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Electronic Flight Bag (EFB) Market Size

  • Report ID: GMI10717
  • Published Date: Aug 2024
  • Report Format: PDF

Electronic Flight Bag Market Size

Electronic Flight Bag Market size was valued at USD 2.9 billion in 2023 and is expected to grow at a CAGR of over 7% between 2024 and 2032. Technology advancements in aviation have significantly transformed the market by introducing a range of innovations that enhance the functionality, efficiency, and user experience of these systems.

 

Modern EFBs benefit from advancements in several key areas, including hardware, software, and connectivity. In terms of hardware, the evolution of mobile computing technology has led to the development of more powerful and reliable tablets and devices that can handle the demanding requirements of EFB systems. These devices offer improved processing power, higher-resolution displays, and better battery life, which are crucial for maintaining performance and reliability during flight operations. On the software front, advancements have enabled the creation of sophisticated applications that integrate seamlessly with various aviation systems. These applications provide pilots with real-time access to critical flight data, such as weather updates, navigation charts, and aircraft performance metrics. Software improvements also include enhanced user interfaces and intuitive design, making it easier for pilots to interact with and manage flight information.
 

The increasing adoption of digital solutions in the aviation industry is a major growth driver for the market. This shift towards digitalization reflects a broader trend within the industry to leverage technology for improving operational efficiency, safety, and data management. Digital solutions, such as EFBs, replace traditional paper-based flight manuals, charts, and other documents with electronic versions that can be easily accessed and updated. This transition not only reduces the physical burden on pilots but also minimizes the risk of errors associated with manual data handling. Digital solutions streamline the process of accessing and managing flight information, allowing pilots to focus on critical tasks and decision-making.
 

Furthermore, the move towards digital solutions aligns with the aviation industry's broader goals of enhancing operational efficiency and reducing costs. EFBs facilitate real-time access to updated information, such as weather conditions, air traffic data, and navigational charts, which improves flight planning and execution. This digital efficiency translates into operational benefits, including reduced fuel consumption, optimized flight routes, and shorter turnaround times.
 

For instance, in June 2022, Collins Aerospace launches FlightHub Electronic Flight Folder with Access to New Fuel Savings Application. Collins Aerospace is advancing digital aviation solutions that make flights more efficient and sustainable with FlightHub, its new Electronic Flight Folder accessible from an aircraft’s Electronic Flight Bag (EFB). FlightHub centralizes data sources and workflows for pilots and airlines, coordinating the lifecycle of an entire flight from start to finish.
 

The high initial investment and maintenance costs associated with EFBs present a significant pitfall for the market. The initial expenditure required for adopting EFB systems involves several components, including the purchase of hardware, software licenses, integration with existing aviation systems, and training for pilots and staff. Integrating EFB systems with existing aviation infrastructure and flight management systems involves additional costs. This process ensures that EFBs are compatible with other onboard systems and can seamlessly exchange data, which often requires specialized technical support and customization. EFB systems require regular software updates and maintenance to ensure continued functionality and security. These updates can involve subscription fees, technical support services, and periodic upgrades to hardware or software components.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Electronic flight bag industry size was worth USD 2.9 billion in 2023 and will expand at 7% CAGR between 2024 and 2032, owing to increasing demand for operational efficiency and fuel savings in the aviation industry.

The commercial aviation segment will achieve 6% CAGR through 2032, propelled by the sector's high volume of flights and stringent regulatory requirements for operational efficiency and safety.

North America electronic flight bag industry held 35% share in 2023 due to the advanced aviation infrastructure and significant investments in technology upgrades.

Prominent players including Boeing, Honeywell International Inc., Collins Aerospace, Thales Group, Astronautics Corporation of America, Lufthansa Systems, and Teledyne Technologies, are operating in the electronic flight bag (EFB) industry.

Electronic Flight Bag Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 218
  • Countries covered: 19
  • Pages: 210
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