The global electronic flight instrument system (EFIS) market size is expected to reach USD 793.8 million by 2030, according to a new study by Polaris Market Research. The report “Electronic Flight Instrument System (EFIS) Market Share, Size, Trends, Industry Analysis Report, By Application (Aircraft Engine Monitoring, Flight Attitude, Navigation), By Sub-System; By Platform (Fixed Wing, Rotary Wing), By Fit (Line fit, Retrofit); By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The use of advanced avionics with low-weight profiles is increasing. Furthermore, the previous type of aircraft displayed the aircraft’s performance parameters using large electromechanical gauges and indicators. A major avionics manufacturer is collaborating with an aviation service provider in order to integrate and install contemporary avionics with enhanced functions. To meet the need for new avionics and EFIS as part of the fleet modernization plans made by operators, a number of contracts are being given out.
However, NAV CANADA announced in February 2022 that it would put into effect a new regulation requiring pilots of aircraft operating in specific domestic airspace to adhere to ADS-B Out Performance Requirements. On February 23, 2023, the mandate will take effect in Class A and B Canadian airspace above 12,500 feet.
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The global deployment of modern EFIS is being driven by the increased need for aircraft modernization to increase operating safety and fuel efficiency, hence reducing operational costs. Over the past ten years, there has been an increase in air passenger traffic footprints worldwide. The market for commercial aviation is being driven by airline firms, increasing the size of their aircraft fleet to fulfill demand.
Electronic Flight Instrument System (EFIS) Market Report Highlights
- Flight attitude navigation segment is anticipated to grow dominantly owing to current safety regulations requiring adopting digital avionics equipment such as EFIS to improve aircraft safety and operating profile.
- Linefit accounted for the highest CAGR in the global revenue share. Moreover, upcoming regulations will drive the line-fit market segment since older aircraft lack the electrical design for retrofitting large screens and other EFIS systems.
- The EFIS market in North America is expected to grow at a maximum CAGR during the projected period, while the commercial and business aviation sectors will benefit from increased air travel demand. As geopolitical rifts grow, nations like the USA increase their investments and spending on defense equipment.
- There are several companies in the global market, including Rockwell Collins, L-3 Communications Holding Inc., Honeywell International Inc., Astronics Corporation, Esterline Technologies Corporation, Dynon Avionics, Thales S.A., BAE Systems PLC, Meggitt PLC, Aspen Avionics, Garmin Ltd., Avidyne Corporation, and Genesys Aerosystems, among others.
Polaris Market Research has segmented the electronic flight instrument system (EFIS) market report based on application, platform, fit, Sub-system, and region:
Electronic Flight Instrument System (EFIS), Application Outlook (Revenue – USD Million, 2018 – 2030)
- Aircraft Engine Monitoring
- Flight Attitude Navigation
Electronic Flight Instrument System (EFIS), Sub-system Outlook (Revenue – USD Million, 2018 – 2030)
- Communication & Navigation Systems
- Display Systems
- Flight Management Controls & Systems
- Processing Systems
Electronic Flight Instrument System (EFIS), Platform Outlook (Revenue – USD Million, 2018 – 2030)
- Fixed Wing
- Rotary Wing
Electronic Flight Instrument System (EFIS), Fit Outlook (Revenue – USD Million, 2018 – 2030)
Electronic Flight Instrument System (EFIS), Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa