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 latest market intelligence report, titled ‘Global Electronic Flight Instrument System Market’, is intended to provide the target audience with the necessary information about the global Electronic Flight Instrument System industry. The report comprises a detailed analysis of the vital elements of the Electronic Flight Instrument System market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Electronic Flight Instrument System market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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
Research Report on the Electronic Flight Instrument System Market Addresses the Following Key Questions:
- Who are the dominant players of the Electronic Flight Instrument System market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Electronic Flight Instrument System market?
- What are the key growth drivers and restraining factors of the Electronic Flight Instrument System market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Electronic Flight Instrument System market and its key segments?
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Emergen Research has segmented the global Electronic Flight Instrument System market on the basis of type, type of care, 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
In conclusion, the Electronic Flight Instrument System Market report is an exhaustive database that will help readers formulate lucrative strategies. The Electronic Flight Instrument System Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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