PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175518
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175518
The global electronic flight instrument system (EFIS) market size is expected to reach USD 793.8 million by 2030, according to a new study by Polaris Market Research. The report "Electronic Flight Instrument System (EFIS) Market Share, Size, Trends, Industry Analysis Report, By Application (Aircraft Engine Monitoring, Flight Attitude, Navigation), By Sub-System; By Platform (Fixed Wing, Rotary Wing), By Fit (Line fit, Retrofit); By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The use of advanced avionics with low-weight profiles is increasing. Furthermore, the previous type of aircraft displayed the aircraft's performance parameters using large electromechanical gauges and indicators. A major avionics manufacturer is collaborating with an aviation service provider in order to integrate and install contemporary avionics with enhanced functions. To meet the need for new avionics and EFIS as part of the fleet modernization plans made by operators, a number of contracts are being given out.
However, NAV CANADA announced in February 2022 that it would put into effect a new regulation requiring pilots of aircraft operating in specific domestic airspace to adhere to ADS-B Out Performance Requirements. On February 23, 2023, the mandate will take effect in Class A and B Canadian airspace above 12,500 feet.
The global deployment of modern EFIS is being driven by the increased need for aircraft modernization to increase operating safety and fuel efficiency, hence reducing operational costs. Over the past ten years, there has been an increase in air passenger traffic footprints worldwide. The market for commercial aviation is being driven by airline firms, increasing the size of their aircraft fleet to fulfill demand.
Electronic Flight Instrument System (EFIS) Market Report Highlights
Flight attitude navigation segment is anticipated to grow dominantly owing to current safety regulations requiring adopting digital avionics equipment such as EFIS to improve aircraft safety and operating profile.
Linefit accounted for the highest CAGR in the global revenue share. Moreover, upcoming regulations will drive the line-fit market segment since older aircraft lack the electrical design for retrofitting large screens and other EFIS systems.
The EFIS market in North America is expected to grow at a maximum CAGR during the projected period, while the commercial and business aviation sectors will benefit from increased air travel demand. As geopolitical rifts grow, nations like the USA increase their investments and spending on defense equipment.
There are several companies in the global market, including Rockwell Collins, L-3 Communications Holding Inc., Honeywell International Inc., Astronics Corporation, Esterline Technologies Corporation, Dynon Avionics, Thales S.A., BAE Systems PLC, Meggitt PLC, Aspen Avionics, Garmin Ltd., Avidyne Corporation, and Genesys Aerosystems, among others.
Polaris Market Research has segmented the electronic flight instrument system (EFIS) market report based on application, platform, fit, Sub-system, and region:
Electronic Flight Instrument System (EFIS), Application Outlook (Revenue - USD Million, 2018 - 2030)
Aircraft Engine Monitoring
Flight Attitude Navigation
Electronic Flight Instrument System (EFIS), Sub-system Outlook (Revenue - USD Million, 2018 - 2030)
Communication & Navigation Systems
Display Systems
Flight Management Controls & Systems
Processing Systems
Electronic Flight Instrument System (EFIS), Platform Outlook (Revenue - USD Million, 2018 - 2030)
Fixed Wing
Rotary Wing
Electronic Flight Instrument System (EFIS), Fit Outlook (Revenue - USD Million, 2018 - 2030)
Linefit
Retrofit
Electronic Flight Instrument System (EFIS), Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Electronic Flight Instrument System (EFIS) Market, 2018 - 2030 (USD Million)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Fit
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Application
Figure 7. Global Electronic Flight Instrument System (EFIS) Market, by Application, 2021 & 2030 (USD Million)
Figure 8. Market by Fit
Figure 9. Global Electronic Flight Instrument System (EFIS) Market, by Fit, 2021 & 2030 (USD Million)
Figure 10. Market by Platform
Figure 11. Global Electronic Flight Instrument System (EFIS) Market, by Platform, 2021 & 2030 (USD Million)
Figure 12. Market by Sub-system
Figure 13. Global Electronic Flight Instrument System (EFIS) Market, by Sub-system, 2021 & 2030 (USD Million)
Figure 14. Electronic Flight Instrument System (EFIS) Market Assessment, By Geography, 2018 - 2030 (USD Million)
Figure 15. Strategic Analysis - Electronic Flight Instrument System (EFIS) Market