Press release
Aircraft Synthetic Vision System Market To Reach US$ 563.0 Million By 2027
Aircraft Synthetic Vision System Market
The aircraft synthetic vision system (SVS) represents a computer-based, reality-facilitated mechanism that utilizes 3D technology to lead pilots while flying. This system presents a computer-generated view of the external environment with a database of relevant information about the flight plan information, terrain, runways, etc. Aircraft SVS magnifies the situational awareness of the pilot in low-visibility conditions through artificial vision, route planning hardware and software, and moving maps. In addition, it assists in minimizing the chances of accidents caused by runway incursion, loss of control, and occurrence of Controlled Flight into Terrain (CFIT). As a result, aircraft SVS finds widespread application across various sectors, such as Civil Aviation, Military Aviation, and General Aviation.
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Competitive Landscape with Key Players:
• Cobham plc
• Garmin Ltd
• Honeywell International Inc
• Collins Aerospace (United Technologies Corporation)
• Elbit Systems Ltd
• Thales Group
• Safran SA
• Mercury Systems, Inc
• HARRIS CORPORATION
• Universal Avionics Systems Corporation
• Aspen Avionics, Inc
• Avidyne Corporation
• ENSCO, Inc
Aircraft Synthetic Vision System Market Trends and Growth:
The escalating occurrence of CFIT incidences in which the airplane, under the control of the pilot, accidentally flows into water, mountain, ground, or any other obstacle, is among the primary factors driving the aircraft synthetic vision system market. In addition to this, the usage of this technology by pilots to enable timely alterations in the route, on account of the CFIT eventuality, is further augmenting the market growth. Moreover, the growing popularity of Unmanned Aerial Vehicles (UAVs) is propelling the need for aircraft SVS for accurately projecting correct navigation, which is also catalyzing the global market.
Apart from this, the elevating requirement for safety measurements in commercial and other types of aviation planes is acting as another significant growth-inducing factor. Furthermore, the expanding construction of airports across countries and the launch of several policies by the government bodies toward passenger safety are expected to bolster the aircraft synthetic vision system market in the coming years.
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Key Market Segmentation:
Breakup by Product Type:
• Synthetic Vision
o Longwave IR
o Shortwave IR
o Millimeter Wave RADAR
• Enhanced Vision
o IR
o Millimeter Wave RADAR
o Combined EVS
• Others
Breakup by Operation:
• Manned
• Unmanned
Breakup by Display System:
• Primary Flight Display
• Navigation Display
• Heads-up and Helmet Mounted Display
• Others
Breakup by Application:
• Civil Aviation
• Military Aviation
• General Aviation
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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