The Global Electronic Flight Instrument System Market research study published by Emergen Research is an extensive collection of insightful information about the Electronic Flight Instrument System Market industry. The report covers the Electronic Flight Instrument System Market segmentation along with a detailed outline of the Electronic Flight Instrument System Market size with regards to volume and valuation. The report provides comprehensive coverage of the Electronic Flight Instrument System Market scenario for the current period and forecast timeline of 2022-2030.
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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 Rate over the next five years. A significant factor driving market revenue growth is the rising demand for the integration of advanced avionics aboard new aircraft as a replacement for bulky electromechanical gauges and indications, which reduces weight and lowers operational and maintenance costs for end-users. A flight deck display system called an EFIS uses electronic rather than electromechanical means to show flight data. Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating, and Crew Alerting System make up this device (EICAS). Many makers are investing significant resources in the R&D of extremely complex avionics and EFIS.
For instance, Universal Avionics unveiled its new Flight Partner and Flight Review programmes at 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 A similar initiative to replace outdated Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in aircraft cockpits was started by Swiss avionics company Thommen Aircraft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. But one of the main things stopping the growth of the market for revenues in some countries is the strict EFIS design regulations. Since EFIS is a crucial part of the flight deck, the safety of the crew and passengers depends on the system’s and its subcomponents’ correct operation.
How will this Report Benefit you?
The 250-page report by Emergen Research contains 194 tables and 189 charts and graphs. Anyone in need of a commercial, in-depth assessment of the global Electronic Flight Instrument System market and comprehensive market segment analysis can benefit from our new research. With the latest research, you can estimate the entire Electronic Flight Instrument System regional and global markets. To grow your market share, get financial analysis of the entire market and its various segments. We believe there is great potential for fast-growing energy storage technology in this industry. Find out how to leverage current and potential revenue streams in this area. Research also helps you make better strategic decisions, allowing you to formulate growth strategies, enhance competitive analysis, and improve business productivity.
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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.
Major players in the market report include Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics.
Research Report on the Electronic Flight Instrument System Market Addresses the Following Key Questions:
Who are the dominant players of the Electronic Flight Instrument System market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Electronic Flight Instrument System market?
What are the key growth drivers and restraining factors of the Electronic Flight Instrument System market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Electronic Flight Instrument System market and its key segments?
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Emergen Research has segmented the global EFIS market based on platform, application, fit, and region:
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Platform Outlook (Revenue, USD Million; 2019-2030)
- Commercial Aviation
- Military Aviation
- General Aviation
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Application Outlook (Revenue, USD Million; 2019-2030)
- Navigation
- Information Management
- Engine Monitoring
- Others
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Fit Outlook (Revenue, USD Million; 2019-2030)
- Line-Fit
- Retrofit
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