innovation. Its higher growth rate and larger market size reflect its importance in the overall EFB ecosystem.
Electronic Flight Bag Market Key Players
Thales (France)
Ramco Systems (India)
Boeing (US)
Astronautics Corp. of America (US)
Raytheon Technologies Corporation (US)
Aircraft Spruce (US)
International Flight Support (IFS) (UK)
CMC Electronics (Canada)
Deer Jet (China)
Flightman (Ireland)
Teledyne Controls (US)
Lufthansa Systems (Germany)
China Aviation Navigation Data (China)
L-3 Communications Holdings (US)
Others
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Key questions answered in the Electronic Flight Bag Market are:
- What is Electronic Flight Bag ?
- What was the Electronic Flight Bag market size in 2023?
- What is the growth rate of the Electronic Flight Bag Market?
- Which are the factors expected to drive the Electronic Flight Bag market growth?
- What are the different segments of the Electronic Flight Bag Market?
- What growth strategies are the players considering to increase their presence in Electronic Flight Bag ?
- What are the upcoming industry applications and trends for the Electronic Flight Bag Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electronic Flight Bag Market?
- Who are the leading companies and what are their portfolios in Electronic Flight Bag Market?
- What segments are covered in the Electronic Flight Bag Market?
- Who are the key players in the Electronic Flight Bag market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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