Electronic Flight Instrument System Market
Electronic Flight Instrument System Market Global Industry Assessment & Forecast
Segments Covered
- By Product Display Systems, Communication & Navigation Systems, Flight Management Controls & Systems, Processing Systems
- By Application Navigation, Flight Attitude, Aircraft Engine Monitoring
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 965.36 Million |
Revenue 2028: | 912.1 Million |
Revenue CAGR (2021 - 2028): | 5.48 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Key Insights
The global Electronic Flight Instrument System market was valued at USD 965.36 Million in 2020 and is projected to reach USD 912.1 Million by 2028, growing at a CAGR of 5.48% from 2021 to 2028.
Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 912.1 Million |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 5.48% |
Definition And Overview
In aviation, an electronic flight instrument system (EFIS) is a flight instrument display system in an aircraft cockpit that displays flight data electronically rather than ectromechanically. The study also targets the competitive landscape for Electronic Flight Instrument System Market by profiling major companies based on their growth strategies, product portfolio, financial position, and analyzing their market share and basis competencies to project the degree of competition dominant in the market. The global Electronic Flight Instrument System market report provides a
thorough analysis of each segment including Product,Application and
for each region, and country. All the segments are studied
considering historical and future trends across geographies. All the segments covers
trends, market size, and forecasts, and the data is provided for the years
2016–2028. Moreover, the report also covers exhaustive analysis on competitive
scenario of the global market covering in depth company profiles based on
business overview, financial performance, product portfolio, business
strategies, recent developments, and market share among others. In addition to
that the report offers several market impacting factors such as drivers,
restraints, and opportunities. Cumulatively, the report will cover all of the aspects
regarding the global Electronic Flight Instrument System market.
COVID-19 Impact Analysis
In 2020, swift spread of COVID-19 largely
impacted the global business operations, disrupting the supply chain and
impairing various industries. The global trading activities were declined
severely owing to the nationwide lockdowns, international border seals, and
strict social distancing measures. This had a drastic impact on the global economy,
as the companies across the globe were forced to either fully close or
partially close their operations, leading to disruption in the supply-demand
ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil
among others witnessed a second wave of COVID-19 that further disrupted the
market. However, it is expected that reopening of trade activities, the market
will witness steady growth in demand in the coming years. The impact of
COVID-19 on the market demand is considered while estimating the current and
forecast market size and growth trends for all the regions and countries. The report provides a completely separate
chapter for COVID-19 Impact Analysis. This chapter includes: o
Impact Assessment of COVID-19
Pandemic o
Pre & Post COVID-19 Market
Size o
Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Industry Analysis
The
report covers an exhaustive analysis of Electronic Flight Instrument System industry that includes
drivers, restraints/challenges, opportunities, and segmental/regional trends
among others. Apart from that, it will also cover extensive information on
various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing
trends, SWOT analysis, and value chain analysis
along with technological landscape and regulatory framework specific to Electronic Flight Instrument System
industry.
Growing requirement for lightweight systems with better accuracy and additional functionalities, improved situational and safety awareness with electronic flight instrument system, and flight controls automation are determinants anticipated to fuel the market. The increased automation of flight controls is expected to augment the growth of the market in the coming years. The increasing stringent industry regulations pertaining to Efis subsystems is expected to hamper the growth of the market in the years to come.
Global Electronic Flight Instrument System Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Dynon Avionics, Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, Garmin Ltd. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Display Systems, Communication & Navigation Systems, Flight Management Controls & Systems, Processing Systems. Flight management controls & systems held the highest
share in the global Electronic Flight Instrument System market and
is projected to witness the same trend during the forecast period. Application Analysis:
Preview Based on Application,
the market is segmented into Navigation, Flight Attitude, Aircraft Engine Monitoring. Navigation accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Analysis:
Preview
Based
on , the market is segmented into .
dominates the global Electronic Flight Instrument System
market and is expected to continue the same trend from 2021 to 2028.
Global Electronic Flight Instrument System Market: Product Segment Analysis
-
- Display Systems
- Communication & Navigation Systems
- Flight Management Controls & Systems
- Processing Systems
Global Electronic Flight Instrument System Market: Application Segment Analysis
-
- Navigation
- Flight Attitude
- Aircraft Engine Monitoring
Regional Analysis: Preview
Based on geography, the global Electronic Flight Instrument System market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. North America dominates the global Electronic Flight Instrument System market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.
Market Size, 2021 (USD Billion)
Global Electronic Flight Instrument System Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
Major players in the global Electronic Flight Instrument System market are Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Dynon Avionics, Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, Garmin Ltd.. The global Electronic Flight Instrument System market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.
Global Electronic Flight Instrument System Market: Key Highlights
FAQ
Frequently Asked Question
What is the global demand for Electronic Flight Instrument System in terms of revenue?
-
The global Electronic Flight Instrument System valued at 965.36 Million in 2020 and is expected to reach 912.1 Million in 2028 growing at a CAGR of 5.48%.
Which are the prominent players in the market?
-
The prominent players in the market are Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Dynon Avionics, Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, Garmin Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.48% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Electronic Flight Instrument System include
- Growing requirement for lightweight systems with better accuracy and additional functionalities, improved situational and safety awareness with electronic flight instrument system, and flight controls automation are determinants anticipated to fuel the market.
- The increased automation of flight controls is expected to augment the growth of the market in the coming years.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Electronic Flight Instrument System in 2020.