The global Electronic Flight Instrument System market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Electronic Flight Instrument System industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The global Electronic Flight Instrument System (EFIS) market size was USD 598.8 Million in 2021 and is expected to register a revenue CAGR of 2.7% during the forecast period. Rising demand for integration of advanced avionics onboard new aircraft as a substitute for cumbersome electromechanical gauges and indications, thereby conserving weight and lowering operational and maintenance costs for end-users, is a major factor driving market revenue growth. EFIS is a display system in a flight deck, which displays flight data electronically rather than electromechanically. This system is made up of Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating and Crew Alerting System (EICAS). Several manufacturers are devoting substantial resources to Research Development (RD) of highly sophisticated avionics and EFIS. For instance, in October 2021, at the 2021 NBAA conference, Universal Avionics debuted its new Flight Partner and Flight Review programs. Similarly, in March 2022, Thommen Aircraft, a Swiss-based avionics firm, launched its new display replacement services, with the goal of replacing old Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in the cockpit of aircraft.
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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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Segmental Analysis
The global Electronic Flight Instrument System market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Electronic Flight Instrument System sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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)
Research Report on the Electronic Flight Instrument System Market Addresses the Following Key Questions:
Who are the dominant players of the Electronic Flight Instrument System market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Electronic Flight Instrument System market?
What are the key growth drivers and restraining factors of the Electronic Flight Instrument System market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Electronic Flight Instrument System market and its key segments?
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