This new report from Stratview Research analyses the Enhanced Vision System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Enhanced Vision System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Enhanced Vision System Market is no different. Derived from the previous market scenario, the Enhanced Vision System Market is likely to witness an impressive CAGR of 5.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Enhanced Vision System Market Share: By Technology Type
Based on the technology type, the market is segmented as infrared, synthetic vision, global positioning system, and millimeter wave radar. The millimeter wave radar segment is estimated to depict the highest growth during the forecast period. Pilots need to rely on active sensors, such as millimeter wave (MMW) radars for dependable vision and safe navigation. Owing to its lowest weather dependency, the imaging MMW radar is the most promising one, among others, which drives the growth of the segment.
Enhanced Vision System Market Share: By Component Type
Based on the component type, the market is segmented as displays, cameras, processing unit, sensors, and control electronics. The display segment is expected to account for the largest share of the market in the coming five years. A display unit is a crucial component of the enhanced vision system and serves as a screen to graphically represent data collected from various sensors onboard an aircraft. This is one of the major factors fuelling the growth of this segment.
Click below to run through the detailed ToC of the report:
Enhanced Vision System Market Share: By Region
In terms of regions, North America is estimated to command the enhanced vision system market during the forecast period. The North American market is driven by the presence of a large number of original equipment manufacturers (OEMs) and original component manufacturers (OCMs), along with major technological upgrades of prevalent equipment by major players in the region. On the other hand, the Asia-Pacific’s market is expected to witness the highest growth during the forecast period, which can be attributed to the presence of giant OEMs, such as HALBIT Avionics Private Limited (India) and Samtel Group (India), demand for high safety and reliable airline operations, and instable weather conditions in the region. China and India are the growth engines of the region.
Enhanced Vision System Market: Key Players
Some of the major players in the enhanced vision system market are Astronics Corporation, Elbit Systems Ltd., Esterline Technologies Corporation, Honeywell International, Inc., L-3 Communications Holdings, Inc., MBDA, Opgal, Rockwell Collins, Inc., Thales Group, and United Technologies Corporation.
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