Electronic Flight Bag (EFB) is an electronic device which is built for crew members and flight deck to perform their flight management work more effectively and efficiently. All functions can be accessible through device which reduces paper work. It replaces paper with electronic device and contains information same as manual of crew, pilot, navigated routes, maps, and track the route. As EFB devices' calculates and shows the exact landing and take-off calculations. Besides this, it helps in minimizing fuel costs also it reduced load of updating the document, manuals and charts.
MARKET SCOPE
The "Global Electric Flight Bag Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric flight bag market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading electric flight bag market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on Components, the global electric flight bag market is segmented into hardware and software.
? On the basis of installation type, the market is segmented into portable and installed.
? Based on aircraft type, the market is bifurcated into commercial and military
? On the basis of application, the market is segmented as E-Documents, Charts, Video Surveillance, Airport Moving Maps and Others
MARKET DYNAMICS
Drivers:
? New technologies are about to be introduce including forms of communication, hosted databases and applications
? Helps in minimizing fuel costs also it reduced load of updating the document, manuals and charts
Restraints
? Lacking technical know-how and accessibility of device among crew members
? Installation cost and maintenance of EFB is high
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric flight bag market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric flight bag market in these regions.
IMPACT OF COVID-19 ON ELECTRONIC FLIGHT BAG MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry?s topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
MARKET PLAYERS
The report covers key developments in the electric flight bag market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric flight bag market are anticipated to lucrative growth opportunities in the future with the rising demand for electric flight bag in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric flight bag market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Airbus S.A.S.
? Jeppesen
? Lufthansa Aviation Group
? Astronautics Corporation of America
? Flightman
? DAC International, Inc.,
? L3Harris Technologies Inc.
? UTC Aerospace Systems
? Teledyne Controls LLC
? Esterline Technologies Corporation
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.