Electronic Flight Instrument System (EFIS) Market Share, Size, Trends, Industry Analysis Report, By Application (Aircraft Engine Monitoring, Flight Attitude, Navigation), By Sub-System; By Platform (Fixed Wing, Rotary Wing), By Fit (Line fit, Retrofit), By Region; Segment others Forecast, 2022 - 2030
The global electronic flight instrument system (EFIS) market size is expected to reach USD 793.8 million by 2030, according to a new study by Polaris Market Research. The report “Electronic Flight Instrument System (EFIS) Market Share, Size, Trends, Industry Analysis Report, By Application (Aircraft Engine Monitoring, Flight Attitude, Navigation), By Sub-System; By Platform (Fixed Wing, Rotary Wing), By Fit (Line fit, Retrofit);By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The use of advanced avionics with low-weight profiles is increasing. Furthermore, the previous type of aircraft displayed the aircraft’s performance parameters using large electromechanical gauges and indicators. A major avionics manufacturer is collaborating with an aviation service provider in order to integrate and install contemporary avionics with enhanced functions. To meet the need for new avionics and EFIS as part of the fleet modernization plans made by operators, a number of contracts are being given out.
However, NAV CANADA announced in February 2022 that it would put into effect a new regulation requiring pilots of aircraft operating in specific domestic airspace to adhere to ADS-B Out Performance Requirements. On February 23, 2023, the mandate will take effect in Class A and B Canadian airspace above 12,500 feet.
The global deployment of modern EFIS is being driven by the increased need for aircraft modernization to increase operating safety and fuel efficiency, hence reducing operational costs. Over the past ten years, there has been an increase in air passenger traffic footprints worldwide. The market for commercial aviation is being driven by airline firms, increasing the size of their aircraft fleet to fulfill demand.
Electronic Flight Instrument System (EFIS) Market Report Highlights
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