COVID-19 Impact on Enhanced Flight Vision Systems Market Projected to grow at a CAGR of 5% by Forecast to 2023

COVID-19 Impact on Enhanced Flight Vision Systems Market Global by Technology (Infrared, Synthetic Vision, and Others), Component (Display, Camera, Sensor, and Others), Platform

Market Overview

Global COVID-19 Impact on Enhanced Flight Vision Systems Market witnesses a constant rise. The market growth attributes to the increasing emphasis on flight safety and the advancement made in pilot assistance technologies. Enhanced flight vision systems help to increase situational awareness, providing a natural & intuitive view of the external environment in low-visibility conditions.

global enhanced flight vision systems market is poised to grow at an impressive CAGR throughout the forecast period (2020-2023). Although initially developed for military aircraft, improved flight vision systems are widely being used in commercial and business aircraft. Today, business aircraft are the largest end-users of this technology, ensuring aviation safety. Besides, growing demand for systems for reliable flight operations impacts market growth positively.

These systems increase the aircraft’s operational capability in adverse weather conditions and night and reduce the chances of accidents. Hence regulatory authorities mandate the inclusion of enhanced flight vision systems for the aircraft industry. Therefore, the demand for advanced vision systems has grown significantly. Also, airports have exclusive approaches regarding the inclusion of these systems to improve low-visibility capability and avoid huge airport expansion work.

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Additionally, the need for better situational awareness and rise in demand for better and high definition displays boost market growth. Rapid advancements in navigation and vision technologies and regulatory changes influence market growth, making these systems more common in cockpits. Rising numbers of OEMs and avionics suppliers increase the size of the market, improving the accessibility and availability of enhanced flight vision systems.

 Competitive Landscape

Highly competitive, the COVID-19 Impact on Enhanced Flight Vision Systems Market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch. Strategic alliances between these players support the growth and expansion plans of these players.

Technology providers use improvement strategies to update and analyze the software and its implementation to meet consumers’ changing requirements. They develop an entrenched infrastructure that can allow the seamless application of technologies. Given immense revenue generation opportunities of the market, new entrants are increasingly getting attracted only to find it further challenging to survive with the latest technologies.

Players leading the Global COVID-19 Impact on Enhanced Flight Vision Systems Market include United Technologies Corporation (US), Honeywell International, Inc. (US), L-3 Communications Holdings, Inc. (US), Elbit Systems Ltd. (Israel), and Thales Group (France), among others.

Industry/ Innovation/ Related News

February 12, 2020 – Vu Systems LLC (the US), a leading manufacturer of search and navigation equipment, announced that its VuCube system has been selected by a Swedish aerospace and defense company – Saab AB for its enhanced vision technology needs. The VuCube system uses millimeter wave sensors and a terrain database to provide enhanced flight vision avionics aboard aviation and aircraft businesses.

Market Segmentations

The report is segmented into four dynamics; 

By Technology: Infrared, Synthetic Vision, and others.

By Component: Display, Camera, Sensor, and others.

By Platform: Fixed-Wing and Rotary-Wing.

By Regions: Americas, Europe, Asia Pacific, and the Rest-of-the-World (RoW).

Regional Analysis

North America dominates the global enhanced flight vision systems market. The largest market share attributes to the increasing focus on aviation safety and the presence of several original component and equipment manufacturers (OEMs). Besides, significant R&D investments by these industry players for developing advanced airborne electronics drive the growth of the regional market.

North America is a huge aviation market with several operational aircraft, business jets, commercial aircraft, GA aircraft, helicopters, and UAVs. And the US is the largest avionics market in the region. Besides, NASA, with its increasing aviation research and focus on aviation safety, pose the US as a hub for flight vision technologies. Moreover, the growing adoption of vision technologies such as synthetic vision systems in modern CFIT aircraft system to reduce incidents of accidents boosts the regional market growth.  

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Europe stands second in the global enhanced flight vision systems market. The market is majorly driven by the presence of leading players and substantial technology upgrades made by them.  Besides, increasing R&D investments and product developments of various vision technologies foster the growth of the regional market. Moreover, the rise in demand for new aircraft and focus on ensuring aviation safety is a key driver for the regional market growth. The European enhanced flight vision systems market is expected to witness a spectacular growth during the review period.

The Asia Pacific region is an emerging market for enhanced flight vision systems. The presence of many OEMs and avionics suppliers, alongside the augmenting demand for private and commercial jets in the region, drives the market growth. These OEMs and avionics suppliers offer the retrofit option for the enhanced vision systems, increasing the availability of HUDs and their functionality. Additionally, some of the major synthetic vision technology providers in the region contribute to the regional market growth.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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