Covid-19 Impact on Enhanced Vision System Market is Booming Across the Globe, Explores the Latest Report
Stratview Research on the Enhanced Vision System Market provides a thorough analysis of the market that can help users to understand the competitive dynamics and different factors driving or restraining industry growth.
Market Insights
The enhanced vision system market was estimated at USD 221.18 million in 2022 and is likely to grow at a CAGR of 5.07% during 2023-2028 to reach USD 298.52 million in 2028.
Segment-wise analysis
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.
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.
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 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 unstable weather conditions in the region. China and India are the growth engines of the region.
Key players
Some of the key companies that are profiled in this report are:
- Astronics Corporation
- Elbit Systems Ltd.
- Esterline Technologies Corporation
- Honeywell International, Inc.
- L-3 Communications Holdings, Inc.
- MBDA
- Opgal
- Rockwell Collins, Inc.
- Thales Group
- United Technologies Corporation
Research Methodology
The study incorporates a wide range of analytical resources along with primary and secondary research methodologies.
Frequently Asked Questions (FAQs)
- What will be the growth of Enhanced Vision System Market in the foreseeable future?
- Who are the key players mentioned in the report?
- Which region is dominant in the market in the coming years?
- How long will it take to recover from the covid19 effect?
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About Stratview Research
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