The global commercial electronic flight bag market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The major factors attributed to the market growth include rise in aircraft deliveries, decline in the aircraft weight through electronic flight bag (EFB) incorporation, real-time data sharing through EFBs, and the use of EFBs for helicopters and electric vertical take-off and landing (eVTOL) vehicles. A conventional paper flight bag generally weighs up to 18 kgs or more, which can be not only tricky for pilots, however, also adds extra weight to the aircraft. An EFB typically weighs only 0.5 to 2.2 kg, which nullifies the need for carrying bulky, physical flight bags. Such a considerable reduction in weight in any form results the aircraft in being more fuel-efficient. Since the global aviation industry is on its plunge to set targets to improve the average annual fuel efficiency rate of 1.5%, the necessity for more fuel-efficient aircraft serves as a driver for the growth of the global commercial EFB market.
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Further, the demand for domestic air travel has been increasing over the years in countries such as the US, Australia, UK, and India. With the growth in air travel, the demand for narrow-body aircraft is expected to grow across the globe. The A320 neo, Bombardier C-series, next-generation B737, and Embraer aircraft are some of the aircraft considered under the narrow-body aircraft segment. Airbus slowed down production in early 2020; however, in January 2021, it announced plans to ramp up production of single aisle planes in response to the demand for these aircraft. Although declined production and delivery by major aircraft manufacturers such as Airbus SAS and The Boeing Company until April 2020 has largely impacted the overall growth rate of the market.
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Market Coverage
- Segment Covered-
o By Type
o By Platform
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Rockwell Collins Inc., The Boeing Co., and Thales Group, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Commercial Electronic Flight Bag Market Report by Segment
By Type
- Installed Electronic Flight Bag
- Portable Electronic Flight Bag
By Platform
- Military
- Commercial
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