Electronic Flight Instrument System (EFIS) Market

Electronic Flight Instrument System (EFIS) Market worth 1,139.6 Million USD by 2021

The report "Electronic Flight Instrument System (EFIS) Market by Application (Flight, Engine Monitoring, Navigation), Sub-system (Display, Communication & Navigation, Flight Management), Fit (ADS-B, EVS), Platform (Fixed, Rotary) and Region - Global Forecast to 2021", The electronic flight instrument system (EFIS) market is projected to grow from USD 867.9 Million in 2016 to USD 1,139.6 Million by 2021, at a CAGR of 5.60% during the forecast period.

Browse 75 market data tables and 55 figures spread through 166 pages and in-depth TOC on “Electronic Flight Instrument System (EFIS) Market - Global Forecast to 2021”
https://www.marketsandmarkets.com/Market-Reports/electronic-flight-instrument-system-market-69256154.html
Early buyers will receive 10% customization on reports.

The increasing need for lightweight systems with more functionalities and better accuracy, enhanced safety and situational awareness with EFIS, and automation of flight controls are major factors expected to drive the growth of the electronic flight instrument system market. The concept of electronic flight instrument system has led to the emergence of innovative technologies that are cost-effective and environment-friendly; for instance, Enhanced Vision System (EVS) and Automatic Dependent Surveillance-Broadcast (ADS-B) that help provide real-time communication and navigation information to the pilot. Better situational awareness helps in safe flight operations, thereby reducing the number of mishaps and accidents.

The navigation segment projected to grow at the highest CAGR during the forecast period

Based on application, the navigation segment of the electronic flight instrument system market is projected to witness highest growth. Pilots depend on navigation information, such as yaw, pitch, bank, and roll movements of the aircraft for safe operations. New and improved systems such as terrain avoidance system, Enhanced Vision Systems (EVSs), global positioning system (GPS), and automatic dependent surveillance- broadcast (ADS-B) are expected to fuel the growth of the navigation segment in the coming years.

The flight management controls & systems segment is projected to witness highest growth during the forecast period

Based on subsystem, the flight management controls & systems segment is projected to witness highest growth during the forecast period. Flight management controls & system is a crucial subsystem of the electronic flight instrument system. It includes automated flight control and Electronic Flight Bag (EFB). This sub-system is expected to be increasingly used in new aircraft, due to increased automation in various in-flight tasks that this system offers. This is one of the key factors expected to propel growth of the flight management controls & systems segment.

Asia-Pacific is projected to be the fastest-growing market for electronic flight instrument system during the forecast period

Asia-Pacific is projected to be the fastest-growing market for electronic flight instrument system during the forecast period. This high growth can be attributed to the presence of large Original Equipment Manufacturers (OEMs), such as Thomas Global Systems (Australia) and Microair Avionics Pty Ltd. (Australia), demand for reducing the weight of the aircraft, and technological upgradation from traditional electro-mechanical to advanced electronic deck systems in the region.

Key players operating in the electronic flight instrument system market are Honeywell International Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Esterline Technologies Corporation (U.S.), Astronics Corporation (U.S.), L-3 Communications Holding Inc. (U.S.), Dynon Avionics (U.S.), Genesys Aerosystems (U.S.), Aspen Avionics (U.S.), Avidyne Corporation (U.S.), and Garmin Ltd. (Switzerland), among others.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
AS 4927
Published ON
Jan, 2017
Choose License Type
BUY NOW
  • 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
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • 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
© MarketsandMarkets Research Private Ltd. All rights reserved