Electronic Flight Bag Global Market Report 2024

The electronic flight bag market size has grown rapidly in recent years. It will grow from $3.34 billion in 2023 to $3.71 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth observed in the historical period can be attributed to various factors, including a focus on fuel efficiency and cost reduction, heightened environmental considerations, an emphasis on safety and situational awareness, improvements in operational efficiency, and widespread industry endorsement and acceptance of related technologies.

The electronic flight bag market size is expected to see rapid growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The anticipated growth in the forecast period can be attributed to factors such as the integration of Electronic Flight Bags (EFBs) with next-generation aircraft, the ongoing transition to paperless cockpits, an increased emphasis on safety measures, cost-efficiency initiatives, and the rise in air traffic. Major trends expected in this period include the evolution of mobile devices used in aviation, the implementation of data analytics and connectivity solutions, the integration of advanced features into EFB systems, heightened focus on cybersecurity measures, and the adoption of cloud-based solutions in aviation operations.

The upward trajectory in air travel demand is anticipated to be a significant driver for the electronic flight bag (EFB) market's expansion. This surge in air travel is attributed to the burgeoning global economy and the increased accessibility provided by low-cost airlines. EFB, the system facilitating the transfer and management of electronic documents during flight, stands to benefit from this trend. An instance highlighting this growth occurred in March 2023, as per the International Air Transport Association (IATA). The report noted a substantial 67.0% rise in total air traffic, measured in revenue passenger kilometers, during January 2023 compared to the same period in 2022. Furthermore, the global international air traffic in January 2023 surged to 104.0% of January 2019 levels, signaling robust growth across all markets. Hence, the surge in air travel fuels the electronic flight bag market's expansion.

The burgeoning number of aircraft deliveries is forecasted to propel the growth of the electronic flight bag market. The surge in aircraft deliveries, the final stage of aircraft manufacturing, is steering the adoption of Electronic Flight Bags (EFBs). These systems furnish pilots with crucial flight information encompassing charts, navigation data, and performance computations. A case in point is the projection by The Boeing Company in June 2023, estimating the delivery of approximately 42,595 new commercial aircraft, valued at $8 trillion, worldwide by 2042. Consequently, the escalating aircraft deliveries serve as a catalyst for the electronic flight bag market's growth.

Product innovation stands out as a pivotal trend gaining traction within the electronic flight bag market. Key industry players are actively introducing innovative offerings to maintain their foothold in this market segment. For instance, in June 2021, Wizz Air, a Hungary-based ultra-low-cost airline recognized for its environmental initiatives, unveiled its latest electronic flight bag (EFB). This technical solution substitutes all printed onboard manuals and materials with iPads for pilots. Implementing this new EFB system enhances the efficiency of flight planning processes while aligning with Wizz Air's sustainability commitments by curbing paper use and reducing fuel consumption. This initiative bolsters the airline's objective to further mitigate carbon emissions and environmental impact.

Key players within the electronic flight bag (EFB) market are directing their efforts toward technological advancements, notably the development of electronic flight folders (EFF), to attain a competitive advantage. An Electronic Flight Folder (EFF) acts as a digital repository containing comprehensive flight information utilized by pilots for planning and executing flights. A notable example occurred in June 2022 when Collins Aerospace, a US-based provider of aerospace and defense solutions, introduced FlightHub Electronic Flight Folder. FlightHub, accessible via an aircraft's Electronic Flight Bag (EFB), offers pilots access to diverse electronic flight data. It seamlessly integrates with Collins Aerospace's Flight Profile Optimization (FPO) software, designed to aid pilots in conserving fuel by optimizing flight paths. FPO takes into account various parameters such as weather conditions, wind patterns, and air traffic to calculate the most fuel-efficient route for each flight.

In November 2021, Collins Aerospace, a US-based aerospace and defense products supplier, acquired FlightAware in a transaction of undisclosed value. This strategic acquisition empowers Collins to harness the full potential of a connected ecosystem for their clientele, leveraging FlightAware's strengths in data collection, analytics, and customer experience. FlightAware, a multi-national technology company headquartered in the US, specializes in providing global flight tracking solutions, predictive technology, analytics, and decision-making tools. It furnishes comprehensive flight data, encompassing scheduled, estimated, and actual departure and arrival times, contributing significantly to Electronic Flight Bag (EFB) operations.

Major companies operating in the electronic flight bag market report are 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.

North America was the largest region in the electronic flight bag market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic flight bag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic flight bag market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electronic Flight Bags come in two main types such as portable and installed, utilizing components such as hardware and software. Portable EFBs are designed to be transportable, often for use on the flight deck or in the cabin, exemplified by devices such as Cockpit iPads. On the other hand, installed EFBs are integrated into platforms such as military and commercial aircraft. EFBs are utilized for tasks such as referencing flight crew operating manuals, accessing static or dynamic electronic charts, facilitating flight planning with features such as zooming and scrolling, and finding applications in both original equipment manufacturer (OEM) installations and aftermarket solutions.

The electronic flight bag market research report is one of a series of new reports that provides electronic flight bag market statistics, including electronic flight bag industry global market size, regional shares, competitors with electronic flight bag market share, detailed electronic flight bag market segments, market trends, and opportunities, and any further data you may need to thrive in the electronic flight bag industry. This electronic flight bag market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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