Beyond the Numbers: A Holistic Approach to Electronic Flight Instrument System Market Research for Sustainable Revenue

According to the most recent analysis by Emergen Research, the global Electronic Flight Instrument System (EFIS) market size was USD 598.8 Million in 2021 and is anticipated to grow at a revenue CAGR of 2.7% during the projected period. A significant element driving market revenue growth is the rising need for the integration of advanced avionics onboard new aircraft as a replacement for bulky electromechanical gauges and signals, which reduces weight and lowers operational and maintenance costs for end-users. A flight deck display system called an EFIS uses electrical rather than electromechanical means to display flight data. Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating, and Crew Alerting System make up this system (EICAS).

The report titled ‘Global Electronic Flight Instrument System Market’ provides the reader with a panoramic view of the Electronic Flight Instrument System industry while estimating the overall size and the size and share of the market’s key regional segments over the projected timeframe. According to our market analysts, the global Electronic Flight Instrument System market is expected to exhibit a robust growth rate throughout the forecast period. The promising market growth can be attributed to the significant rise in product demand across the regional markets.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Electronic Flight Instrument System market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics

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Emergen Research has segmented the global Electronic Flight Instrument System market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

Platform Outlook (Revenue, USD Million; 2019-2030)
- Commercial Aviation
- Military Aviation
- General Aviation

Application Outlook (Revenue, USD Million; 2019-2030)
- Navigation
- Information Management
- Engine Monitoring
- Others

Fit Outlook (Revenue, USD Million; 2019-2030)
- Line-Fit
- Retrofit

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Electronic Flight Instrument System Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Electronic Flight Instrument System Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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