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Enhanced Vision System Market by Technology, Component, Platform and Region - Global Forecast to 2021

Enhanced Vision System Market: Global Forecast until 2021

  • December 2016
  • 155 pages
  • ID: 4523637
In this report:
China is expected to account for a share of ##.##% of the Asia- Pacific enhanced vision systems market in 2016, and is projected to grow at a CAGR of ##.##% from 2016 to 2021.
The segment in Asia-Pacific is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at the highest CAGR of ##.##% during the forecast period.

Summary

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"Enhanced vision systems market planned to grow at a compound annual growth rate (CAGR) of 4.32% during the forecast term"

The enhanced vision systems market is forecasted to grow from $202.70M in 2016 to $250.40M by 2021, at a compound annual growth rate of ~4.3 percent during the forecast period. Aircraft safety, situational awareness, and reliable operations at low visibility are factors driving the enhanced vision systems market. Because, high amount of investment and lengthy clearance process for upgradation of components act as some of the main restraints for the enhanced vision systems market. The manufactured components need approval from several authorities, such the U.S. Federal Aviation Administration and International Civil Aviation Organization, before they are installed on board an aircraft. It is also difficult to obtain approval for the replacement of conventional systems onboard the aircraft.

"Millimeter wave radar segment intended to grow at the maximal compound annual growth rate (CAGR) during the outlook period"

Established on technology, the millimeter wave radar segment of the enhanced vision systems market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period. Pilots have to depend on active sensors such as millimeter wave radars for reliable vision and safe navigation. Among all imaging sensors, the most promising one for enhanced vision systems is the MMW radar as it has the lowest weather dependency.

"Display segment forecasted to account for the biggest market share during the outlook period"

Established on component, the display segment is estimated to account for the most important share of the enhanced vision systems market during the estimate period. Display units serve as a screen for graphical representation of data collected from different sensors onboard, and is a crucial component of the enhanced vision systems. This is one of the main factors propelling rise of the display segment.

"North America (NA) expected to account for the biggest share of the market, because Asia-Pac forecasted to grow at the quickest rate during the outlook period"

North America continent is estimated to result the enhanced vision systems market during the estimate period. Regions in this area contain the U.S.A and Canada (CA). The enhanced vision systems market in North America (NA) is influenced by the presence of important number of OCMs, main technological upgradation of existing equipment by key competitors, and the presence of main market actors, including Honeywell (NYSE:HON), United Technologies Corporation (NYSE:UTX), and L-3 Communications Holdings, Incorporated. Because, the Asia-Pac enhanced vision systems market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. This high increase can be accredited to the presence of big OEMs, including HALBIT Avionics Private Limited and Samtel Group, demand for increased safety and reliable airline operations, and fluctuating weather conditions in the territory.

Distribution of profile of primary members taking part for this industry report:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent , Tier 3 - 20.0 percent

- By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

Top players operating in the enhanced vision system market are Honeywell (NYSE:HON), United Technologies Corporation (NYSE:UTX), L-3 Communications Holdings, Incorporated, Thales (HO), and Elbit Systems (NASDAQ:ESLT), among others.

Scope of the Report

The analysis examines the enhanced vision systems market established on technology (infrared, synthetic vision, overall positioning system, and millimeter wave radar), component (sensors, processing unit, control electronics, camera, and display), and platform (fixed wing and rotary wing). It also maps these segments and sub-segments across main regions, that is, North America continent, EU, Asia-pacific, and the rest of the world.

Why acquiring this study can help you:

From an insight prospect, the enhanced vision systems market report highlights on several levels of analysis - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on opposing landscape, high-growth areas, and territories, and their specific regulatory policies, drivers, industry restraints, and possibilities.

The enhanced vision systems market report offers business insights on these pointers:

- Business entry: Comprehensive mapping of competitive landscape and participants' behavior in the enhanced vision systems market

- Market Sizing: Market value in both, financial year 2014-2015, and between 2016 and 2021

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the enhanced vision systems market

- Market Overview: Market forces and subsequent study of associated trends, drivers, market restraints, and alternatives prevailing in the enhanced vision systems market

- Industry development: Highlighted information about lucrative industries by analyzing sectors for enhanced vision systems across several areas

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the enhanced vision systems market

- Regional Review: Factors influencing the market shares of North America, Europe (EU), Asia Pacific (APAC), and rest of the world

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of leading market actors

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