Federal Aviation Administration has rolled out the advisory circular for EFVS. Specifically, it provides one acceptable means for complying with Title 14 of the Code of Federal Regulations (14 CFR) part 23, 25, 27, or 29 airworthiness regulations when installing a synthetic vision system (SVS), enhanced vision system (EVS), combined vision system (CVS), or enhanced flight vision system (EFVS) in an airplane or rotorcraft.
According to the report, Utilization of SVS in Military Aircraft, and Rotorcraft is one of the primary growth factors for the market. Growing Demand for Synthetic Surveillance Systems and Increasing Procurement of Newer Generation Aircraft is also expected to contribute significantly to the Aircraft Synthetic Vision Systems market. Overall, Commercial
applications of Aircraft Synthetic Vision Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Aircraft Type, such as Fixed-Wing, is boosting the Aircraft Synthetic Vision Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Aircraft Synthetic Vision Systems market identified that the demand is rising in many different parts of the world as "Increasing R&D Investments in Aircraft Synthetic Vision Systems
". Furthermore, some recent industry insights like "In June 2023, Pratt & Whitney, the subsidiary of Raytheon Technologies responsible for designing and manufacturing aircraft engines, introduced Percept, an innovative AI-powered tool for analyzing aircraft engines. Developed in partnership with the Indian startup Awiros, this state-of-the-art tool utilizes Awiros' Video Intelligence Operating System (OS) to enhance engine inspections with a touch of enchantment." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Aircraft Synthetic Vision Systems market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aircraft Synthetic Vision Systems market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Aircraft Synthetic Vision Systems market size is calculated using market estimation process, the Aircraft Synthetic Vision Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aircraft Synthetic Vision Systems market size has been validated using both top-down and bottom-up approaches.