Electronic Flight Bag Market to Grow at 13.09% CAGR to 2020 Driven by Increasing Number of Aircraft

According to the projections in this report, the electronic flight bag (EFB) market is estimated to grow from $2.73 billion in 2015 to $5.06 billion by 2020, at a CAGR of 13.09% during the forecast period from 2015 to 2020. Factors that drive the EFB market include increasing number of aircraft, technological advancements in display systems, increasing demand for accuracy in computing system, and availability of smaller component at lower cost. Complete report on global electronic flight bag (EFB) market spread across 166 pages, profiling 13 companies and supported with 79 tables and 118 figures is now available at http://www.rnrmarketresearch.com/electronic-flight-bag-efb-market-by-type-portable-class-1-class-2-installed-component-hardware-class-1-class-2-class-3-software-type-a-type-b-type-c-geography-global-forecasts-to-2020-market-report.html .

The portable EFB class-2 type is expected to exhibit highest growth rate in the EFB market during the forecast period from 2015 to 2020. This growth is mainly attributed to its capability and portability. The class 2EFB has the capability to calculate performance figures, display charts, and improve taxi positional awareness. The portable class 2 EFB can be used during all the phases of a flight. The benefits associated with implementation of EFB by airlines include flight operations, improved safety, and enhanced document accessibility. Companies such as Jeppsen, Rocket Routeand Apprimus Informatik GmbH (Avila soft) are into manufacturing the EFB software. North America is currently the largest market for portable EFBs.

The electronic flight bag (EFB) market is expected to hit USD 5.06 billion with a CAGR of 13.09% by the end of 2020 and witnessing the highest growth in software component segment along with significant opportunities in the portable class-2 EFB type.

The EFB software segment is expected to witness the highest growth over the hardware EFB due to its vast scope of application in each type of aircraft and flight type. The software can be easily upgraded with no replacement for the existing one. The software EFB is compatible with various hardware EFBs, which make it easier for the software manufacturers to develop applications.

The APAC region is expected to register the highest growth rate in the EFB market during the forecast period from 2015 to 2020. This growth in the EFB market of Asia-Pacific region can be attributed to increase in airlines spending for avionics modernization and the growing GDP of the region.

Major companies profiled in the report include Airbus Group SE (Europe), Rockwell Collins Inc. (United States), UTC Aerospace Systems (United States), L-3 Communications Holdings Inc. (United States) and Teledyne Controls (United States), among others. Priced at $4650 for a single user PDF, Inquire Before Buying on “Electronic Flight Bag (EFB) Market by Type (Portable (Class 1, Class 2) & Installed), Component (Hardware (Class 1, Class 2, Class 3), Software (Type A, Type B, & Type C)), & Geography - Global Forecasts to 2020” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=515097 .

On a related note, another research on Commercial Electronic Flight Bag Market by Type, by Component and Geography Forecast 2015 to 2020 says, the market is estimated at $2.28 billion in 2015 and is expected to register a CAGR of 13.41% to reach $4.27 billion by 2020. The report provides information of the leading competitors in the EFB market; it also provides details on their financial positions, key products, their unique selling points, and key developments. Companies like International Flight Support, Thales, Navtech, Inc., Flightman, Jeppesen, Lufthansa Systems, Teledyne Controls and Esterline CMC Electronics have been profiled in this 200 pages research report with 73 tables and 60 figures available at http://www.rnrmarketresearch.com/commercial-electronic-flight-bag-market-by-type-portable-efb-and-installed-efb-component-hardware-class-1-class-2-and-class-3-software-type-a-type-b-and-type-c-and-geography-forecast-20-market-report.html .

Explore more reports on Automotive & Transportation market at http://www.rnrmarketresearch.com/reports/automotive-transportation .

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