This new report from Stratview Research analyses the Electronic Flight Instrument System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Electronic Flight Instrument System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Electronic Flight Instrument System Market is no different. Derived from the previous market scenario, the Electronic Flight Instrument System Market is likely to witness an impressive CAGR of 7.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/739/electronic-flight-instrument-system-market.html
Market Share Analysis
Electronic Flight Instrument System Market Share: By Application Type
Based on the application type, the market is segmented as navigation, flight attitude, and aircraft engine monitoring. The navigation segment is estimated to depict the highest growth during the forecast period. The growth of the segment is owing to the fact that pilots rely on navigation information, such as pitch, yaw, bank, and roll movements of the aircraft for safe flight operations. New and upgraded systems, such as Enhanced Vision System (EVS), terrain avoidance and warning system, global positioning system (GPS), and Automatic Dependent Surveillance-Broadcast (ADS-B) are the major drivers anticipated to underpin the growth of the segment during the forecast period.
Electronic Flight Instrument System Market Share: By Sub-System Type
Based on the sub-system type, the market is segmented as display systems, communication & navigation systems, flight management controls & systems, and processing systems. The flight management controls & systems segment is estimated to register the highest growth in the coming five years. Flight management controls & systems are the vital subsystems of the electronic flight instrument system. It comprises automated flight control and Electronic Flight Bag (EFB). Flight management controls & systems are likely to be progressively used in new aircraft, driven by the upsurge in automation in various in-flight tasks that the systems offer. This marks as one of the prime factors driving the growth of the segment.
Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/739/electronic-flight-instrument-system-market.html
Electronic Flight Instrument System Market Share: By Region
In terms of regions, North America is estimated to command the electronic flight instrument system market during the forecast period. The market in the North American region is driven by the presence of a large number of Original Equipment Manufacturers (OEMs) and major market players, such as Rockwell Collins, Inc. (U.S.), Honeywell International Inc. (U.S.), among others. On the other hand, Asia-Pacific is expected to emerge out as the fastest-growing market for electronic flight instrument system in the coming five years. This high and unprecedented growth is supported by the regional presence of giant OEMs, such as Microair Avionics Pty Ltd. (Australia) and Thomas Global Systems (Australia), technological modernization from traditional electro-mechanical to advanced electronic deck systems, and growing demand for lightweight systems on board aircraft.
Electronic Flight Instrument System Market: Key Players
Some of the major players in the electronic flight instrument system market are-
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.