Posted on: 30 April 2015 by Ross McSweeny
According to a new report published by market research company MarketsandMarkets, the commercial Electronic Flight Bag (EFB) sector is forecasted to grow with a compound annual growth rate of 13.41% from the estimated value of US$2.28 billion in 2015 to US$4.27 billion by 2020.
The report, titled, “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 by Geography – Forecast 2015 to 2020,” also claims that the Asia-Pacific region is expected to be the fastest-growing market during the forecast period.
It covers key players including International Flight Support; Thales; Navtech, Inc.; Flightman; Jeppesen US; Lufthansa Systems; Teledyne Controls; Ester Line CMC Electronics; and Rockwell Collins; and their primary strategies, which supposedly comprise of various partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.
EFB equipment provides real-time flight information, enabling pilots and cabin crew to perform flight management tasks more efficiently as well as replacing paper materials in the cabin and the cockpit, thereby reducing weight and increasing the operational efficiency of aircraft.
The various applications of an EFB provide an array of information include moving maps, airports map, weather information, and performance calculation.