The global electronic flight bag market size is expected to reach USD 4.33 Billion by 2030 according to a new study by Polaris Market Research. The report “Electronic Flight Bag Market Share, Size, Trends, Industry Analysis Report, By Platform, By System (Satcom Systems, Radio Systems, Security Systems, Management Systems), By Application (E-Documents, Charts, Video Surveillance, Airport Moving Maps, Others), By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Consumer's per capita incomes are growing due to robust financial expansion, and increased air traveler traffic motivates companies to increase their aircraft. Consequently, the increased growth of air traveling plays a significant part in the industry's development. The electric airplane bag weighs far less than a traditional airplane. This will serve as a significant factor in the development of the electric airplane industry by reducing fuel expenditure and improving passenger comfort.
Furthermore, the growing number of commercial aircraft is one of the primary drivers of the electric airplane bag industry. As the world's population grows, so does air passenger traffic, and with it, the number of airplanes available. To handle the aircraft and keep everything running well, there is a need for an electric airplane bag. As a result, the market's demand is increasing. For instance, according to the Federal Aviation Administration (FAA), its Air Traffic Organization (ATO) serves over 45,000 flights and 2.9 million passengers every day.
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The U.S. dominated the market in 2021 and is expected to maintain its dominance over the forecast period. The presence of many EFB producers, including Collins Aerospace Boeing, and Honeywell International, Inc, has contributed to the development of the industry in this region.
Some of the major players operating in the global market include Astronautics Corporation of America, Airbus SAS, Thales Group, CMC Electronics Inc., DAC International Inc., Collins Aerospace, Esterline CMC Electronics, Honeywell International Inc., International Flight Support, Lufthansa Systems, L3Harris Technologies Inc., Rockwell Collins Inc., Navarro AB, Teledyne Controls LLC, and The Boeing Company.
Polaris Market Research has segmented the electronic flight bag market report on the basis of component, technology, deployment, end-use, and region:
Electronic Flight Bag, Platform Outlook (Revenue – USD Billion, 2018 - 2030)
Electronic Flight Bag, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Electronic Flight Bag, System Outlook (Revenue - USD Billion, 2018 - 2030)
Electronic Flight Bag, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Electronic Flight Bag, Regional Outlook (Revenue - USD Billion, 2018 - 2030)