Electronic Flight Bag Market Outlook
How Are the key drivers contributing to the expansion of the electronic flight bag market?
Advancements in the electronic flight bag market are expected to be driven by an increase in air travel demand. This uptick in air travel can be credited to the continuously growing global economy and the presence of budget-friendly airlines. The electronic flight bag (EFB) system allows the management and transfer of electronic documents during flights. The International Air Transport Association (IATA), a respected Canadian organization promoting airlines’ best practices and developing global safety and efficiency standards, announced a soaring increase of 67.0% in overall air traffic (in terms of revenue passenger kilometers) in January 2023 as compared to the previous year. Worldwide, international air travel reached 84.2% of January 2019’s figures, only to surge to 104.0% in January 2023 with all markets posting considerable growth. Consequently, the burgeoning demand for air travel is powering the progression of the electronic flight bag market.
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What growth opportunities are expected to drive the electronic flight bag market’s CAGR through 2034?
In the past few years, the electronic flight bag market has seen rapid expansion. The market is expected to increase from $3.64 billion in 2024 to $4.03 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. Factors such as fuel efficiency and cost reduction, environmental awareness, safety and situational awareness, operational efficiency, and industry approval and adoption have contributed to the growth during the historic period.
The market size of the electronic flight bag is anticipated to see swift expansion in the coming years. With a compound annual growth rate (CAGR) of 12.0%, its growth is forecasted to reach $6.33 billion by 2029. This projected development in the forecast period is ascribed to the incorporation with future-generation aircraft, shift towards paperless cockpits, focus on safety protocols, cost-cutting measures, and escalating air traffic. During the forecast period, key trends include the progression of mobile devices, data analytics and connectivity, the inclusion of sophisticated features, provisions for cybersecurity, and cloud-based solutions.
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What are the emerging trends shaping the future of the electronic flight bag market?
Prominent entities in the electronic flight bag market are forging strategic collaborations to adopt and implement a range of modern digital solutions. These partnerships allow companies to utilize each other’s strengths and resources for mutual benefits and success. For example, in July 2024, Riyadh Air, a full-service airline company in Saudi Arabia, formed a partnership with the US-based aircraft industry firm, Boeing. The partnership will see Riyadh Air incorporating Boeing’s high-tech digital aids to improve aircraft maintenance and flight operations. Boeing’s Airplane Health Management (AHM) system will offer real-time maintenance alerts and predictive analytics to minimize downtime while introducing AHM 2.0 which boasts enhanced prognosis and analytics capabilities. The Toolbox Tasks and Toolbox Library will expedite handling of aircraft maintenance documentation, ensuring faster repairs. Moreover, Riyadh Air will put into operation Boeing’s FliteDeck Pro within its Electronic Flight Bag (EFB) solution, providing pilots with real-time navigational and operational information. In addition, the Electronic Flight Folder (EFF), which incorporates Aviator and FliteBrief solutions, will refine flight plan and briefing procedures, leading to superior operational efficiency.
Which growth-oriented segments of the electronic flight bag market are leading the industry’s development?
The electronic flight bag market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Type: Portable, Installed
3) By Platform: Commercial, Military
4) By Applications: Flight Crew Operating Manuals, Static Or Dynamic Electronic Charts, Planning, Zooming, Scrolling
5) By End Use: OEM, After market
Subsegments:
1) By Hardware: Portable EFBs, Installed EFBs, Accessories
2) By Software: Flight Planning Software, Navigation And Charting Software, Operational Performance Software, Maintenance Tracking Software
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What regions are leading the charge in the electronic flight bag market?
North America was the largest region in the electronic flight bag market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic flight bag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the electronic flight bag market?
Major companies operating in the electronic flight bag market include Airbus SAS, Astronautics Corporation of America, Avilution LLC, Avionics Innovations Inc., AvioVision, Bluebox Aviation Systems Ltd., Boeing Digital Solutions Inc., CMC Electronics Inc., DAC International Inc., Shanghai Deer Jet Aviation Co.Ltd., Flightman, Flygprestanda AB, GE Aviation, Honeywell International Inc., International Flight Support, L3Harris Technologies Inc., Lufthansa Systems GmbH & Co. KG., Navarro AB, Raytheon Technologies Corporation, Teledyne Technologies Inc., Thales Group, Universal Avionics Systems Corporation, Apprimus Informatik GmbH, Anuvu Operations LLC, Collins Aerospace, Scandinavian Avionics A/S
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What Is Covered In The Electronic Flight Bag Global Market Report?
• Market Size Forecast: Examine the electronic flight bag market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electronic flight bag market for a structured understanding.
• Key Players Overview: Analyze major players in the electronic flight bag market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electronic flight bag market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electronic flight bag market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electronic flight bag market.
• Industry Challenges: Identify potential risks and obstacles affecting the electronic flight bag market.
• Competitive Landscape: Review strategic developments in the electronic flight bag market, including expansions, agreements, and new product launches.
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