Global Commercial Electronic Flight Bag Market: Overview
Successful integration of commercial electronic flight bags for providing situational awareness in fixed winged aircrafts has compelled players and manufacturers in the global commercial electronic flight bag market to actively seek opportunities in rotary winged aircraft and air carriers industry. This trend is anticipated to foster the upward trajectory of the global commercial electronic flight bag market in coming years. On the other hand, security risks associated with extensive usage of inter-connected electronic systems may pose as a major barrier for the expansion of the global commercial electronic flight bag market in coming years.
The research report evaluates the present conditions in global commercial electronic flight bag market. It highlights various key segments in the industry and provides information regarding their individual as well as the combined performance on the demand dynamics in the global commercial electronic flight bag market during the forecast period of 2021 to 2031. The research report presents detailed information regarding the segmental analysis of the global commercial electronic flight bag market. The study highlights major development trends for the global commercial electronic flight bag market during the forecast period of 2021 to 2031. It also provides data regarding the dynamic scenario of the global commercial electronic flight bag market along with various attractive growth opportunities for the industry players in coming years.
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Global Commercial Electronic Flight Bag Market: Major Trends and Drivers
Some of the key and leading drivers for the expansion of the global commercial electronic flight bag market include reduction in the weight of the aircraft through incorporation of commercial electronic flight bags, rising usage of commercial electronic flight bags for helicopters as well as eVTOL vehicles, and access to data sharing in real time by using commercial electronic flight bags. Moreover, rising expenditure in defence by various leading global economies such as the United States, China, Japan, and India is also fuelling the demand in global commercial electronic flight bag market in near future.
Global Commercial Electronic Flight Bag Market: Key Players and Manufacturers
Few of the major and incumbent players and manufacturers functioning within the global commercial electronic flight bag market include Honeywell, Ramco Systems, Astronautics Corporation of America, Thales, and Boeing. Players in the global commercial electronic flight bag market are enhancing their product portfolios by integrating new technologies, introducing new products, and incorporating new facilities in their products. For instance, Collins Aerospace, a subsidiary of Raytheon Technologies, launched a new electronic cabin bag solution in June of 2021 that is aimed to intensify the operational efficiency of various inflight services, reduce touch points in cabin, and elavate passenger experience.
Jeppesen, a subsidiary of Boeing introduced tailored charts for avionics in August of 2019. These were introduced at first, alongside Honeywell Primus INAV avionics aimed at Embraer E2 commercial aircrafts. This new tailored and custom navigational system was operated by the regional airline ‘Wideroe of Norway’.
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Global Commercial Electronic Flight Bag Market: Regional Assessment
Geographically, region expected to record the highest growth in the global commercial electronic flight bag market over the forecast period is North America. Strong presence of leading and prominent original equipment manufacturers (OEMs) in the United States is one of the major drivers for the development of the global commercial electronic flight bag market in North America region. Furthermore, rising investments in research and development in order to develop new commercial electronic flight bag products that feature enhanced efficiency as well as increased reliability is also garnering increased momentum in global commercial electronic flight bag market in North America. Moreover, growth of military as well as commercial or passenger air fleets, which in turn raises the demand for upgradation or retrofit of commercial electronic flight bags is also expected to aid in the expansion of global commercial electronic flight bag market in North America in near future.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.