Global Electronic Flight Instrument System (EFIS) Market Size to Reach USD 767.7 Million in 2030 | Emergen Research

Vancouver, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The global Electronic Flight Instrument System (EFIS) market size was USD 598.8 Million in 2021 and is expected to register a revenue CAGR of 2.7% during the forecast period, according to latest analysis by Emergen Research. Rising demand for integration of advanced avionics onboard new aircraft as a substitute for cumbersome electromechanical gauges and indications, thereby conserving weight and lowering operational and maintenance costs for end-users, is a major factor driving market revenue growth. EFIS is a display system in a flight deck, which displays flight data electronically rather than electromechanically. This system is made up of Multi-Functional Display (MFD), Primary Flight Display (PFD), Engine Indicating and Crew Alerting System (EICAS). Several manufacturers are devoting substantial resources to Research & Development (R&D) of highly sophisticated avionics and EFIS. For instance, in October 2021, at the 2021 NBAA conference, Universal Avionics debuted its new Flight Partner and Flight Review programs. Similarly, in March 2022, Thommen Aircraft, a Swiss-based avionics firm, launched its new display replacement services, with the goal of replacing old Cathode-Ray Tube (CRT) and first-generation Liquid-Crystal Display (LCD) displays in the cockpit of aircraft.

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However, stringent EFIS design rules are a primary factor limiting market revenue development in certain nations. Safety of crew and passengers is dependent on system's and its subcomponents' proper operation, as EFIS is an essential component of flight deck. Thus, EFIS must be constructed in accordance with rules established by aviation regulatory bodies and its performance and accuracy must be evaluated prior to gaining installation-type certification. For example, EFIS must meet numerous standards about information provided and instruments utilized in the system, to earn operational credit under the U.S. Code of Federal Regulations (FCR). As a result, lengthy and costly process of obtaining necessary certification may restrain market revenue growth throughout the forecast period.

Scope of Research

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 Major Companies and Competitive Landscape

The global EFIS market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective EFIS products. Some major players included in the global EFIS market report are:

• Honeywell International Inc.
• Garmin Ltd.
• Raytheon Technologies Corporation
• BAE Systems
• Korry Electronics
• CMC Electronics Inc.
• AvMAP Satellite Navigation
• TalosAvionics
• Moving Terrain
• GRT Avionics

Strategic Development

• On 1 June 2022, Collins Aerospace, a U.S.-based leading manufacturer of aerostructures, avionics, interiors, mechanical systems, mission systems, and control systems among others announced to launch FlightHub, which is its new Electronic Flight Folder accessible from an aircraft’s Electronic Flight Bag (EFB). FlghtHub unifies data sources and workflows for pilots and airlines, coordinating the whole flight lifecycle from start to finish. Furthermore, by consolidating information into a single location, FlightHub provides consumers with quick and easy access to all of their flight information such as pre-flight summaries with actual timing and fuel burn-out data.

• On 10 February 2022, Garmin International Inc., which is a leading manufacturer of navigation and wearable technologies to a wide network of industries headquartered in Olathe, Kansas, U.S. announced TXi Engine Indication System (EIS) display has been added to select Pilatus PC-12/45 and PC-12/47 aircraft, providing expanded engine monitoring capability. This upgrade provides PC-12 owners and operators with a completely modernized, complete Garmin cockpit retrofit solution that includes, GFC 600 autopilot, G600 TXi primary flight display, GTN Xi navigators, GTX ADS-B transponders, and GWX weather radar. Garmin has also gained Supplemental Type Certification (STC) from the Federal Aviation Administration (FAA) for the GFC 600 autopilot in Pilatus PC-12/47 aircraft.

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Some Key Highlights From the Report

• The commercial aviation segment accounted for a significant revenue share in 2021 due to increasing use of sophisticated avionics in this segment. Previous generation of aircraft used large electromechanical gauges and indicators to display aircraft's performance parameters. However, they were gradually replaced with EFIS technology, due to their low dependability and bulkiness.  In addition, EFIS provides multi-function capabilities, by overcoming physical limitations of traditional instruments. Moreover, modern EFIS provides high-quality infographics to monitor various aircraft systems, such as GPS and EVS systems, among others. 
• The navigation segment accounted for a significant revenue share in 2021. Strategic initiatives and product approvals aimed at installing electronic flight instrument in light and high-performance single and multiengine aircraft are major factors driving revenue growth of this segment in various countries. For instance, on 2 August 2022, FAA approved the expansion of AML Supplemental Type Certificate (STC) for installation of uAvionix AV-30-C electronic flight instrument in over 190 high-performance single-engine and light multiengine aircraft. In addition, rising demand for reliable and efficient flight management systems is a major factor  driving revenue growth of this segment throughout the forecast period.
• The line-fit segment accounted for a significant revenue share in 2021. Significant investments in high-performance LCD displays and state-of-the-art functionality in commercial and military aircraft are major factors driving revenue growth of this segment. In addition, investments aimed at improving aircraft capabilities and improvements in situational awareness are among other key factors driving revenue growth in various countries. Line-Fit entails direct installation of EFIS into aircraft cockpit by aircraft OEMs.  The line-fit segment is expected to account for largest market share during the forecast period as number of aircraft with EFIS installation provisions in active fleet is limited to commercial and military aviation and much older generation light aircraft did not have necessary wiring and electrical design for EFIS upgrade.
• The North America market accounted for largest revenue share in 2021. Significant investments in R&D activities and rapid adoption of advanced electronic flight instrument systems are major factors driving market revenue growth in this region. In addition, rising demand for lightweight systems that provide easy installation and maintenance is among other key factors driving market revenue growth throughout the forecast period. The U.S. market accounted for largest revenue share due to presence of key market companies such as Collins Aerospace, Honeywell International Inc., and others. These companies are investing in product enhancement and offering end-use companies systems that provide convenient navigation, engine monitoring, and others.

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Emergen Research has segmented the global EFIS market based on platform, application, fit, and region:

• Platform Outlook (Revenue, USD Million; 2019-2030)
  • Commercial Aviation
  • Military Aviation
  • General Aviation
• Application Outlook (Revenue, USD Million; 2019-2030)
  • Navigation
  • Information Management
  • Engine Monitoring
  • Others
• FIt Outlook (Revenue, USD Million; 2019-2030)
  • Line-Fit
  • Retrofit
• Regional Outlook (Revenue, USD Million; 2019-2030)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

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