PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555736
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555736
Electronic Flight Instrument System (EFIS) Market size was valued at USD 630.43 Million in 2023, expanding at a CAGR of 3.20% from 2024 to 2032.
The Electronic Flight Instrument System (EFIS) is a modern avionics system used in aircraft to display flight information to pilots. It replaces traditional mechanical flight instruments with digital displays, providing more accurate, comprehensive, and easily readable information.
Electronic Flight Instrument System (EFIS) Market- Market Dynamics
Growing emphasis on safety and fleet modernization in aviation is expected to propel market demand
EFIS systems enhance flight safety by providing pilots with clear and comprehensive flight data. They also contribute to operational efficiency through improved situational awareness and reduced pilot workload, which are highly valued in both commercial and general aviation. Continuous advancements in technology, such as improved display technologies (e.g., OLED, LCD), increased processing power, and enhanced sensors, are driving the adoption of EFIS. Modern systems offer better accuracy, reliability, and user interfaces.
Airlines and operators are investing in modernizing their fleets to improve performance, reduce maintenance costs, and comply with regulatory requirements. EFIS is a key component of these modern avionics' suites. EFIS can be integrated with other avionics systems such as autopilot, weather radar, and traffic collision avoidance systems (TCAS). This integration enhances overall flight management and operational efficiency, making EFIS an attractive option for new aircraft and upgrades. Modern flight training programs emphasize the use of advanced avionics systems, including EFIS. As pilots are trained in these systems, their demand for EFIS-equipped aircraft increases.
Electronic Flight Instrument System (EFIS) Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.20% over the forecast period (2024-2032)
Based on Sub-system segmentation, the display system segment was predicted to show maximum market share in the year 2023, owing to growing internet penetration & digital displays.
Based on Application segmentation, the flight attitude segment was the leading Application in 2023, owing to the high demand for advanced electronic components & products.
Based on Platform segmentation, the commercial aviation segment was the leading Platform segment in 2023, owing to the rapid development in flight infrastructures and logistics.
On the basis of region, North America was the leading revenue generator in 2023, due to the presence of major airport stations and the travel sector.
The Global Electronic Flight Instrument System (EFIS) Market is segmented on the basis of Sub-system, Application, Platform, and Region.
The market is divided into three categories based on Sub-system: display system, processing system, and control panel. The display system segment dominates the market. Rapid developments in LED, LCD, and digital displays are expected to offer new opportunities for market growth.
The market is divided into four categories based on Application: flight attitude, navigation, information, and engine monitoring. The flight attitude segment dominates the market. The information management segment is estimated to grow at the fastest rate over the forecast period due to rapid internet adoption.
The market is divided into three categories based on Platform: commercial aviation, military aviation, and general aviation. The commercial aviation segment dominates the market and is expected to maintain its high dominance during the forecast period. Higher air passenger traffic across developing countries is mainly boosting segment growth.
Electronic Flight Instrument System (EFIS) Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America and Europe are leading in terms of market maturity and technological adoption, while Asia-Pacific and the Middle East are experiencing rapid growth. The Asia-Pacific region is experiencing rapid growth in aviation, with increasing air traffic and fleet expansion, which drives the demand for EFIS technology. Countries like China, India, and Japan are expanding their aviation sectors and upgrading their fleets, leading to higher adoption rates of advanced avionics systems.
The Electronic Flight Instrument System (EFIS) market is competitive, with several key players driving advancements and innovation in avionic systems. Companies are investing in research and development to enhance EFIS technology, including improvements in display quality, integration with other avionics systems, and advanced data processing. Companies are incorporating enhanced vision systems into EFIS products to improve situational awareness and safety, particularly in low visibility conditions. There is a growing emphasis on connectivity features, such as data link integration and real-time data processing, to improve flight operations and management.
In June 2022, Collins Aerospace introduced FlightHub a scalable solution that provide real-time route suggestions.
In February 2022, Garmin Ltd launched TXi EIS Pitatus PC-12 aircraft with advanced tech solutions.