Industry Background:
Synthetic vision is a computer-generated image of the external scene topography relative to the aircraft that is derived from aircraft attitude, high-precision navigation solution, and database of terrain, obstacles, and relevant cultural features. An SVS is an electronic means to display a synthetic vision image of the external scene topography to the flight crew. Synthetic vision creates an image relative to terrain and airport within the limits of the navigation source capabilities (position, altitude, heading, track, and the database limitations). These synthetic vision system features translate to the increased operational capability of the aircraft at various weather conditions and reduce the chances of accidents.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aspen Avionics, Inc. (United States), Avidyne Corporation (United States), Cobham plc (United Kingdom), Elbit Systems Ltd. (Israel), ForeFlight, LLC (United States), Garmin Ltd. (United States), Honeywell International Inc. (United States), L3 Technologies Inc. (United States), Thales SA (France) and United Technologies Corporation (United States) |
This growth is primarily driven by Growing Demand for Synthetic Surveillance Systems and Increasing Procurement of Newer Generation Aircraft.
Globally, a noticeable market trend is evident Utilization of SVS in Military Aircraft, and Rotorcraft Major Manufacturers, such as Aspen Avionics, Inc. (United States), Avidyne Corporation (United States), Cobham plc (United Kingdom), Elbit Systems Ltd. (Israel), ForeFlight, LLC (United States), Garmin Ltd. (United States), Honeywell International Inc. (United States), L3 Technologies Inc. (United States), Thales SA (France) and United Technologies 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. The global aircraft synthetic vision system market is consolidated as fewer players are developing the technology and manufacturing system, and has captured the market. As synthetic vision systems become more mainstream, players in the market are enhancing their products to appeal to a large range of customers. Along with general aviation operators, key targets of the players include the commercial aviation and rotorcraft markets.
Key Developments in the Market:
In February 2021, AeroVironment, Inc., a prominent player in unmanned aircraft systems (UAS) worldwide, acquired Progeny Systems Corporation's Intelligent Systems Group (ISG). Progeny ISG is renowned for its expertise in developing artificial intelligence-powered computer vision, machine learning, and perceptive autonomy technologies. It also offers related services to government clients in the United States. This acquisition marks a major step forward for AeroVironment, as it greatly accelerates the company's progress in advancing autonomy capabilities for its expanding range of intelligent, multi-domain robotic systems.
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.
Regulatory Insights:
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.
Influencing Trend:
Utilization of SVS in Military Aircraft, and Rotorcraft
Market Growth Drivers:
Growing Demand for Synthetic Surveillance Systems and Increasing Procurement of Newer Generation Aircraft
Restraints:
New Aircraft With In-built Synthetic Surveillance Systems
Opportunities:
Increasing R&D Investments in Aircraft Synthetic Vision Systems and Incorporation of More Advanced and Innovative Technology in Existing 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 Manufacturers 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 Aircraft Synthetic Vision Systems Market
- Analysis about New Entrants in Aircraft Synthetic Vision Systems 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, Aircraft Synthetic Vision Systems Study Sheds Light on
The Aircraft Synthetic Vision Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Synthetic Vision Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Synthetic Vision Systems 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 Manufacturers 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.