The global demand for Electronic Flight Instrument System Market is presumed to reach the market size of nearly USD 3.331 MN by 2028 from USD 2.13 MN in 2021 with a CAGR of 6.6% under the study period 2022 - 2028.
An electronic flight instrument system is a display system explicitly built for a level that shows flight data and information electronically or digitally rather than electromechanically. A multi-function display (MFD), the primary flight display (PFD), and an engine is indicating and crew alerting system (EICAS) display make up an electronic flight instrument system. CRT (cathode ray tube) screens were used in early electronic flight instrument system models, although LCD (liquid crystal display) displays are now more popular. Multi-color liquid-crystal display (MLCD) panels are available for aviators who want to replace specific or all of their traditional flying instruments. The EFIS was first to replace the complicated electromechanical horizontal situation indicator (HSI) and attitude director indicator (ADI).
Market Dynamics
The growing need for lightweight devices with more functions, higher accuracy, situational awareness, and increased safety through electronic flight instrument systems (EFIS) are key factors that are expected to drive the market in the coming years. Only a few well-known companies use large-scale manufacturing methods for electronic flight instrument systems. This will almost certainly result in increased sales and volume. However, the electronic flight instrument system market is constrained by stringent industry norms influencing EFIS and the high cost of technology utilized in electronic flight instrument systems.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electronic flight instrument system. The growth and trends of electronic flight instrument system industry provide a holistic approach to this study.
Market Segmentation
This section of the electronic flight instrument system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Applications
- Commercial Aircrafts
- Military Aircrafts
By Technology
- Cathode Ray Tubes
- Liquid Crystal Display
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electronic Flight Instrument System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electronic Flight Instrument System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic flight instrument system market include Avidyne Corporation, Aspen Avionics, Inc., Astronautics Corporation of America, Dynon Avionics, Esterline Technologies Corporation, Financial Highlights, Garmin Ltd., Honeywell International Inc., L-3 Communications Holdings, Inc., and Rockwell Collins, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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