Electronic Flight Instrument System (EFIS) Industry Size

Electronic Flight Instrument System (EFIS) Industry worth $720 Million by 2027

The report "Electronic Flight Instrument System (EFIS) Market by Application, Platform (General Aviation, Commercial Aviation, Military Aviation), Sub-System (Display Systems, Processing Systems, Control Panel), Fit and Region - Global Forecast to 2027" The electronic flight instrument (EFIS) market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027. The deployment of EFIS is driven by the rising demand for aircraft modernization to improve operating safety and fuel economy, consequently lowering operational costs. Advance EFIS and other digital avionics are already present in newer generation aircraft.  To improve operational efficiency and safety, airline operators are rapidly updating their aircraft outdated electronics systems

Browse 227 market data Tables and 47 Figures spread through 230 Pages and in-depth TOC on "Electronic Flight Instrument System (EFIS) Market by Application, Platform (General Aviation, Commercial Aviation, Military Aviation), Sub-System (Display Systems, Processing Systems, Control Panel), Fit and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electronic-flight-instrument-system-market-69256154.html

The commercial aviation segment is estimated to account for the largest share of the electronic flight instrument system (EFIS) market during forecast period.

Based on Platform, commercial aviation segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. Over the last ten years, there has been a rise in air passenger traffic throughout the world. To fulfil this demand, airline companies are strengthening their aircraft fleet sizes, which is fuelling the market for commercial aviation. Additionally, to improve the safety and operating profile of the aircraft, the emerging safety regulations necessitate the adoption of digital avionics equipment like EFIS.

The flight attitude segment is estimated to dominate market share in the electronic flight instrument system (EFIS) market during the forecast period.
 
Based on application, the flight attitude segment is projected to lead the market during the forecast period. The integration of advanced avionics suites that monitor the orientation at the aircraft is one of the primary drivers of the flight attitude segment of the market. The market for flight attitude factors is being driven by the integration of sophisticated avionics technology that manages aircraft movement.

The line-fit segment is estimated to dominate market share in the electronic flight instrument system (EFIS) market during the forecast period.

Based on Fit, the line-fit segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. More aircraft deliveries are being done to effectively service the steadily increasing passenger demand.  Since older generation aircraft lack the electrical design element to retrofit large screens and other EFIS technologies, new regulatory mandates are anticipated to drive the line-fit segment of the market.

North America is projected to lead the market during the forecast period.

North America accounted for the largest market share in 2022, and Latin America is projected to witness the highest CAGR during the forecast period. The market for EFIS in these regions commercial and business aviation sectors is expected to benefit from the growing demand for air travel, while the race for military superiority is intensifying due to the widening of the geopolitical rift, as evidenced by increased spending and investments in the modernization of various defence equipment by nations like the US.

Major players operating in the electronic flight instrument system (EFIS) market are Honeywell International Inc. (US), Raytheon Technologies Corporation (US), General Electric Company (US), Thales SA (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), Garmin Limited (US), and L3Harris Technologies Inc. (US).

Don’t miss out on business opportunities in Electronic Flight Instrument System (EFIS) Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Electronic Flight Instrument System (EFIS) Market Size,  Share & Growth Report
Report Code
AS 4927
PR Published ON
8/17/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Electronic Flight Instrument System (EFIS) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home