Electronic Flight Instrument System Market: A Look at the Industry's Current and Future State

The latest research report by Emergen Research, named ‘Global Electronic Flight Instrument System Market - Forecast to 2030’, entails a comprehensive review of the global Electronic Flight Instrument System Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.

The global Electronic Flight Instrument System (EFIS) market size was USD 598.8 Million in 2021 and is expected to register a revenue CAGR of 2.7% during the forecast period. Rising demand for integration of advanced avionics onboard new aircraft as a substitute for cumbersome electromechanical gauges and indications, thereby conserving weight and lowering operational and maintenance costs for end-users, is a major factor driving market revenue growth. 

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EFIS is a display system in a flight deck, which displays flight data electronically rather than electromechanically. This system is made up of Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating and Crew Alerting System (EICAS). Several manufacturers are devoting substantial resources to Research & Development (R&D) of highly sophisticated avionics and EFIS. For instance, in October 2021, at the 2021 NBAA conference, Universal Avionics debuted its new Flight Partner and Flight Review programs. Similarly, in March 2022, Thommen Aircraft, a Swiss-based avionics firm, launched its new display replacement services, with the goal of replacing old Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in the cockpit of aircraft.

The report offers a complete analysis of the global Electronic Flight Instrument System market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Key players in the market include Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics.

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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

Emergen Research has segmented the global EFIS market based on platform, application, fit, and region:

  • Platform Outlook (Revenue, USD Million; 2019-2030)

    • Commercial Aviation
    • Military Aviation
    • General Aviation

  • Application Outlook (Revenue, USD Million; 2019-2030)

    • Navigation
    • Information Management
    • Engine Monitoring
    • Others

  • Fit Outlook (Revenue, USD Million; 2019-2030)

    • Line-Fit
    • Retrofit

To access the full coverage of the global Electronic Flight Instrument System market report, visit @https://www.emergenresearch.com/industry-report/electronic-flight-instrument-system-market

Research Report on the Electronic Flight Instrument System Market Addresses the Following Key Questions:

Who are the dominant players of the Electronic Flight Instrument System market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Electronic Flight Instrument System market?

What are the key growth drivers and restraining factors of the Electronic Flight Instrument System market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Electronic Flight Instrument System market and its key segments?

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Outlook of Electronic Flight Instrument System Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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