The Global Electronic Flight Instrument System Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Electronic Flight Instrument System Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Electronic Flight Instrument System Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2020.
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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 (R&D) 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.
The report studies the impact of the COVID-19 pandemic on the Electronic Flight Instrument System market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis.
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The Electronic Flight Instrument System research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.
Major companies operating in the global Electronic Flight Instrument System market include Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics.
Emergen Research has segmented the global EFIS market based on platform, application, fit, and region:
Platform Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
Fit Outlook (Revenue, USD Million; 2019-2030)
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Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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