Electronic Flight Bag Industry Regional Outlook Analysis
Market Overview: Electronic Flight Bag Industry Size is expected to reach USD 2.3 Billion by 2030, registering a CAGR of 6.1% during 2020-2030. An electronic Flight Bag is an electronic device that stores important documents for flight operations such as aeronautical charts, operating manuals, weather information, airport information, route information and other relevant documents. The EFB provides real-time access to various kinds of data to the pilots. The increase in commercial aircraft globally and rising demand for safe and efficient flight operations are the main growth drivers for this market. Increasing focus on aircraft fuel efficiency by weight reduction is another growth factor for the EFB market. The conventional flight bags weigh 18 kg and more, excluding the documents stored. EFBs, on the other hand, weigh just 500 grams to 2.5 kilograms and store documents in digital format. As a result, the EFB lightens the aircraft, leading to more fuel efficiency. The i...