Aircraft Synthetic Vision System Market To Reach US$ 590.2 Million By 2028

How Big is the Aircraft Synthetic Vision System Market ? :

According to the latest report by IMARC Group, titled "Aircraft Synthetic Vision System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global aircraft synthetic vision system market size reached US$ 458.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 590.2 Million by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

What are Aircraft Synthetic Vision System and Uses ? :

The aircraft synthetic vision system is an advanced technology that provides pilots with real-time guidance during flights using computer-generated, three-dimensional (3D) visuals. It offers a comprehensive view of the external surroundings, incorporating a database of crucial data pertaining to the terrain, flight plan information, and runways. The aircraft synthetic vision system improves pilot situational awareness, particularly in low-visibility conditions, through the implementation of features such as moving maps, artificial vision, and route planning hardware and software. By utilizing this system, the chances of accidents resulting from loss of control, runway incursion, and Controlled Flight into Terrain (CFIT) incidents can be significantly reduced. Consequently, aircraft synthetic vision system finds extensive applications in the civil, military, and general aviation sector across the globe.

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Who are the key Players Operating in the Industry ? :

• 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

What are the Growth Prospects and Trends in the Aircraft Synthetic Vision System Industry ? :

The aircraft synthetic vision system market is primarily driven by the escalating incidents of Controlled Flight into Terrain (CFIT) or accidental scenarios in which an aircraft, under the pilot's control, unintentionally collides with obstacles, including water bodies, mountains, or the ground. Additionally, the growing emphasis on enhancing safety measures in commercial and other aviation segments is further catalyzing the demand for this product. Besides this, the increasing volume of air traffic that necessitates highly efficient flight safety mechanisms is acting as another significant growth-inducing factor.

Moreover, the introduction of unmanned aerial vehicles (UAVs) that require aircraft synthetic vision systems for accurate projections and precise navigation, particularly in challenging environmental conditions, is also positively influencing the global market. Apart from this, the elevating construction of new airports in developing countries and the implementation of strict government regulations pertaining to 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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