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The Enhanced Vision System Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Enhanced Vision System is the increasing demand for Enhanced Vision System in various industries.
This report on the Enhanced Vision System Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Enhanced Vision System Market. The report intends to present a thorough analysis of the Enhanced Vision System Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Enhanced Vision System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating 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
United Technologies Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Enhanced Vision System Market value and growth drivers over the trend period of 2022-27. According to the report -
Enhanced Vision System Market is likely to witness an impressive CAGR of 5.2% during the forecast period. 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.
Segment Analysis:
Based On Technology Type:
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 Region:
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’s 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 instable weather conditions in the region. China and India are the growth engines of the region.
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