The Global Electronic Flight Instrument System Market research report is a detailed document outlining the recent advancements and developments in the Electronic Flight Instrument System Market business sphere considering 2021 as the base year and 2022-2030 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
The market for Electronic Flight Instrument Systems (EFIS) was valued at USD 598.8 million in 2021 and is anticipated to grow at a 2.7% revenue CAGR over the next five years. A significant element driving market revenue growth is the rising need for the integration of advanced avionics onboard new aircraft as a replacement for bulky electromechanical gauges and signals, which reduces weight and lowers operational and maintenance costs for end-users. A flight deck display system called an EFIS uses electrical rather than electromechanical means to display flight data. Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating, and Crew Alerting System make up this system (EICAS). Many manufacturers are investing significant resources in the RD of extremely complex avionics and EFIS. For instance, Universal Avionics launched its new Flight Partner and Flight Review programmes during the 2021 NBAA conference in October 2021. A similar initiative to replace outdated Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in aircraft cockpits was started by Swiss avionics company Thommen Aircraft in March 2022.
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However, stringent EFIS design rules are a primary factor limiting market revenue development in certain nations. Safety of crew and passengers is dependent on system's and its subcomponents proper operation, as EFIS is an essential component of flight deck. Thus, EFIS must be constructed in accordance with rules established by aviation regulatory bodies and its performance and accuracy must be evaluated prior to gaining installation-type certification.
Global Electronic Flight Instrument System Market Report – Table of Contents:
Chapter 1 includes the global Electronic Flight Instrument System market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Electronic Flight Instrument System market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Electronic Flight Instrument System market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Electronic Flight Instrument System industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Electronic Flight Instrument System industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented the global EFIS market based on platform, application, fit, and region:
- Platform Outlook (Revenue, USD Million; 2019-2030)
- Commercial Aviation
- Military Aviation
- General Aviation
- Application Outlook (Revenue, USD Million; 2019-2030)
- Navigation
- Information Management
- Engine Monitoring
- Others
- Fit Outlook (Revenue, USD Million; 2019-2030)
- Line-Fit
- Retrofit
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Electronic Flight Instrument System market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Key Companies Profiled in the Report:
Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics.
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Regional Landscape section of the Electronic Flight Instrument System report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Key Questions Answered in the Report:
What will be the estimated growth rate of the Electronic Flight Instrument System market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Electronic Flight Instrument System market throughout the forecast period?
What are the current and future market trends of the Electronic Flight Instrument System market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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