Electronic Flight Instrument System Market to Witness Robust Growth by 2026

According to Stratview Research, the electronic flight instrument system market is projected to grow at a CAGR of 7.2% from 2021 to 2026. The growth of the market is driven by the increasing demand for new aircraft, automation of flight controls, and enhanced safety and situational awareness with electronic flight instruments.

Market Drivers

  • Increasing demand for new aircraft: The global aviation industry is growing rapidly, and the demand for new aircraft is expected to continue to grow in the coming years. EFIS are a key component of new aircraft, and the increasing demand for new aircraft is expected to drive the growth of the electronic flight instrument system (EFIS) market.

  • Automation of flight controls: EFIS can automate many of the tasks that were previously performed by pilots, such as navigation and flight control. This automation can improve safety and efficiency, and it is expected to drive the growth of the EFIS market.

  • Enhanced safety and situational awareness: EFIS provide pilots with a better view of the aircraft's status and environment. This can improve safety and situational awareness, and it is expected to drive the growth of the EFIS market.

Market Challenges

  • High cost of EFIS: EFIS are more expensive than traditional mechanical flight instruments. This high cost can be a challenge for some market participants.

  • Regulatory requirements: EFIS must meet strict regulatory requirements. This can be a challenge for some market participants, as it can increase the cost of development and certification.

Market Segmentation

The EFIS market is segmented by application, subsystem, fit, platform and region.

Application Type:

  • Navigation

  • Flight Attitude

  • Aircraft Engine Monitoring

Sub-System Type:

  • Display Systems 

  • Communication & Navigation Systems 

  • Flight Management Controls & Systems 

  • Processing Systems 

Fit Type:

  • Linefit

  • Retrofit

Platform Type:

  • Fixed Wing

  • Rotary Wing

By region: The EFIS market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to be the largest market for EFIS, followed by Europe and Asia-Pacific.

Market Players

Some of the major players in the EFIS market include:

  • Honeywell International Inc.

  • Raytheon Technologies Corporation

  • General Electric Company

  • Thales SA

  • BAE Systems PLC

  • Meggitt PLC

  • Rockwell Collins Inc.

  • Garmin International Inc.

  • Avidyne Corporation

Market Outlook

The EFIS market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing demand for new aircraft, automation of flight controls, and enhanced safety and situational awareness with electronic flight instruments.

Conclusion

The EFIS market is a growing market with a number of attractive growth opportunities. The market is expected to be driven by the increasing demand for new aircraft, automation of flight controls, and enhanced safety and situational awareness with electronic flight instruments.

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