Industry Background:
The enhanced vision system is termed as a stand-alone thermal imaging camera which sees infrared energy emitting, or radiating, from the objects and forms a real-time video image which is then displayed on an MFD or also on a dedicated video display screen. The primary benefits of the systems are to improve the situational awareness. During the night, an EVS eliminates visual effects of the darkness, turning it into a day on the display, which enables the pilot to see and avoid the clouds at night. While during the day, the system enables a pilot to see through the smoke, smog, and haze. At present, in the developed countries, the industry of the Enhanced Vision System (EVS) is normally at a more advanced level. There are some factors which are driving the market of enhanced vision systems they are Aircraft safety, reliable operations at low visibility and situational awareness. Whereas, investment of high amount and lengthy process of clearance for upgradation of components act as a major restraint for the market of enhanced vision systems
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell International, Inc. (United States), United Technologies Corporation (United States), L-3 Communications Holdings, Inc. (United States), Thales Group (France), Elbit Systems Ltd. (Israel), Rockwell Collins, Inc. (United States), Esterline Technologies Corporation (United States), Astronics Corporation (United States), Dassault Falcon Jets Corp. (United States) and Gulfstream Aerospace Corporation (United States) |
According to AMA, the market for Enhanced Vision System is expected to register a CAGR of 2.3% during the forecast period to 2030. This growth is primarily driven by Improved Safety and Situational Awareness, Reliable Operations at Poor Visibility and Inadequate Infrastructure in Smaller Airports.
Globally, a noticeable market trend is evident Advancements in Existing Technologies Major Players, such as Honeywell International, Inc. (United States), United Technologies Corporation (United States), L-3 Communications Holdings, Inc. (United States), Thales Group (France), Elbit Systems Ltd. (Israel), Rockwell Collins, Inc. (United States), Esterline Technologies Corporation (United States), Astronics Corporation (United States), Dassault Falcon Jets Corp. (United States) and Gulfstream Aerospace Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June , 2023 Honeywell has reached an agreement with Saab, a Swedish aerospace and defense company, to acquire its heads-up-display (HUD) assets for use in a variety of Honeywell avionics offerings. As part of the acquisition agreement, Saab will partner with Honeywell to develop and strengthen its HUD product line. HUDs give pilots increased situational awareness, especially at night or in difficult weather conditions. Passengers will also enjoy safer and more fuel-efficient flights, while more often reaching their destinations on time.
In December 2023 Honeywell has launched project OperA, one of the two Honeywell-led projects to be awarded through the latest round of funding from the European Union’s SESAR 3 Joint Undertaking. The work will take place at Honeywell’s international development center in Brno, Czech Republic.
Influencing Trend:
Advancements in Existing Technologies
Market Growth Drivers:
Improved Safety and Situational Awareness, Reliable Operations at Poor Visibility and Inadequate Infrastructure in Smaller Airports
Challenges:
Create Awareness of EVS Among Aircraft Operators
Restraints:
Industry Regulations and High Cost of Technology
Opportunities:
Retrofit and Aftermarket and Standard Fit for Business Jets and Operational Efficiency for Aircraft
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Enhanced Vision System Market
- Analysis about New Entrants in Enhanced Vision System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Enhanced Vision System Study Sheds Light on
The Enhanced Vision System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Enhanced Vision System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enhanced Vision System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.