Research and Markets has announced the addition of the "Electronic Flight Instrument System (EFIS) Market by Application, Sub-system, Fit, Platform and Region - Global Forecast to 2021" report to their offering.

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 (EFIS) are major factors expected to drive the market in the coming years. However, stringent industry regulations pertaining to EFIS and the high cost of technology used in EFIS may act as some of the major restraints for the electronic flight instrument system market.

The manufactured components need approval from various authorities, such as the U.S. Federal Aviation Administration (FAA), before they are installed on board an aircraft. Furthermore, it is difficult to obtain approval for the replacement of conventional systems onboard the aircraft.

Based on application, the navigation segment is estimated to be the largest segment of the electronic flight instrument system market, as navigation information is the most basic information needed to fly an aircraft as well as during landing and take-off operations.

Based on subsystem, the communication & navigation systems segment is estimated to be the largest segment of the electronic flight instrument system market in 2016. This can be attributed to the mandate for communication & navigation systems namely, Enhanced Vision System (EVS) and Automatic Dependent Surveillance-Broadcast (ADS-B) on board an aircraft.

Companies Mentioned:

  • Honeywell International Inc.
  • L-3 Communications Holdings, Inc.
  • Rockwell Collins, Inc.
  • Esterline Technologies Corporation
  • Garmin Ltd.
  • Astronautics Corporation of America
  • Avidyne Corporation
  • Genesys Aerosystems
  • Aspen Avionics, Inc.
  • Dynon Avionics

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Electronic Flight Instrument System Market, By Application

8 Electronic Flight Instrument System Market, By Sub-System

9 Electronic Flight Instrument System Sub-System Market, By Fit (EVS & ADS-B)

10 Electronic Flight Instrument System Market, By Platform

11 Integrated Standby Instrument System (ISIS)

12 Regional Analysis

13 Competitive Landscape

14 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/k63nxf/electronic_flight