Press release
Enhanced Vision System Market to 2028, Future Outlook, COVID-19 Impact Analysis, Forecast -2028
The global enhanced vision system market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028).An enhanced vision system is a type of imaging camera that senses infrared energy radiating from objects and forms a video image in real-time that can be viewed on a dedicated video screen. The major factor expected to drive the market growth is the need for improved aircraft safety, especially in limited visibility environments, growing situational awareness, and reliable operations at low visibility. In addition, the increasing demand for aircraft along with technological advancements from emerging economies and the rising number of smaller airports with inadequate infrastructure are supporting to drive the market growth.
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There is a growing demand for the system as it offers reliable operations at poor visibility as well as provides safety and situational awareness which is useful for passengers as well as the flight crew by providing an enhanced detailing about the terrains and obstacles. The rising aerospace industry across the globe are further leveraging the growth of the global enhanced vision system market during the forecast period. Furthermore, the prevalence of a large number of original equipment manufacturers (OEMs) along with the mounting demand for private and regional jets will further drive the global enhanced vision market during the forecast period. Additionally, by region, North America dominates the global enhanced vision system (EVS) market owing to more technological upgradation in the region coupled with the presence of key manufacturers, such as Honeywell International, Inc. and Astronics Corp. Ltd. in the region.
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Some major players in the market include Astronics Corp. Ltd., Esterline Technologies Corp., and Honeywell International Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2020, the Enhanced Vision Systems of Astronics received Canadian approval for Bell 407 Helicopters. Further, the Astronics Max-Viz platform provides an unparalleled degree of situational awareness and safety to pilots. Further, Honeywell International provides significant cockpit upgrades to Leonardo's helicopter division for its AW139 helicopters, as per the contract in 2020.
Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology
o By Component
o By Platform
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Astronics Corp. Ltd., Esterline Technologies Corp., and Honeywell International Inc., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Enhanced Vision System Market Report by Segment
By Technology
• Infrared
• Millimeter-wave radar
• Synthetic vision
• GPS
By Component
• Display
• Sensors
• Camera
• Processing Unit
• Control Electronics
• Others
By Platform
• Fixed Wing
• Rotary Wing
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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