The market was valued at US$ 911.72 million in 2021 and is expected to hit US$ 1,260.37 million by 2030, recording a CAGR of 3.9% during the forecast period.
The Electronic Flight Instrument System (EFIS) Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Electronic Flight Instrument System (EFIS) market growth.
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Key Players:
- Companies profiled
- Honeywell International Inc.
- Raytheon Technologies Corporation
- TransDigm Group
- General Electric
- AstroNova Inc
- Telephonics Corporation
- Garmin Ltd.
- L3Harris Technologies Inc.
- AMETEK
- Thales Group
In this report, the market has been segmented on the basis of:
- Platform:
- Fixed Wing
- Rotary Wing
- Application
- Navigation
- Flight Attitude
- Aircraft Engine Monitoring
- Subsystem:
- Communication & Navigation Systems
- Display Systems
- Flight Management Controls & Systems
- Processing Systems
- Fit Type:
- Line Fit
- Retrofit
- Region
- North America
- US
- Canada
- Mexico
- Europe
- Asia Pacific (APAC)
- Middle East & Africa
- South America
- North America
The Growing Aircraft Refurbishment is Another of the Major Factor Accelerating the Market Growth.
The growing aircraft refurbishment of existing aircraft models is another major factor catalyzing the aircraft cockpit and avionics upgrade operations in the aviation industry. Several airlines and airborne military forces are taking initiatives to upgrade their existing old generation aircraft fleet with new and advanced technologies to increase the service life of old generating aircraft models. For instance, in June 2019, the L3Harris Technologies won a contract worth US$ 500 million to provide a major avionics upgrade of 176 units of Lockheed Martin C-130H tactical transports that is being used by the US Airforce. Similarly, in June 2022, Raytheon Technologies won a contract worth US$ 46 million to provide avionics upgrades to Fairchild Republic A-10C Thunderbolt II ground-attack jets for the US Airforce. Such initiatives are also driving the retrofit segment growth and are also expected to be one of the prime driving factors behind the growth of retrofit segment during the forecast period.
Companies Profiled in this report includes:
The report offers in-depth assessment of the growth and other aspects of the Electronic Flight Instrument System (EFIS) market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
Electronic Flight Instrument System (EFIS) Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Electronic Flight Instrument System (EFIS) Market
- Electronic Flight Instrument System (EFIS) Market Overview
- Electronic Flight Instrument System (EFIS) Market Competition
- Electronic Flight Instrument System (EFIS) Market, Revenue and Price Trend
- Electronic Flight Instrument System (EFIS) Market Analysis by Application
- Company Profiles and Key Figures in Electronic Flight Instrument System (EFIS) Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Electronic Flight Instrument System (EFIS) market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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