Electronic flight bag is referred to an electric information management device which supports the flight crews function the flight management functions efficiently and conveniently. An electric flight bag has its effectiveness in the aviation segment majorly for the cabin usage, flight deck and cockpit. The electronic flight devices has the capability to present a variability of perform characteristics or an avitation data which involves performance data and fuel calculations. Not only has this, the electronic flight bag systems can function tasks such as navigation displays, interactive checklists, interactive chart viewers and data link services. Furthermore, the players in the market of electric flight bag is doing significant developments in the technology for performing numerous functions for delivering better consumer services and increasing the demand majorly from the airline sector which further benefitted for acquiring the handsome amount of share and leading the fastest market growth during the forecasted period more positively.
According to the report analysis, ‘Global Electric flight bag Market is valued USD 2.84 billion in 2017 is anticipated to grow USD 6.3 billion with the compounded annual growth of 14.4% over the forecast period 2018-2025. Forecast-2020’ states that there are several key players which are presently functioning in this sector more actively for dominating the fastest market growth and leading the handsome amount of share across the globe throughout the forecasted period while working efficiently on the present challenges, increasing the benefits and abolishing the restraining factors which further increase the demand and benefitted for generating the high amount of revenue includes Airbus Group SE, Astronautics Corporation of America, DAC International Inc, Esterline Technologies Corporation, Flightman Ltd, Jeppesen, L-3 Communications Holdings Inc, Lufthansa Systems, Navaero Inc, Navtech, Rockwell Collins, UTC Aerospace Systems, Teledyne Controls, Visteon Corporation, Verizon Communications Inc and several others.
The Global Electric flight bag market treasured at approximately USD 2.84 billion in 2017 is anticipated to increase with a healthy growth rate of more than 14.4% over the forecast period of 2018-2025. Meanwhile, the cost which is intricate in the employment of electronic flight bag is much developed as the smaller domestic airline operators evade applying the electronic flight bags due to its complex capital cost which is performing as a major restraining factor in the growth of electronic flight bag market on the global scenario. Whereas, in the present scenario, there are several operational advantages & efficiencies regarding to the effectiveness of transportable electronic devices which includes commercially obtainable portable computers that covers way for functioning a variation of functions traditionally done utilizing the paper references in the cockpit operations.
Additionally, based on the geography, the market of electric flight bag is spread across the globe which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/significant economy across the world in terms of market share. Whereas, due to the regions such as China, Japan, and India, Asia Pacific region is projected to exhibit higher growth rate / CAGR over the forecast period of 2018-2025. Therefore, in the near future, it is anticipated that the market of electric flight will increase across the globe more positively over the recent few years.
For more information, click on the link below:
Ankur Gupta, Head Marketing & Communications