Global Enhanced Vision System Market: Snapshot
The global enhanced vision system market is on a growth trajectory on account of radical improvements in the aerospace sector for aircraft safety. Top notch aircraft manufacturers are opting for hi-tech avionics and navigation systems to raise alarm in the event of a possible danger. Enhanced vision systems help to provide a detailed view of the terrain along with monitoring of various obstacles that may pose a challenge to the safety of aircraft.
Some of the key factors driving the global enhanced vision system market are the dire need to enhance aircraft safety, especially in limited visibility environments. This is because enhanced vision system collects information from various aircraft based sensors, which includes near-infrared cameras to give complete view of the terrain, especially in extreme weather conditions.
Apart from this, in developed countries, regulation and policies in place necessitate aircraft to be equipped with advanced vision systems in the interest of pilot and passenger safety.
A report by Transparency Market Research forecasts the global enhanced vision system to expand at a CAGR of 4.4% between 2017 and 2025. At this rate, the global enhanced vision system market is expected to peg an opportunity of US$312.4 mn by 2025 increasing from US$211.1 mn in 2016.
Easy Application of Synthetic Vision System Pushes Adoption
The global enhanced vision system market can be divided upon system into synthetic vision system and enhanced vision system. Of the two, the segment of synthetic vision leads the market on the back of its low cost and its easy application in aircraft. However, advanced vision system is expected to surpass in terms of revenue over the forecast period.
In terms of component, the market has been segmented into sensors, cameras, display screen, and others. In 2016, display screen and camera led the growth of this market revenue-wise. These segments are expected to display strong growth amongst other segments due to technological advancements that have led to the installation of advanced screens and camera for an enlarged view of the terrain. Sensors also form an important segment of the market.
The application segments into which the global enhanced vision system market is divided are aerospace and defense and others. For 2016, aerospace and defense led the market followed by others. The dominance of aerospace and defense application segment is attributed to the increasing measures to enhance aircraft safety. Enhanced vision system captures radiation emitted from different sensors to help in landing or during extreme weather conditions thereby boosting the growth of this application segment.
Safety Regulations Propel Growth of North America Market
The key regional segments into which the enhanced vision system market is divided are North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. North America and Europe, amongst all, are key regional segments that collectively contribute more than 50% revenue to the global market. The growth of the aerospace sector along with regulations that necessitate aerospace companies to deploy enhanced vision systems in both fixed and rotary wings aircraft have been key factors boosting growth in these regions.
Asia Pacific and Latin America are other key regional segments contributing to the growth of global enhanced vision system market. Asia Pacific stood as one of the rapidly growing regional markets in 2016 with China, Japan, India, and South Korea contributing majorly to this regional market.
Leading players operating in the global enhanced vision system market include Honeywell International Inc., United Technologies Corporation, Rockwell Collins Inc., Astronics Corporation, FLIR Systems Inc., Thales Group, Safran, HCL Embraer SA, and Elbit Systems Ltd. among others.
Global Enhanced Vision System Market: Overview
Global analysis of the enhanced vision system market has been provided under the scope of this report for the period of 2017-2025. This market has been segmented into system, components, application and geography that are covered within this report. The in-depth analysis of the various factors affecting this market along with challenges posed within this market are also considered here. Enhanced vision encompasses technology which incorporates information from sensors based in aircrafts that displays electronic real-time images of the external surroundings achieved with the application of image sensors. This helps flight crew members and pilot with a sensor-derived enhanced image of the terrain even at extremely low light. These images are formed by monitoring and capturing of infrared energy radiated from objects forming a real-time video image displayed on a dedicated video display screen. Synthetic vision system also provides images showing contrast between different objects only without the help of sensors. All these systems have been great in enhancing the safety related to the aerospace sector and is expected to grow in the next few years as well.
It is seen that the technological changes applied within aerospace industry has been helpful for passengers as well as the flight crew by providing an enhanced detailing about the terrains and obstacles. The demand for aircraft has grown much faster within developing economies as compared to the developed economies. Moreover the advancements in terms of technological changes within the aerospace industry has a direct impact with the growth of the enhanced vision systems that has acted as a major driver for this market. In addition to this, both active and passive sensors that are used in enhanced vision system has been a major support for the well performing functionalities. Infrared sensors helps pilot to form scene contrast in night vision. It is the sufficient thermal scene contrast that allows shapes and patterns pertaining to a few visual references being recognized by the pilot through infrared image forming another important driver boosting the demand of this market. Considering these drivers, infrared cameras and sensors being used are technologically advanced, expensive and are specially used for this system leading to the price growth of these systems acting as an important restraint for this market. Unlike the external view of pilot, the enhanced vision image can be two-dimensional (2D) display. It is seen that the quality of enhanced vision image as well as the level of enhanced vision sensor performance majorly depends on the atmospheric conditions along with various energy source conditions that can be visible or non-visible. These difficulties related with the functioning of these systems has further posed challenges for the market. It is further expected that combination of synthetic vision and enhanced vision will provide different opportunities for this market.
Global Enhanced Vision System Market: Market Segmentation
The global enhanced vison system market based on system has been segmented into synthetic vision system and enhanced vision system. This market has been further segmented into sensors, camera, display screen and others based on different components. Furthermore, on the basis of applications this market includes aerospace & defense and others. Regions which are considered under the scope of this report includes North America, Middle East & Africa, Asia Pacific, Europe, and Latin America. The revenue has been provided in USD million for this market along with respective CAGR for the forecast period of 2017 to 2025 has been provided within this report.
Trends and related factors that may have an effect over the enhanced vision system market as a whole has been considered within the scope of this report. Competitive profiling of manufacturers that are present in the global market along with the business and strategic overview has also been covered within the scope of this report. Drivers, challenges as well as opportunities present within this market has been covered within the report further providing a detailed review about the scope of this market in present and in future. Market attractiveness analysis along with market share of major players profiling the largest manufacturers have been covered under this report. Besides all these, strategies adopted by the competitors are also complied under the scope of this report.
Global Enhanced Vision System Market: Competitive Outlook
Some of the leading players in the global enhanced vision system market are Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Rockwell Collins Inc. (U.S.), Astronics Corporation (U.S.), FLIR Systems Inc. (U.S), Thales Group (France), Safran (France), HCL Technologies (India), Elbit Systems Ltd. (Israel) and Embraer SA (Brazil) among others.
The market has been segmented as follows:
Global Enhanced Vision System Market – By System:
- Synthetic Vision System
- Enhanced Vision System
Global Enhanced Vision System Market - By Component:
- Display Screen
Global Enhanced Vision System Market - By Application:
- Aerospace & Defense
Global Enhanced Vision System Market - By Region:
- North America
- U. S.
- The UK
- Rest Of Europe
- Asia Pacific
- South Korea
- Rest Of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest Of MEA
- Latin America
- Rest Of Latin America