Global Electronic Flight Bag Market to reach USD 3.44 Billion by 2027.Global Electronic Flight Bag Market is valued approximately at USD 2.27 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2021-2027. Electronic flight bag is an electronic information management device which helps the flight crews in performing task related to flight management more easily and efficiently with the use of less paper for providing material reference. The global Electronic Flight Bag market is being driven by growing reduction in aircraft weight through EFB incorporation, real-time data sharing being a possibility through EFBs and increase in aircraft deliveries. Furthermore, adoption of EFBs for helicopters and eVTOL vehicles will provide new opportunities for the global Electronic Flight Bag industry. For instance, The Boeing B787, Airbus A350 XWB, and Boeing B777X are some of examples for the commercial aircraft. As per the Airbus and Boeing, the demand for aircraft in commercial aviation is going to have fastest growth by year 2039. As a result, increase in demand for commercial aircraft will create demand for Electronic Flight Bags thus propelling the market forward in the future. However, lack of unified global regulatory frameworks/mandates, requirement of highly trained personnel, and initial set-up costs may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global Electronic Flight Bag Market. The presence of key EFB manufacturers makes North America the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due to the ring investment in R&D by key market players for the development of EFB system for aircraft application with the improved efficiency in the region.
Major market player included in this report are:

Astronautics Corporation of America
The boeing company
Thales Group
Honeywell international Inc.
Ramco System
Viasat Inc.
Teledyne technologies
SITA
CMC electronics Inc.
DAC International

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Commercial aviation
Business and commercial aviation
Military aviation
By Component:
Hardware
Software
By Application:
Airport moving charts
Flight performance monitoring
Flight planning
E- Manuals
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Electronic Flight Bag Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors