This report provides the
market analysis of the electronic flight instrument system market for the next five
years. It discusses industry and technology trends that are currently prevailing
in the market, along with analyzing drivers, restraints, challenges, and
threats to the market. The electronic flight instrument system market is projected
to grow from USD 867.9 million in 2016 to USD 1,139.6 million by 2021, at a
CAGR of 5.60% during the forecast period. Increasing need for lightweight
systems with more functionalities and better accuracy and enhanced safety and
situational awareness with the use of electronic flight instrument system are the
major factors expected to drive the growth of the market.
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Global Forecast to 2021”
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Based on application,
the navigation segment of the electronic flight instrument system market is
estimated to witness highest growth during the forecast period, as navigation
information such as yaw, pitch, bank, and roll movements of the aircraft are
very important for safe flight operations. The high dependency of the aircraft
on the navigation information is expected to contribute to the high growth of
this segment.
Based on
subsystem, the flight management controls & systems segment of the electronic
flight instrument system market is estimated to witness highest growth during
the forecast. This high growth can be attributed to the increase in automation
in various in-flight tasks that these systems offer.
Based on fit, the
retrofit segment of the electronic flight instrument system market is estimated
to witness highest growth. This growth can be attributed to the Upgradation of
traditional electromechanical instrument gauges mandated for using Automatic
Dependent Surveillance-Broadcast (ADS-B) and Enhanced Vision
System (EVS) equipment in glass cockpit and need for improving safety
& situational awareness.
Based on
platform, the fixed wing segment of the electronic flight instrument system
market is estimated to grow witness highest growth. The growth of the segment
can be attributed to the growing international tourism and rise in aircraft
deliveries globally.
The electronic
flight instrument system market in Asia-Pacific is expected to witness high
growth, owing to the presence of large Original Equipment Manufacturers (OEMs)
and Original Component Manufacturers(OCMs), such as Thomas Global Systems
(Australia) and Microair Avionics Pty Ltd. (Australia) in the region.
Key players
operating in the electronic flight instrument system market are Honeywell
International Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Esterline
Technologies Corporation (U.S.), Astronics Corporation (U.S.), L-3
Communications Holding Inc. (U.S.), Dynon Avionics (U.S.), Genesys Aerosystems
(U.S.), Aspen Avionics (U.S.), Avidyne Corporation (U.S.), and Garmin Ltd.
(Switzerland), among others.
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