(MENAFN- Ameliorate Digital Consultancy)
As per the study initiated by Evolve Business Intelligence, the global Electronic Flight Bag (EFB) Market size accounted for $3.4 billion in 2022, growing at a CAGR of 6.2% from 2023 to 2033. The“Electronic Flight Bag (EFB) Market” refers to the market for electronic devices, software applications, and related services that provide digital information and tools to assist pilots and flight crews during flight operations. EFBs replace traditional paper-based flight bags and offer a wide range of functionalities, including navigation, flight planning, weather information, performance calculations, and documentation management. This market encompasses the development, distribution, and adoption of EFB solutions.
The Electronic Flight Bag Market is dynamic and continuously evolving as technology advances and airlines seek ways to improve operational efficiency, reduce costs, and enhance safety. As the aviation industry moves toward digitalization and automation, the role of EFBs in flight operations is expected to become increasingly important.
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Key Highlights:
The global Electronic Flight Bag (EFB) Market size was valued at $3.4 billion in 2022 growing at a CAGR of 6.2% from 2023 to 2033. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Electronic Flight Bag (EFB) Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Electronic Flight Bag (EFB) Market report also includes the following data points:
COVID19 Impact on Electronic Flight Bag (EFB) Market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Electronic Flight Bag (EFB) Market
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Key Players
Some of the major Electronic Flight Bag (EFB) Market players holding high market share include China Aviation Navigation Data, Lufthansa Systems, CMC Electronics. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
Astronautics China Aviation Navigation Data CMC Electronics Deer Jet Flightman International Flight Support (IFS) L-3 Communications Holdings Lufthansa Systems Teledyne Control Thales
Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Electronic Flight Bag (EFB) Market:
Market Segment Type with focus on market share, consumption trend, and growth rate of Electronic Flight Bag (EFB) Market:
Market Segment End Use with focus on market share, consumption trend, and growth rate of Electronic Flight Bag (EFB) Market:
Commercial Aviation Military Aviation Business General Aviation
| Parameters | Details |
| Market Size (2022) | $3.4 billion |
| CAGR (2023 to 2033) | 6.2% |
| Market Segmentation | Type, Component and End-Use |
| Country Covered | Lufthansa Systems, CMC Electronics, Flightman, Teledyne Controls, L-3 Communications Holdings, International Flight Support (IFS), Thales
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Global Electronic Flight Bag (EFB) Market Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
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