Global Electronic Flight Instrument System (EFIS) Market Key Growth Factor Analysis, and Research Study 2027Posted by Karthik Pilla on August 29th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Electronic Flight Instrument System (EFIS) Market by Application, Platform (General Aviation, Commercial Aviation, Military Aviation), Sub-System (Display Systems, Processing Systems, Control Panel), Fit and Region - Global Forecast to 2027” under the Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The Electronic Flight Instrument System (EFIS) Market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027. The growing need for aircraft modernization to improve operating safety and fuel efficiency, consequently minimizing the operational costs, is something that is propelling the adoption of advanced EFIS. The Flight Attitude segment is projected to dominate market share in the application segment during the forecast period Based on application, the flight attitude segment is projected to dominate market share during the forecast period. The market is further segmented into navigation, information management and engine monitoring. One of the key factors driving the flight attitude market is the integration of advanced avionics equipment that control the movement of the aircraft. Based on Platform, the commercial aviation segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. Globally the air passenger traffic footprint has increased over the last decade, to meet the demand the airline companies are expanding their aircraft fleet size, thus driving the market for commercial aviation segment. Display Systems is expected to account for the largest share in 2022 Based on Sub-System type, the display systems segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. This segment has been further segmented into display systems, processing systems and control panels. There is huge demand for advanced display system. The demand for advanced aircraft with improved system efficiency is fuelling the market for sub-systems. Line-Fit is expected to account for the largest share in 2022 Based on Fit, the line-fit segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. The demand is because there are more deliveries being made to efficiently handle the continuously increasing passenger demand encouraging airlines to expand their operations. Older aircraft lack the capability to retrofit EFIS equipment, which increases demand for line-fit segment. North America is expected to account for the largest share in 2022 The electronic flight instrument system (EFIS) market industry has been studied for North America, Europe, Asia Pacific, Middle East& Africa, and Latin America. North America accounted for the largest market share in 2022, and Latin America is projected to witness the highest CAGR during the forecast period. The demand for lighter-weight electronic flight instrument system with enhanced safety, better accuracy and situational awareness and the automation of flight control to drive the market. The break-up of profile of primary participants in the Electronic Flight Instrument System (EFIS) market: Major players operating in the electronic flight instrument system (EFIS)market are Honeywell Internationals Inc. (US), Raytheon Technologies Corporation (US), General Electric Company (US), Thales (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), Garmin Limited (US), and L3Harris Technologies Inc. (US) are some of the market players. Research Coverage: Reasons to buy this report: The report provides insights on the following pointers:
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