The Future of Electronic Flight Instrument System Market in the forecast period (2020-2025) as predicted by Stratview Research
March 17, 2020
The report on Electronic Flight Instrument System to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025
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This report, from Stratview Research, studies the Electronic Flight Instrument System market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Get a description of the report here: https://www.stratviewresearch.com/739/electronic-flight-instrument-system-market.html
Application Type Segment
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.
Sub-System Type Segment
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.
Region Wise Segment
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.
Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/739/electronic-flight-instrument-system-market.html
Highlights of the Report:
Electronic Flight Instrument System Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Growing demand for lightweight systems with more enhanced functionalities and higher accuracy, improved safety and situational awareness with electronic flight instrument system, and automation of flight controls are the prime factors expected to bolster the growth of the electronic flight instrument system market globally during the forecast period.
Some of the major players in the electronic flight instrument system market are Avidyne Corporation, Aspen Avionics, Inc., Astronautics Corporation of America, Dynon Avionics, Esterline Technologies Corporation, Financial Highlights, Garmin Ltd., Honeywell International Inc., L-3 Communications Holdings, Inc., and Rockwell Collins, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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