The Global Electronic Flight Instrument System Market research evaluates historical and current data in addition to providing a detailed examination of market dynamics. The important market growth driving and restraining variables that are projected to have an impact on market growth over the course of the forecast period are also discussed in the study. For the forecast period of 2022–2030, the Global Electronic Flight Instrument System Market analyses the market environment to provide growth forecasts for the Electronic Flight Instrument System Market industry. The study focuses on potential growth opportunities and constraints that the leading industry participants might experience over the course of the full forecast period.
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 RD 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 A similar initiative to replace outdated Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in aircraft cockpits was started by Swiss avionics company Thommen Aircraft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.
Global Electronic Flight Instrument System Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
RD Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
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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)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additional information offered by the report:
Along with a complete overview of the global Electronic Flight Instrument System market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Electronic Flight Instrument System market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
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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