The objectives of this study are to define, segment, and project the size of the Electronic Flight Instrument System Market based on company, product type, application and key regions.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Electronic Flight Instrument System Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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 R&D 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 A similar initiative to replace outdated Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in aircraft cockpits was started by Swiss avionics company Thommen Aircraft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.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Electronic Flight Instrument System market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
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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
Competitive Outlook:
The global Electronic Flight Instrument System market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Electronic Flight Instrument System market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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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