Pune, India -- (SBWire) -- 11/29/2018 --Market Highlight:
An electronic flight bag (EFB) is an electronic information management device, that improves the performance of flight crew in flight management tasks, by increasing their efficiency in carrying out these tasks. An EFB electronically stores and retrieves documents needed for flight operations such as operating manuals, aeronautical charts, airport information, route information, weather information, the flight log and other information which is required. The electronic flight bag is used for safety purposes by pilots, and it also provides latest operational data which improves fuel efficiency. The rise in popularity of fuel-efficient aircrafts, and factors such as reduction in aircraft maintenance cycle, decreasing the pilot's workload, and real-time access to information, are expected to drive the market during the forecast period. However, there are some shortcomings in operating performance of the electronic flight bag market, for example the costs involved with the implementation of EFBs is very high. Additionally, the cost of maintaining and updating the EFB software also increases the financial burden of airlines.
The documents that can be synchronized to an EFB for a particular flight are flight log, METAR and TAF narrow route briefing, NOTAM narrow route briefing, winds aloft, icing, significant weather, surface weather, flight plan and vertical icing chart. For instance, Rockwell Collins signed an agreement with Airbus to provide the electronic flight bag interface and communication unit for the airbus A320 and A330 aircraft families. The EFB is to connect with onboard and external networks, such as maintenance systems, the aircraft's avionics and airline operating centers.
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Major key Players
The key players in the global electronic flight bag market are UTC Aerospace Systems (U.S.), International Flight Support (Denmark), Astronautics Corporation of America (U.S.), The Boeing Company (U.S.), Esterline CMC Electronics (Canada), NavAero AB (Sweden), Airbus Group SE (France), Rockwell Collins Inc. (U.S.), L-3 Communications Holdings Inc. (U.S.), Teledyne Controls LLC (U.S.), Thales Group (France), DAC International Inc. (U.S.), Lufthansa Systems (Germany), Flightman (Ireland).
The report has been analyzed based on the type, application and region. On the basis of type, Class 2 segment accounts for the largest share in the global electronic flight bag market due to increase in elimination of paper, convenience and light weighted. Class 1 segment is the second largest on the basis of type and is projected to grow at a CAGR of 12.70% during the forecast period. Based on application, Commercial segment accounted for the largest market share of 51.14% in 2011, with a market value of USD 833.3 million and grew at the highest CAGR of 13.03% during the forecast period. Meanwhile, the North America Electronic Flight Bag Market is expected to reach USD 2257.3 million by 2023.
Industry/ Innovation/ Related News:
January, 2018 – UTC Aerospace Systems signed a contract with aerospace software provider PACE to make fuel efficiency application pacelab flight profile optimizer, which helps airlines to achieve significant fuel savings.
January, 2018 – Avion Express signed an agreement with IFS – International Flight Support to support its system with paperless solutions.
April, 2015 – Rockwell Collins signed a contract with Airbus to provide the Electronic Flight Bag (EFB) interface and communication unit for the airbus A320 and A330 aircraft families.
Competitive Analysis
Electronic Flight Bag Market is highly competitive, and vendors compete on the basis of cost, composite material quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to optimize their product development process to provide cost-effective and high-quality aerospace composite materials and parts.
The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Regional Analysis
North American region is dominating the market of the global electronic flight bag market due to growing commercial aircraft and reduction in the maintenance of aircraft.
Europe is referred to as the second-largest electronic flight bag market due to factors such as increase in spending on advancement of cockpit and increasing need for accuracy in flight operation manuals have fuelled the demand for global electronic flight bag market.
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Intended Audience
Electronic flight bag manufacturers
Distributer & Supplier companies
End Users
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
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Electronic Flight Bag Market 2018 Competitive Landscape, Strategies, Share, Trends, Segmentation, Growth Forecast 2023