Electronic Flight Bag Market Worth $3.3 Billion by 2026

Northbrook, IL -- (SBWIRE) -- 08/02/2021 -- According to a research report "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", published by MarketsandMarkets™, 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.