Enhanced Vision System Market Growth Analysis | 2023-2028
Enhanced Vision System Market Size, Share, Trend, Forecast, & Growth Analysis- 2023-2028.
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.
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What is an enhanced vision system?
The enhanced vision system is a system that makes use of the information from the sensors of the aircraft for providing vision in environments with limited visibility.
The enhanced vision system is based on a number of technologies such as infrared, synthetic vision, global positioning system, and millimeter-wave radar. Displays, cameras, processing units, sensors, and control electronics are the components used in an enhanced vision system.
Enhanced Vision System Market Highlights
Market Size in 2022
USD 221.18 million
Market Size in 2028
USD 298.52 million
Market Growth (2023-2028)
Base Year of Study
The prime growth drivers which are expected to underpin the global enhanced vision system market during the forecast period are-
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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.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The enhanced vision system market is segmented into the following categories.
By Technology Type
By Component Type
By Platform Type
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Some of the major players in the market are-
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Enhanced Vision System Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Competitive landscape analysis, Market share analysis
How complex is the business environment?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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The enhanced vision system is the system that makes use of the information from the sensors of the aircraft for providing vision in environments with limited visibility. The enhanced vision system is based on a number of technologies such as infrared, synthetic vision, global positioning system, and millimeter-wave radar. Displays, cameras, processing units, sensors, and control electronics are the components used in an enhanced vision system.
The enhanced vision system market was estimated at USD 221.18 million in 2022.
The enhanced vision system market is likely to reach USD 298.52 million in 2028.
The enhanced vision system market is likely to witness an impressive CAGR of 5.07% during the forecast period.
In terms of regions, North America is estimated to command the market during the forecast period.
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.
The millimeter wave radar segment is expected to depict the highest growth in the market in the coming years.
The prime growth drivers which are expected to underpin the global enhanced vision system market during the forecast period are growing situational awareness, increasing aircraft safety, and reliable operations at low visibility.
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