Enhanced Vision System Market Growth Analysis | 2023-2028

Market Insights

The enhanced vision system market was estimated at USD 221.18 million in 2022 and is likely to grow at a CAGR of 5.07% during 2023-2028 to reach USD 298.52 million in 2028.

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What is an enhanced vision system?

The enhanced vision system is a system that makes use of the information from the sensors of the aircraft for providing vision in environments with limited visibility.

The enhanced vision system is based on a number of technologies such as infrared, synthetic vision, global positioning system, and millimeter-wave radar. Displays, cameras, processing units, sensors, and control electronics are the components used in an enhanced vision system.

Market Dynamics

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.
• Reliable operations at low visibility.

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Segments' Analysis

By 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.

By Component Type

Based on the component type, the market is segmented as displays, cameras, processing unit, sensors, and control electronics. The display segment is expected to account for the largest share of the market in the coming five years. A display unit is a crucial component of the enhanced vision system and serves as a screen to graphically represent data collected from various sensors onboard an aircraft. This is one of the major factors fuelling the growth of this segment.

Regional Insights

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 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 unstable weather conditions in the region. China and India are the growth engines of the region.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The enhanced vision system market is segmented into the following categories.

By Technology Type

• Infrared
• Synthetic Vision
• Global Positioning System
• Millimeter Wave Radar

By Component Type

• Displays
• Cameras
• Processing Unit
• Sensors
• Control Electronics

By Platform Type

• Fixed Wing 
• (Platform Type Analysis: Commercial Jets, Fighter Jets, and Business Jets)
• Rotary Wing 
• (Platform Type Analysis: Commercial Helicopters and Military Helicopters)

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the 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

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the technology types by platform type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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