Electronic Flight Instrument System Market Overview, Merger and Acquisitions, Drivers, Restraints and Industry Forecast By 2032
The latest research report by Emergen Research, named ‘Global Electronic Flight Instrument System Market - Forecast to 2032’, entails a comprehensive review of the global Electronic Flight Instrument System Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Electronic Flight Instrument System Market industry, particularly the current COVID-19 scenario.
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).
Key players in the market Honeywell International Inc., Garmin Ltd., Raytheon Technologies Corporation, BAE Systems, Korry Electronics, CMC Electronics Inc., AvMAP Satellite Navigation, TalosAvionics, Moving Terrain, and GRT Avionics
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Competitive Terrain:
The Global Electronic Flight Instrument System Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.
Market Overview:
The report bifurcates the Electronic Flight Instrument System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Electronic Flight Instrument System Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation.
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
Regional Analysis of the Electronic Flight Instrument System Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered in the Report:
- What is the growth rate of the Electronic Flight Instrument System Market ? What is the anticipated market valuation of Electronic Flight Instrument System Market industry by 2032?
- What are the key growth driving and restraining factors of the Electronic Flight Instrument System Market ?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Electronic Flight Instrument System Market industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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TOC of the global Electronic Flight Instrument System Market report:
Chapter 1, describes the Electronic Flight Instrument System Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
Chapter 2, analyzes the key manufacturers of Electronic Flight Instrument System Market , along with the sales, revenue, and price of Electronic Flight Instrument System Market , in the forecast period.
Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Electronic Flight Instrument System Market, for each region, from 2020 to 2032.
Chapters 5, 6, 7, 8 and 9, analyze the Electronic Flight Instrument System Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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