Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 273.84 Million | USD 412.6 Million | 4.66% | 2023 |
According to the report published by Zion Market Research, the global Enhanced Vision System Market size was valued at USD 273.84 Million in 2023 and is predicted to reach USD 412.6 Million by the end of 2032. The market is expected to grow with a CAGR of 4.66% during the forecast period. The report analyzes the global Enhanced Vision System Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Enhanced Vision System industry.
Enhanced vision systems aid in providing an exhaustive view of the terrain and surveillance different obstacles that may negatively impact the safety of the aircraft. Enhanced vision comprises technology that includes data from sensors based on aircraft that present real-time electronic images of the exterior surroundings obtained with the help of image sensors. This aids the pilot and the flight crew members with an enhanced image of the terrain derived from sensor also at the extremely low light. These images are produced by capturing and monitoring infrared energy that is radiated from objects; this forms a real-time video image, which is presented on a particular video display screen.
High demand for aircraft with technological advancements from developing countries as compared to the developed economies is anticipated to boost the global enhanced vision system market. Furthermore, the technological advancements directly impacts the enhanced vision systems market growth in a positive way. In addition, both passive and active sensors utilized in enhanced vision system have proved to be the majors boosting the functionalities and performance of the aircraft. Infrared sensors having enough thermal scene contrast helps them capture proper image of different recognized patterns and shapes by the pilot through infrared image. All these factors are anticipated to propel the global enhanced vision system market in the near future. The level of performance of enhanced vision sensor and the quality of enhanced vision image chiefly depends on the various energy source conditions (non-visible or visible) along with atmospheric conditions that can be. All the factors may hamper the growth of the global enhanced vision system market to some extent.
The global enhanced vision system market is segmented based on system, component, and application.
On the basis of the system, the global market is segmented as enhanced vision system and synthetic vision system.
Based on the component, the global enhanced vision system market is segmented as a display screen, camera, and sensors.
Further, on the basis of application, the global market is segmented as aerospace and defense.
Report Attributes | Report Details |
---|---|
Report Name | Enhanced Vision System Market |
Market Size in 2023 | USD 273.84 Million |
Market Forecast in 2032 | USD 412.6 Million |
Growth Rate | CAGR of 4.66% |
Number of Pages | 198 |
Key Companies Covered | United Technologies Corporation, Honeywell International Inc., Rockwell Collins Inc., FLIR Systems Inc., and Astronics Corporation. Other key players dominating the global market are Thales Group, HCL Embraer SA, Safran, and Elbit Systems Ltd |
Segments Covered | By system, By component, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe and North America are the major players in the global enhanced vision system market together contributing over 50% of the revenue in the global market. The aerospace sector growth, as well as regulations that demand aerospace companies supply enhanced vision systems in both rotary and fixed wings aircraft, are the major factors boosting the global market growth. Moreover, Latin America and Asia Pacific are other prominent regions contributing a considerable share to the global enhanced vision system market growth.
Some of the major players in the global enhanced vision system market are:
Other key players dominating the global market are Thales Group, HCL Embraer SA, Safran, and Elbit Systems Ltd.
The Global Enhanced Vision System Market is segmented as follows:
By system
By component
By application
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