| Product Code: ETC5838055 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely heavily on imports of Electronic Flight Instrument System (EFIS), with top exporters being Trinidad and Tobago, USA, China, Canada, and Panama. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting limited competition. Despite a respectable compound annual growth rate (CAGR) of 8.73% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -9.85%. This fluctuation in growth rate may prompt stakeholders to assess market conditions and competition dynamics for EFIS imports in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Electronic Flight Instrument System (EFIS) Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Flight Instrument System (EFIS) Market - Industry Life Cycle |
3.4 Grenada Electronic Flight Instrument System (EFIS) Market - Porter's Five Forces |
3.5 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume Share, By Sub-System, 2021 & 2031F |
3.7 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume Share, By Fit, 2021 & 2031F |
4 Grenada Electronic Flight Instrument System (EFIS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced avionics systems in the aviation industry |
4.2.2 Technological advancements in electronic flight instrument systems (EFIS) |
4.2.3 Growing emphasis on flight safety and situational awareness |
4.3 Market Restraints |
4.3.1 High initial investment and installation costs associated with EFIS |
4.3.2 Stringent regulatory requirements and certification processes |
4.3.3 Limited availability of skilled technicians for maintenance and support |
5 Grenada Electronic Flight Instrument System (EFIS) Market Trends |
6 Grenada Electronic Flight Instrument System (EFIS) Market Segmentations |
6.1 Grenada Electronic Flight Instrument System (EFIS) Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Commercial Aviation, 2021-2031F |
6.1.3 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Military Aviation, 2021-2031F |
6.1.4 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By General Aviation, 2021-2031F |
6.2 Grenada Electronic Flight Instrument System (EFIS) Market, By Sub-System |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Display Systems, 2021-2031F |
6.2.3 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Processing Systems, 2021-2031F |
6.2.4 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Control Panel, 2021-2031F |
6.3 Grenada Electronic Flight Instrument System (EFIS) Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Flight Attitude, 2021-2031F |
6.3.3 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Navigation, 2021-2031F |
6.3.4 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Information Management, 2021-2031F |
6.3.5 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Engine Monitoring, 2021-2031F |
6.4 Grenada Electronic Flight Instrument System (EFIS) Market, By Fit |
6.4.1 Overview and Analysis |
6.4.2 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Line-fit, 2021-2031F |
6.4.3 Grenada Electronic Flight Instrument System (EFIS) Market Revenues & Volume, By Retrofit, 2021-2031F |
7 Grenada Electronic Flight Instrument System (EFIS) Market Import-Export Trade Statistics |
7.1 Grenada Electronic Flight Instrument System (EFIS) Market Export to Major Countries |
7.2 Grenada Electronic Flight Instrument System (EFIS) Market Imports from Major Countries |
8 Grenada Electronic Flight Instrument System (EFIS) Market Key Performance Indicators |
8.1 Average lifespan of EFIS systems in aircraft |
8.2 Rate of adoption of EFIS in new aircraft models |
8.3 Number of safety incidents reported after EFIS installation |
9 Grenada Electronic Flight Instrument System (EFIS) Market - Opportunity Assessment |
9.1 Grenada Electronic Flight Instrument System (EFIS) Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Grenada Electronic Flight Instrument System (EFIS) Market Opportunity Assessment, By Sub-System, 2021 & 2031F |
9.3 Grenada Electronic Flight Instrument System (EFIS) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Electronic Flight Instrument System (EFIS) Market Opportunity Assessment, By Fit, 2021 & 2031F |
10 Grenada Electronic Flight Instrument System (EFIS) Market - Competitive Landscape |
10.1 Grenada Electronic Flight Instrument System (EFIS) Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Flight Instrument System (EFIS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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