Market Leader - Electronic Flight Instrument System (EFIS) Market
Electronic Flight Instrument System (EFIS) is an instrument display system in a flight deck that displays flight data electronically rather than electromechanically. The electronic flight instrument system market size is projected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a CAGR of 3.1% from 2022 to 2027. Aerospace Manufacturers are developing enhanced electronic flight instrument system. There is the demand from OEMs and Airlines Companies for advance lightweight electronic flight instrument system with higher accuracy, reliability & higher operational efficiency.
Contracts, partnerships, agreements new product & service launches, mergers and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the electronic flight instrument system (EFIS) market.
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Major players operating in the electronic flight instrument system (EFIS) market include Honeywell Internationals Inc. (US), Raytheon Technologies Corporation (US),General Electric Company (US), Thales (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), Garmin Limited (US), and L3Harris Technologies Inc. (US). These key players offer Electronic Flight Instrument System (EFIS) market across different industries and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East & African, and Latin American regions.
Honeywell International Inc is a world leader in electronic flight instrument system market. It provides products and services in aerospace, automation & productivity, safety, advanced sensing technologies, industry chemical and materials. Honeywell International Inc have operational facilities in US, Europe, Asia Pacific, Middle East & Africa, and Latin America. Honeywell International Inc. has a strong presence in the electronic flight instrument system market. The company has become a significant player in the field of aerospace, performance material and technologies, safety, and productivity solution, building technique.
Raytheon Technologies Corporation
Raytheon Technologies Corporation is a leader in aerospace, intelligence services and defense technologies. The company focuses on strategies such as contracts and new product developments to expand its customer base and product portfolio. The company offers a wide range of electronic flight instrument system products through Collins Aerospace, a subsidiary of Raytheon Technologies Corporation. The company has a well-established strong supply chain network across the world.
General Electric Company offers the wide variety of products through aviation, healthcare, renewable energy, and power segment. The company regularly invests in R&D and develops news products for the customers. The company expands it global customer base through contracts. The company strategies to create the right mix of products and solutions to address the changing demands of the consumers allow GE to become more effective and more focused on project execution, marketing, and sales. The company has the operational facilities in North America, Middle East, Asia Pacific, and Europe.
Thales is another major player in the electronic flight instrument system (EFIS) market. It has a strong product portfolio to cater to the needs of the aviation sector. The company is majorly focused on R&D to develop new products, and to have a competitive advantage over its competitors. The company is also focusing on securing contracts to enhance its customer base and market share across the globe. The company has operating units in sixty-eight countries around the globe.
BAE Systems PLC is an international defense, aerospace, and security company delivering a full range of products and services for air, land, and naval forces. The company also offers advanced electronics, security, information technology solutions, and customer support services. Besides, the company is also active in the design, development, and manufacturing of a wide range of electronic systems and subsystems for both military and commercial applications, specialized security, and protection products, while also offering service support of armored combat vehicles, artillery systems, and munitions.
Related Reports:
Electronic Flight Instrument System (EFIS) Market by Application, Platform (General Aviation, Commercial Aviation, Military Aviation), Sub-System (Display Systems, Processing Systems, Control Panel), Fit and Region - Global Forecast to 2027
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