The electronic flight bag (EFB) market is projected to grow from USD 2.73 Billion in 2015 to USD 5.06 Billion by 2020, at a CAGR of 13.09% during the forecast period from 2015 to 2020. The market for EFB is driven by various factors, such as the rising need for accurateness in airplane performance. This report covers the forecast of the EFB market and its dynamics over the next five years, while also recognizing market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. The report includes market dynamics, such as drivers, restraints, challenges, and opportunities, along with Porter’s Five Forces analysis and a life cycle analysis of this market. The base year considered for the study is 2014 and the forecast period is from 2015 to 2020.
The portable class 2 EFB is expected to grow at healthy growth rate during the forecast period. This type of EFB doesn’t require airworthiness approval, which makes it easier for the pilots to use EFB’s during the flight. Class 2 EFB has the advantage that it can be used during all phases of a flight. Moreover, the hardware required for class 2 EFB is low cost and can be procured from the existing vendor.
The market size estimations for various segments and subsegments of this market were arrived at through extensive secondary research, corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. This research study involved use of both, primary and secondary sources. Secondary sources include directories and databases, such as annual reports and Factiva to identify and collect relevant information on the EFB market. Major players in the EFB market were identified across regions and their offerings, distribution channel; the regional presence is understood through in-depth discussions. Also, average revenue generated by these companies, segmented by region, was used to arrive at the overall communication test and measurement of the market size.
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The ecosystem of the EFB market comprises various component suppliers of the EFBs. Various EFB components manufactures, such as Airbus Group SE (Europe), Rockwell Collins Inc. (United States), UTC Aerospace Systems (United States), L-3 Communications Holdings Inc. (United States) and Teledyne Controls (United States), sell different EFBs to the airline industry. This study answers several questions for stakeholders, primarily of segments to focus over the next five years for prioritizing efforts and investments.
- EFB Manufacturers
- Aviation Regulatory Authorities
- Technology Support Providers
Scope of the Report
EFB Market, By Component
EFB Market, By Geography
- North America
- Rest of World
With the given market data, MarketsandMarkets offers customizations in accordance to company-specific needs. The following customization options are available for the report:
- Electronic flight bag Market, Cost Analysis
- Cost analysis by component
- Cost analysis by type
- Electronic flight bag Market, By Geography
- The Middle East
- Latin America