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Commercial Aircraft Video Surveillance Systems Market to Witness a Surge in the Revenue by 2023
Commercial Aircraft Video Surveillance Systems Market
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The current business scenario has witnessed surge in the adoption of CAVSS in the developed and the developing regions, owing to the technological innovations in product offerings, rise in adoption of cost-effective solutions, implementation of profitable & low-cost business models, and increase in application areas among end users.The commercial aircraft video surveillance systems (CAVSS) market is projected to reach at $860 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. Cockpit door surveillance system possesses high market potential and is expected to create lucrative opportunities for the industry players.
Furthermore, need for enhanced security, rise in number of terrorist activities, upsurge in budgetary expenses for aerospace applications, introduction of advanced & innovative technologies, enhanced emphasis on passenger safety, and technological advancements for workflow optimization create lucrative opportunities for market growth. Supportive growth through regulatory compliance, need for enhanced security, surge in demand for technologically advanced solutions, demand to integrate surveillance systems, and need to improve passenger safety drive the market growth. In addition, recent innovations and growth in adoption of advanced surveillance systems have further fueled the commercial aircraft video surveillance systems market growth.
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Key Findings of the Commercial Aircraft Video Surveillance Systems Market:
• The cockpit door surveillance system segment dominated the global commercial aircraft video surveillance systems market in 2016, and the environmental camera system segment is expected to grow at the highest CAGR from 2017 to 2023.
• The line-fit segment is estimated to provide significant growth opportunities to the key players operating in the global commercial aircraft video surveillance systems market.
• The market in Asia-Pacific is expected to be dominant in terms of commercial aircraft video surveillance systems market size. However, • LAMEA is estimated to provide significant growth rate, during the forecast period.
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