Commercial Electronic Flight Bag Market worth $4.27 BN by 2020, According to a New Study on ASDReports
According to a new market research report, now available on ASDReports, "Commercial Electronic Flight Bag Market by Type (Portable EFB and Installed EFB), Component (Hardware: Class 1, Class 2, and Class 3, Software: Type A, Type B, and Type C), and Geography - Forecast 2015 to 2020", Commercial Electronic Flight Bag Market forecasted to reach $4.27 Billion by 2020 with a CAGR of 13.41%.
Electronic flight bag (EFB) is an equipment that provides real-time flight information, which facilitates the cabin crew to perform flight management tasks more efficiently. Pilots need not carry paper-based reference materials comprising navigational charts and operating manual as an EFB would enable them to be carried in an electronic format, which can be updated on a time-to-time basis. EFB can host software applications to automate other functions that were previously conducted by hand.
Commercial Electronic Flight Bag Market - Forecast 2015 to 2020
An EFB typically weighs around 0.5 to 2.2 kg, which is a substantial reduction of weight as compared to the traditional flight bag that weighs around 30 to 40 kg. It enhances safety and reduces pilot workload & cost of operations by performing flight tasks more efficiently. The various applications of EFB aiding the aircraft by providing an array of information include moving maps, airports map, weather information, and performance calculation. The benefits of using an EFB depend on the scale of operation and type of applications used.
The commercial electronic flight bag market is estimated to be $2.28 Billion in 2015 and is expected to register a CAGR of 13.41%, to reach $4.27 Billion by 2020. The Asia-Pacific region is expected to be the fastest-growing market during the forecast period.
The commercial electronic flight bag market is highly competitive, with a significant number of market players. This report studies the growth strategies adopted by these market players. The strategies adopted by players to expand their global presence and increase their market share include partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.
The key players covered in the report include International Flight Support (IFS), Thales (France), Navtech, Inc. (Canada), Flightman (Ireland), Jeppesen (U.S.), Lufthansa Systems (Germany), Teledyne Controls (U.S.), Ester Line CMC Electronics (U.S.), and Rockwell Collins (U.S.), among others.
Scope of the report
This report analyzes the global electronic flight bag market based on:
- Types of electronic flight bag
- Component of EFB
- Geographic regions
In addition to market sizes and forecasts, this report also provides a detailed analysis of the market and technology trends to gain competitive market intelligence. The impact of drivers and restraints and their impact on this market have been listed to provide an in-depth insight of the market.
Source : ASDReports - Market Research - view original press release