Electronic Flight Instrument System Market Forecast 2030

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Electronic Flight Instrument System Market Size
Worth USD 767.7 Million in 2030
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Rise in production of aircraft across the
commercial and military sector and innovative
product developments are major factors driving
EFIS market revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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, according to
latest analysis by Emergen Research. 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. 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
(RD) of highly sophisticated avionics and EFIS.
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Market Summary
Some Key Highlights From the Report The
commercial aviation segment accounted for a
significant revenue share in 2021 due to
increasing use of sophisticated avionics in this
segment. Previous generation of aircraft used
large electromechanical gauges and indicators to
display aircraft's performance parameters.
However, they were gradually replaced with EFIS
technology, due to their low dependability and
bulkiness.  The navigation segment accounted for
a significant revenue share in 2021. Strategic
initiatives and product approvals aimed at
installing electronic flight instrument in light
and high-performance single and multiengine
aircraft are major factors driving revenue growth
of this segment in various countries. For
instance, on 2 August 2022, FAA approved the
expansion of AML Supplemental Type Certificate
(STC) for installation of uAvionix AV-30-C
electronic flight instrument in over 190
high-performance single-engine and light
multiengine aircraft. The line-fit segment
accounted for a significant revenue share in
2021. Significant investments in high-performance
LCD displays and state-of-the-art functionality
in commercial and military aircraft are major
factors driving revenue growth of this segment.
In addition, investments aimed at improving
aircraft capabilities and improvements in
situational awareness are among other key factors
driving revenue growth in various countries.
Line-Fit entails direct installation of EFIS into
aircraft cockpit by aircraft OEMs.
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Market Summary
Some Key Highlights From the Report Some major
companies operating in the global 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. Request Free Sample
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le/1402
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Market Summary
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 Infor
mation Management Engine Monitoring Others Fit
Outlook (Revenue, USD Million 2019-2030) Line-Fit
Retrofit Read More_at_ https//www.emergenresearch.
com/industry-report/electronic-flight-instrument-s
ystem-market
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Parameter Details
Market Size Estimation Period 2022-2030
Base Year Considered 2021
Historical Data 2019-2020
Forecast Period 2022-2030
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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