March 29, 2020
Enhanced Vision Systems

Enhanced Vision Systems market valued at US$ 225.7 million in 2018| North America dominates the largest share

The global market for enhanced vision systems worldwide has been valued at US$ 225.7 million in 2018 and is set to grow over the forecast period with a CAGR of 4.1 percent. Increasing concerns about aviation safety and increased technology in the aviation industry are the major factors in the growth of the market for enhanced vision systems. In 2018, the global aerospace industry was valued at around US$ 830.0 billion, growing in the years to come at a CAGR of nearly 4 per cent. Increasing technological advancement in the aviation industry is also one of the key market growth factors. With the help of sensors, even in the low light, the enhanced vision system provides real-time surrounding images. Another factor driving the growth of the enhanced vision systems market is increased government investment in the aerospace and defense industries. Thus, we estimate that over the forecast period, the enhanced market for vision systems will show substantial growth.

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The enhanced market for vision systems is segmented into an enhanced vision system and synthetic vision system based on the system. The highest value contributor was the segment of the synthetic vision system in 2018. Synthetic vision system segment accounts for over 54 percent of the same year’s revenue contribution. The main factors for the dominance of the synthetic vision system segment are easy application and low cost. On the other hand, we anticipate the enhanced vision system to be the fastest-growing segment and, throughout the forecast period, to surpass the synthetic vision system segment. Clearer visibility in low light is the main factor for segment growth leading to the penetration of enhanced vision system in aircraft.

The enhanced vision system market has been segmented into infrared, synthetic vision, global positioning system, and millimeter wave radar based on technology. In the forecast period, the market segment of the millimeter-wave radar is projected to grow at the highest CAGR. For reliable vision and safe navigation, pilots need to rely on active sensors such as millimeter wave (MMW) radars. The most promising one for enhanced vision systems is the image MMW radar among all imaging sensors as it has the lowest weather dependence. This factor is expected to drive the radar segment of the millimeter wave.

During the forecast period, it is expected that Geography North America will lead the enhanced vision system market. This region’s countries include the United States and Canada. North America’s market is driven by a large number of original component manufacturers (OCMs) and original equipment manufacturers (OEMs), major technological upgrades by key players to existing equipment, and the presence of key market players such as Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), and 3 Communications Holdings, Inc. (U.S.). This strong growth can be attributed to the presence of large airline operators, such as HALBIT Avionics Private Limited (India) and Samtel Group (India), increased demand for safety and reliable airline operations, and fluctuating weather in the region.

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