Global Enhanced Vision System Market
Global Enhanced Vision System Market size was US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during forecast period. North America and Europe are the major regions in the global enhanced vision system market, which together contribute over 50% of the revenue in the global market.
Market DefinitionEnhanced vision system (EVS) is an electronic system which is used on aircrafts, spacecrafts and artificial satellites. EVS provides an image of the scene and displays it to the pilot or navigator. This provided image by EVS is better than unaided human vision, which increases pilot’s visibility during different weather conditions.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Market DynamicsGrowing demand of aircrafts with advanced technological innovations is the major driving factor behind the growth of market. Increasing requirement of enhanced aircraft safety in limited visibility environment such as in rain, fog, snow and haze is ultimately leading to the growth of market. Furthermore, improved situational awareness and safety, reliable flight operations and smaller airports with inadequate infrastructure are expected to improve the market growth.However, high cost of EVS technology is the major restrain factor that could hamper the growth of market. Also industrial regulations and lack of awareness of EVS among aircraft operators could hinder the growth of market.Global Enhanced Vision System Market: Segmentation AnalysisBy technology, millimeter wave radar (MMW) segment dominated the market in 2018 and is expected to maintain its dominance during forecast period. Millimeter wave gives safe navigation and reliable vision. MMW offers better resolution and they penetrate fog, smoke, and other obscurants much better than infrared sensors, which leads to the growth of market. Furthermore, passive MMW camera is capable of producing real time video image. The first commercially available passive millimeter wave camera for use in aircraft was created by Vu Systems and launched at the National Business Aviation Association (NBAA) conference in October 2019.By component, sensor, camera and display segments dominated the market in 2018 and it is expected that display segment will witness fast growth at CAGR of XX% during forecast period. This is owing to the rapid adoption of navigation sensors and advanced display units in aircraft system. Enhanced GPS navigating sensors can provide the 3D location of the aircraft with accuracy of a 10 cm. Also high adoption of head up display technology in aircraft and spacecrafts is driving the growth of market. It allows user both seeing the scene directly with unaided vision and seeing a projected image. The head up display system is designed with a Liquid-Crystal Display (LCD) technology projector with Light-Emitting Diode (LED) backlights.Global Enhanced Vision System Market: Regional AnalysisRegion wise, North America held the largest market share in 2018 and is expected to grow at CAGR of XX% during forecast period. The US and Canada are dominate the EVS market in the region. The rapid growth of aerospace sector along with safety regulations is driving the growth of market across the developed country like the US. Also presence of governmental body such as Federal Aviation Administration is propelling the growth of market.In June 2019, Gulfstream Aerospace Corp. announced its Gulfstream G650ER as well as the G650, G550 and G450 have U.S. Federal Aviation Administration (FAA) approval for touchdown and rollout using an enhanced flight vision system (EFVS). Rockwell Collins's conformal overlay of EVS and SVS is expected to enter service with the updated Global 5500/6500 around 2020.The objective of the report is to present a comprehensive analysis of the Global Enhanced Vision System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Enhanced Vision System Market dynamics, structure by analyzing the market segments and projects the Global Enhanced Vision System Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Enhanced Vision System Market make the report investor’s guide.
