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Key Players in the Commercial Electronic Flight Bag Market focus on Increase in Air Traffic, Aircraft Orders and Deliveries
The commercial electronic flight bag (EFB) market is expected to grow at a CAGR of 13.41% during the forecast period (2014-2020). The commercial EFB market report covers portable EFB (Class 1 and Class 2) as well as installed EFB (Class 3). In the commercial EFB market, North America and Europe are expected to account for the largest market shares; however; the Asia-Pacific region is projected to show continuous level of growth.
The increase in air traffic, increase in aircraft orders and deliveries along with the need for fuel-efficient aircraft are the drivers for this market. The main challenges faced in this market include selecting the appropriate EFB system for an aircraft, need for accurate and consistent update of charts, and software development & maintenance cost.
The portable EFB includes Class 1 and Class 2 EFB, whereas the Installed EFB includes the Class 3 EFB. It is expected that in the forecast period, the Class 2 EFB which is the mounted device will account for the largest market share.
The key players that manufacture EFB systems include International Flight Support (IFS), Thales (France), Navtech, Inc. (Canada), Flightman (Ireland), Jeppesen (U.S.), Lufthansa Systems (Germany), Teledyne Controls (U.S.), Ester Line CMC Electronics (U.S.), and Rockwell Collins (U.S.), among others. Most of these players enjoy their top market positions by entering into strategic alliances. They also keep themselves updated on the market trends by launching new products with advanced technologies that help in improving the operational efficiency.
Commercial Electronic Flight Bag Market by Type (Portable EFB and Installed EFB), by Component (Hardware: Class 1, Class 2, and Class 3, Software: Type A, Type B, and Type C), and by Geography - Forecast 2015 to 2020
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