The Electronic Flight Bag Global Market Report 2023, provides comprehensive information on the electronic flight bag market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global electronic flight bag (EFB) market is poised for significant growth, with projections indicating a robust expansion from its 2022 valuation of $3.03 billion to an estimated $3.34 billion in 2023. This anticipated progression reflects a compound annual growth rate (CAGR) of 10.45%, underscoring the sector's vitality and resilience.
However, as we examine this promising trajectory, it is imperative to acknowledge the dynamic global landscape, which has been marked by disruptions of a substantial nature. The conflict between Russia and Ukraine, a regional conflict with far-reaching repercussions, has introduced a degree of uncertainty into the broader economic context. These geopolitical tensions have culminated in the imposition of economic sanctions on multiple nations, precipitating surges in commodity prices and cascading supply chain disruptions. The consequential ripple effects extend across various sectors, leading to inflationary pressures on goods and services worldwide.
The global EFB market is not immune to these shifts, although it remains poised for growth. Forecasts indicate that, by 2027, the market is expected to burgeon to $5.13 billion, driven by a robust CAGR of 11.31%. This growth trajectory reflects the EFB market's adaptability and resilience in the face of a complex global landscape.
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One notable trend that has gained prominence within the EFB market is the emphasis on product innovation. Leading companies in the sector are actively pursuing innovative solutions to consolidate their positions. For instance, Wizz Air, a renowned ultra-low cost airline based in Hungary, has taken a significant step in this direction. In June 2021, the airline introduced its cutting-edge Electronic Flight Bag (EFB), a technological marvel designed to replace traditional printed onboard manuals with iPads for its pilots.
The implementation of this new EFB system is transformative, enhancing the efficiency of flight planning processes while simultaneously reducing paper consumption and fuel usage. This move is closely aligned with Wizz Air's overarching sustainability commitments, demonstrating the airline's dedication to minimizing its carbon footprint and environmental impact. This example highlights the industry's continuous pursuit of excellence and its commitment to adapting to the evolving needs of modern aviation.
The electronic flight bag market is segmented:
1) By Type: Portable, Installed
2) By Component: Hardware, Software
3) By Platform: Commercial, Military
4) By Applications: Flight Crew Operating Manuals, Static Or Dynamic Electronic Charts, Planning, Zooming, Scrolling
5) By End Use: OEM, Aftermarket
North America was the largest region in the electronic flight bag market in 2022.
The table of contents in TBRC’s electronic flight bag market report includes:
1. Executive Summary
2. Electronic Flight Bag Market Characteristics
3. Electronic Flight Bag Market Trends And Strategies
4. Electronic Flight Bag Market - Macro Economic Scenario
5. Electronic Flight Bag Market Size And Growt
.....
26. Africa Electronic Flight Bag Market
27. Electronic Flight Bag Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Flight Bag Market
29. Electronic Flight Bag Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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