NEW YORK, Nov. 11, 2015 /PRNewswire/ -- The electronic flight bag market is estimated at $2.28 billion in 2015 and is expected to register a CAGR of 13.41% to reach $4.27 billion by 2020.
The report provides a market analysis of the EFB market over the next five years. It contains the analysis of drivers, challenges, restraints, and burning issues that impact the industry. It also discusses the industrial value chain, Porter's five force model, and technology trends that currently prevail in the EFB market.
It tracks, analyzes, and lays out the market share of the EFB types in each region and provides the market size as well. It also analyzes the market share of hardware and software components.
The report provides information of the leading competitors in the EFB market; it also provides details on their financial positions, key products, their unique selling points, and key developments. This research report categorizes the global market on the basis of type, component, region, and by country, along with forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
All the percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been viewed in extensive detail, verified through primary research, and analyzed to procure the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets, and is presented in this report.
The percentage split-ups of the segments categorized under the global market were used to arrive at the market sizes of each of the individual segments of the end-user verticals. The EFB market has been classified by material type, platform, and geography. Thus, data was triangulated among three major categories based on their market sizes by types, components, geography, and company revenue.
Of the regions considered for this market, North America contributes the largest share of the total market. The use of EFB has significantly reduced the use of paper in cockpits. With the use of EFB, the flight data can be conveniently stored in mobile or installed computers. The leading players in the EFB market include International Flight Support (IFS), Thales (France), Navtech, Inc. (Canada), Flightman (Ireland), Jeppesen (U.S.), Lufthansa Systems (Germany), Teledyne Controls (U.S.), and Esterline CMC Electronics (U.S.), among others.
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