Market Overview:
The global enhanced vision system market is showing a proper growth opportunity where it can surpass USD 262 million valuation with 4% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) identified several factors like the rising need for better situational awareness, hike in defense budgets to bolster the inclusion of such technologies, advancement in tools, better investment in research and development, and others. However, it is difficult to get approvals from authorities and change the conventional systems to clear a path for better integration.
Market Segmentation:
The market for an enhanced vision system has been segmented into three types by experts for a better understanding of dynamics. These are components, technology, and platform.
By component, the global report studying the enhanced vision system market has been segmented into camera, display, processing unit, control electronics, and sensors. The sensors segment is getting boosted by advanced research works.
By technology, the enhanced vision system market gets studied by analysts based on reports with details of infrared, millimeter-wave radar, a global positioning system (GPS), and synthetic vision. The GPS segment is getting support from several quarters for its ability to guide people. The millimeter-wave radar segment has a chance to outshine its peers.
By platform, the report on the enhanced vision system market includes a study of fixed-wing and rotary-wing.
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Key Players:
Elbit Systems Ltd. (Israel), Astronics Corporation (U.S.), Honeywell International, Inc. (U.S.), Esterline Technologies Corporation (U.S.), Opgal (Israel), Rockwell Collins, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), MBDA (U.K.), United Technologies Corporation (U.S.), Thales Group (France), are some of the prominent names associated with the global enhanced vision system market.
Introduction:
In today's fast-paced world, safety and efficiency have become paramount in various industries. One such industry that is continuously striving to enhance these aspects is aviation. Enhanced Vision Systems (EVS) have emerged as a revolutionary technology, providing pilots with improved visibility, situational awareness, and operational capabilities. The EVS market is witnessing remarkable growth, thanks to advancements in technology and increasing investments in the aviation sector. In this blog post, we will delve into the key insights from a market research report by Market Research Future (MRFR) on the growing market for Enhanced Vision Systems.
Factors Driving Market Growth:
- Safety Enhancement: Enhanced Vision Systems provide pilots with real-time imaging, which enhances their ability to detect potential hazards such as obstacles, terrain, and inclement weather conditions. This improved situational awareness enables pilots to make better decisions and respond promptly to mitigate risks, thereby ensuring the safety of passengers and crew.
- Operational Efficiency: EVS technologies facilitate operations in adverse weather conditions, low-visibility environments, and during night-time flights. With EVS, pilots can navigate with greater precision and confidence, reducing the risk of delays and cancellations due to poor visibility. The enhanced operational efficiency not only improves customer satisfaction but also optimizes fuel consumption and reduces maintenance costs.
- Regulatory Support: Governments and aviation regulatory bodies across the globe are emphasizing the integration of advanced technologies, including EVS, into aircraft systems. The Federal Aviation Administration (FAA) in the United States, for example, has encouraged the use of Enhanced Vision Systems as part of its NextGen program. This regulatory support is creating a favorable environment for the growth of the EVS market.
- Technological Advancements: Rapid advancements in sensor technologies, image processing algorithms, and display systems are driving the evolution of Enhanced Vision Systems. These advancements have led to the development of lightweight, compact, and high-resolution cameras and display units, making EVS more accessible to various types of aircraft.
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Conclusion:
Enhanced Vision Systems are revolutionizing the aviation industry by providing pilots with advanced imaging capabilities, enhancing safety, and improving operational efficiency. With the continuous advancement in technology and supportive government regulations, the global EVS market is poised for significant growth. The market research report by MRFR provides valuable insights into this growing market, highlighting the key drivers, market segmentation, and regional trends. As the aviation industry embraces the potential of Enhanced Vision Systems, we can anticipate a safer and more efficient future for air travel.
