![]() This led to a significant loss of revenue that resulted in the market experiencing a huge decline of 54.6% in 2020. Travel restrictions, coupled with several aircraft stationed at airports, hampered the revenue sales of the airline operators. This further led to the halting of several industrial operations and people confined through their home spaces. The rising COVID-19 cases compelled the global government agencies to announce lockdowns to control the pandemic. In 2020, the world was brought to a standstill due to the widespread effects of the coronavirus pandemic. Market Witnessed a Decline of 54.6% in 2020 Halted Aircraft Operations & Services Restrained Growth An EFB is used to store and retrieve essential documents such as weather information, operating manuals, route information, and other information during flight operations. This information is published by Fortune Business Insights in its report, titled “Electronic Flight Bag Market, 2021-2028.” The report further mentions that the market stood at USD 2.02 billion in 2020 and is projected to exhibit a CAGR of 10.57% between 20. ![]() This is owing to the increasing focus on the adoption of integrated & smart product solutions. Pune, India, J(GLOBE NEWSWIRE) - The global electronic flight bag market size is expected to gain traction by reaching USD 5.86 billion by 2028.
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