Electronic flight bag is referred to an
electric information management device which supports the flight crews function
the flight management functions efficiently and conveniently. An electric
flight bag has its effectiveness in the aviation segment majorly for the cabin
usage, flight deck and cockpit. The electronic flight devices has the
capability to present a variability of perform characteristics or an avitation
data which involves performance data and fuel calculations. Not only has this,
the electronic flight bag systems can function tasks such as navigation
displays, interactive checklists, interactive chart viewers and data link
services. Furthermore, the players in the market of electric flight bag is
doing significant developments in the technology for performing numerous
functions for delivering better consumer services and increasing the demand
majorly from the airline sector which further benefitted for acquiring the
handsome amount of share and leading the fastest market growth during the
forecasted period more positively.
According to the report analysis, ‘Global
Electric flight bag Market is valued USD 2.84 billion in 2017 is anticipated to
grow USD 6.3 billion with the compounded annual growth of 14.4% over the
forecast period 2018-2025. Forecast-2020’ states that there are several
key players which are presently functioning in this sector more actively for
dominating the fastest market growth and leading the handsome amount of share
across the globe throughout the forecasted period while working efficiently on
the present challenges, increasing the benefits and abolishing the restraining
factors which further increase the demand and benefitted for generating the
high amount of revenue includes Airbus Group SE, Astronautics Corporation of
America, DAC International Inc, Esterline Technologies Corporation, Flightman
Ltd, Jeppesen, L-3 Communications Holdings Inc, Lufthansa Systems, Navaero Inc,
Navtech, Rockwell Collins, UTC Aerospace Systems, Teledyne Controls, Visteon
Corporation, Verizon Communications Inc and several others.
The Global Electric flight bag market
treasured at approximately USD 2.84 billion in 2017 is anticipated to increase
with a healthy growth rate of more than 14.4% over the forecast period of
2018-2025. Meanwhile, the cost which is intricate in the employment of
electronic flight bag is much developed as the smaller domestic airline
operators evade applying the electronic flight bags due to its complex capital
cost which is performing as a major restraining factor in the growth of
electronic flight bag market on the global scenario. Whereas, in the present scenario, there are several
operational advantages & efficiencies regarding to the effectiveness of
transportable electronic devices which includes commercially obtainable
portable computers that covers way for functioning a variation of functions
traditionally done utilizing the paper references in the cockpit operations.
Additionally, based on the geography, the
market of electric flight bag is spread across the globe which majorly includes
Asia Pacific, North America, Europe, Latin America and Rest of the World. The
North America is the leading/significant economy across the world in terms of
market share. Whereas, due to the regions such as China, Japan, and India, Asia
Pacific region is projected to exhibit higher growth rate / CAGR over the
forecast period of 2018-2025. Therefore, in the near future, it is anticipated
that the market of electric flight will increase across the globe more
positively over the recent few years.
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Ken Research
Ankur
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