Global Electronic Flight Bag Market Report 2021: Reduction in Aircraft Weight through EFB Incorporation, Increase in Aircraft Deliveries, Real-time Data Sharing through EFBs Driving Growth

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Dublin, Aug. 13, 2021 (GLOBE NEWSWIRE) -- The "Electronic Flight Bag Market by Component (Hardware and Software), End User (OEM, Aftermarket), Application, Platform (Commercial Aviation, Business and General Aviation and Military Aviation), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.The electronic flight bag (EFB) market is estimated to grow from USD 2.4 Billion in 2021 to USD 3.3 Billion by 2026, at a CAGR of 6.2% from 2021 to 2026.Some of the major factors driving this market include reduction in aircraft weight through EFB incorporation, increase in aircraft deliveries, real-time data sharing through EFBs, and the use of EFBs for helicopters and eVTOL vehicles.Thales (France), Astronautics Corporation of America (US), Boeing (US), Honeywell (US), and Ramco Systems (India) among others, are some of the leading players operating in the EFB market.These players have adopted various organic and inorganic growth strategies to streng
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