Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Electronic Flight Bag Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global electronic flight bag (EFB) market is experiencing a remarkable growth trajectory, an analysis of industry insights reveals. A comprehensive research publication added to our extensive database underscores the critical factors driving this surge. Key influences include the shift towards digital solutions in aviation, the demand for advanced features, and the integration of next-generation aircraft technologies.
Breakthroughs in EFB technology are revolutionizing the aerospace sector by optimizing flight operations and enhancing pilot efficiency. The market is witnessing significant developments, such as advanced connectivity solutions, data analytics, and cybersecurity measures. The Asia-Pacific region, in particular, is poised for rapid growth, catalyzed by rising air traffic and increased airline deliveries.
Market Highlights:
- The electronic flight bag market is forecasted to grow to $5.76 billion by 2028.
- Asia-Pacific emerges as the fastest-growing region in the electronic flight bag arena.
- Technological innovations like mobile device evolution and data analytics bolster market expansion.
An uptrend in air travel demand constitutes an essential driver for the EFB market. The increased affordability of flights, alongside a flourishing global economy, has contributed to a burgeoning number of passengers availing air travel, as detailed in the latest IATA reports.
Market Dynamics:
Hardware and Software Innovations: Portable and installed EFBs, featuring cutting-edge hardware and software components, are indicative of the market trends steering toward a fully digital cockpit experience.
Strategic Moves by Industry Titans
Major industry players have launched groundbreaking products, such as Wizz Air's initiative to digitize onboard manuals and reduce carbon emissions. Additionally, Collins Aerospace's acquisition of FlightAware marks a monumental step towards a globally connected aviation ecosystem, fortified with comprehensive flight tracking capabilities.
Market Segmentation:
The industry is segmented into portable and installed EFBs. These tools play a crucial role in enhancing operational efficiency across both military and commercial aircraft, serving an array of functions from flight planning to documentation management.
Outlook:
As global aviation heads towards a more connected, efficient, and sustainable future, the electronic flight bag market remains a pivotal aspect that embodies technological progress within the sector. This market research document encapsulates the key trends, opportunities, and challenges that will shape the landscape of electronic flight bags in the coming years.
A selection of companies mentioned in this report includes
- Airbus SAS
- Astronautics Corporation of America
- Avilution LLC
- Avionics Innovations Inc.
- AvioVision
- Bluebox Aviation Systems Ltd.
- Boeing Digital Solutions Inc.
- CMC Electronics Inc.
- DAC International Inc.
- Shanghai Deer Jet Aviation Co.Ltd.
- Esterline Technologies Corporation
- Flightman
- Flygprestanda AB
- GE Aviation
- Honeywell International Inc.
- International Flight Support
- L3Harris Technologies Inc.
- Lufthansa Systems GmbH & Co. KG.
- Navarro AB
- Raytheon Technologies Corporation
- Rockwell Collins Inc.
- Teledyne Technologies Inc.
- The Boeing Company
- Thales Group
- Universal Avionics Systems Corporation
- AirFusion Inc.
- Apprimus Informatik GmbH
- Anuvu Operations LLC
- Collins Aerospace
- Scandinavian Avionics A/S
For more information about this report visit https://www.researchandmarkets.com/r/rz1vlw
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