Electronic Flight Bag Market

Market Leadership - Electronic Flight Bag Market

The electronic flight bag (EFB) market is estimated to grow from USD 2.4 Billion in 2021 to USD 3.3 Billion by 2026, at a CAGR of 6.2% from 2021 to 2026. Some of the major factors driving this market include reduction in aircraft weight through EFB incorporation, increase in aircraft deliveries, real-time data sharing through EFBs, and the use of EFBs for helicopters and eVTOL vehicles.

Thales (France), Astronautics Corporation of America (US), Boeing (US), Honeywell (US), and Ramco Systems (India) among others, are some of the leading players operating in the EFB market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the market.

The Boeing Company (Boeing) is one of the worlds largest aerospace companies, a leading manufacturer of commercial jetliners, defense, space, and security systems, and a service provider of aftermarket support. It has a wide range of hardware and software solutions for commercial and business aviation and also provides customized products to its clients. Boeing has partnered with several other players such as Honeywell (US) for the integration of several products such as Navigation Data Services (INDS) for installed Honeywell avionics.

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Thales Group is a French multinational company that designs and builds electrical systems and provides services to the aerospace, defense, transportation, and security markets. It offers a wide variety of EFBs for commercial aviation and business & general aviation. It is also innovating in technology for connected cockpits. It provides products ranging from EFBs for aircrew to management tools for flight dispatch and operations and terminals for flight management for ground crew. This is a relatively unexplored area in the EFB industry, which Thales has managed to capitalize on.

Honeywell International Inc. is an American, publicly-traded, multinational conglomerate headquartered in Charlotte, North Carolina. It provides several cockpit and flight services applications such as Flight Bag Pro, Weather Information Service, Flight Preview, and Pilot Gateway, which fall under the EFB category. Honeywell EFBs are compatible with several platforms and have various innovative features which make them stand out in the competition. Honeywell is a major player in the market due to its diverse product portfolio, quality of service, and global presence. It also partners with other international players such as Boeing to jointly develop products.

Ramco Systems is a part of the publicly traded conglomerate, Ramco Group. The company is headquartered in Chennai, India, and maintains a presence in over 35 countries. It is a major player in the EFB market with a diverse business revenue mix and has announced plans to implement its flagship aviation software as well. Additionally, the company has also partnered with several industry leaders to develop fleet management applications. The company has a global presence and provides single interface EFB solutions tailored to helicopter use. It has signed several agreements with major players in the aviation industry for joint development of solutions.

Astronautics Corporation of America is a major player in the design, development, and manufacturing of secure and reliable avionics equipment and systems. It is one of the few companies to manufacture EFBs for military applications. It also offers customized EFBs for various commercial aviation and business & general aviation applications. Its diverse product portfolio, coupled with its retrofit services, makes it one of the leading players in the market.

Related Reports:

Electronic Flight Bag Market by Component (Hardware and Software), End User (OEM, Aftermarket), Application, Platform (Commercial Aviation, Business and General Aviation and Military Aviation), and Region - Forecast to 2026

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Report Code
AS 3361
RI Published ON
7/29/2021
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