Global Enhanced Vision System Market: Manufacturers Focus on Developing Newer Products to Bolster Positions, says TMR
Albany, New York, Dec. 07, 2018 (GLOBE NEWSWIRE) — The global enhanced vision system market is expected to grow at a thriving pace as many of the savvy players are investing in various R&D activities. Key players are also expanding their product portfolio by introducing innovative products that are at par with industry standards. Several companies are even resorting on strategic acquisitions to increase their customer base and survive the competition. United Technologies Corp., Honeywell International Inc., Rockwell Collins Inc., FLIR Systems Inc., and HCL Embraer SA are some of the prominent players operating in the enhanced vision system market.
The global enhanced vision system market was valued at US$211.1 million in 2013 and is estimated to reach US$312.4 million by the end of 2025. The global market is anticipated to exhibit a robust CAGR of 4.4% during the forecast period.
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Enhanced Aircraft Safety to Increase Adoption
The enhanced vision system market is likely to grow on the back of increasing demand for aircraft in developing countries. Furthermore, technological improvements are expected to impact the market positively directly. Also, the use of both passive and active sensors in the enhanced vision system has augmented the performance and functionalities of the aircraft. The other advantage of this system is to get a detailed view of the terrain. In addition to this, it also receives insights on hindrances that may cause danger to the aircraft. The policies and regulations implemented by the aerospace industry demands the aircraft be well equipped with an advanced vision system. This further ensures the safety of passenger and pilot. All the above factors mentioned are estimated to fuel the demand for enhanced vision system throughout the forecast period. The aerospace industry concerning advancements is growing as per impressive interiors, operational efficiency, and high-end vision system. Owing to these features, the enhanced vision system is accepted widely across the defense and aerospace industry. This further results in driving the market at a global level.
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Atmospheric and Energy source Conditions may Hinder the Market Growth
The quality of enhanced vision image is highly dependent on atmospheric conditions. Also, the performance level may depend on energy source conditions. These factors may restrict the growth of enhanced vision system market globally to some extent.
The information presented in this review is based on a Transparency Market Research report, titled, “Enhanced Vision System Market (System – Synthetic Vision System and Enhanced Vision System; Component – Sensors, Camera, and Display Screen; Application – Aerospace & Defense) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
View Report TOC – https://www.transparencymarketresearch.com/report-toc/19076
Key segments of the Global Enhanced Vision System Market are as presented:
Enhanced Vision System Market, by System:
- Synthetic Vision System
- Enhanced Vision System
Enhanced Vision System Market, by Component:
- Display Screen
Enhanced Vision System Market, by Application:
- Aerospace & Defense
Enhanced Vision System Market, by Geography:
- North America
- The U.K
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
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