DUBLIN--(BUSINESS WIRE)--The "Global Electronic Flight Instrument System (EFIS) Market by Application, Platform (General Aviation, Commercial Aviation, Military Aviation), Sub-System (Display Systems, Processing Systems, Control Panel), Fit and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The electronic flight instrument system (EFIS) market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027.
The growing need for aircraft modernization to improve operating safety and fuel efficiency, consequently minimizing operational costs, is something that is propelling the adoption of advanced EFIS.
The Flight Attitude segment is projected to dominate market share in the application segment during the forecast period
Based on application, the flight attitude segment is projected to dominate market share during the forecast period. The market is further segmented into navigation, information management and engine monitoring. One of the key factors driving the flight attitude market is the integration of advanced avionics equipment that control the movement of the aircraft.
The Commercial Aviation segment projected to lead electronic flight instrument system (EFIS) market during forecast period
Based on Platform, the commercial aviation segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. Globally the air passenger traffic footprint has increased over the last decade, to meet the demand the airline companies are expanding their aircraft fleet size, thus driving the market for commercial aviation segment.
Display Systems is expected to account for the largest share in 2022
Based on Sub-System type, the display systems segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. This segment has been further segmented into display systems, processing systems and control panels. There is huge demand for advanced display system. The demand for advanced aircraft with improved system efficiency is fuelling the market for sub-systems.
Line-Fit is expected to account for the largest share in 2022
Based on Fit, the line-fit segment is projected to lead the electronic flight instrument system (EFIS) market during the forecast period. The demand is because there are more deliveries being made to efficiently handle the continuously increasing passenger demand encouraging airlines to expand their operations. Older aircraft lack the capability to retrofit EFIS equipment, which increases demand for line-fit segment.
North America is expected to account for the largest share in 2022
The electronic flight instrument system (EFIS) market industry has been studied for North America, Europe, Asia Pacific, Middle East& Africa, and Latin America. North America accounted for the largest market share in 2022, and Latin America is projected to witness the highest CAGR during the forecast period. The demand for lighter-weight electronic flight instrument system with enhanced safety, better accuracy and situational awareness and the automation of flight control to drive the market.
Market Dynamics
Drivers
- Increasing Use of Sophisticated Avionics with Minimal Weight Profile
- Enhanced Safety and Situational Awareness Offered by Efis
Restraints
- Stringent Design Regulations Pertaining to Efis
- High Installation Cost due to Ongoing Technological Disruption
Opportunities
- Planned Fleet Modernization Programs
Challenges
- High System Complexity Requiring Proper Pilot Training for Optimum Usage
- Electronic Failures
Companies Mentioned
- Aspen Avionics Inc.
- Astronautics Corporation of America
- Avidyne Corporation
- Avmap S.R.L.
- Bae Systems plc
- Cmc Electronics Inc.
- Dynon Avionics Inc.
- Garmin Ltd.
- General Electric Company
- Genesys Aerosystems Group Inc.
- Grt Avionics
- Honeywell International Inc.
- Kanardia D.O.O.
- Korry Electronics
- L3Harris Technologies Inc.
- Lpp S.R.O.
- Meggitt plc
- Mgl Avionics
- Moving Terrain Ag
- Raytheon Technologies Corporation
- Suzhou Changfeng Instruments Co., Ltd.
- Talos Avionics P.C.
- Taskem Corporation
- Thales Sa
- Universal Avionics Systems Corporation
For more information about this report visit https://www.researchandmarkets.com/r/31tjoh
