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Aircraft Synthetic Vision Systems Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4515759
  • Report
  • 97 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Aspen Avionics, Inc.
  • Avidyne Corporation
  • Cobham Plc
  • Elbit Systems Ltd.
  • ENSCO Inc.
  • Garmin Ltd.
  • MORE
Market Overview

Aircraft Synthetic Vision Systems Market is expected to register a CAGR of more than 6% during the forecast period.
  • Growing procurements of newer generation aircraft are generating demand for new aircraft synthetic vision systems. All aircraft utilize the cockpit display systems to acknowledge the pilots regarding various types of information related to flight control and navigation.
  • The research and development investments in the synthetic vision systems are increasing, with many players putting efforts to design and develop new and improved systems.
Key Market Trends

General Aviation Segment to Experience the Highest CAGR During the Forecast Period.

General aviation segment is growing fast, and the operations of business jets have increased primarily in the emerging economies like India, China, Brazil and Russia. Unlike the commercial aircraft operated by the airlines, business and charter jets operate without a schedule and sometimes even in low visibility conditions. Thus, there is a necessity for general aviation aircraft to incorporate more systems that gather flight navigation information. In general aviation, the Synthetic Vision Systems come preinstalled in most of the new aircraft. Shipments of General Aviation are growing constantly. 2,443 general aviation aircraft shipments are done globally in 2018, which was more than a 5% increase compared to that of 2017. Most of the general aviation aircraft now come with synthetic vision systems and the ones that do not come with inbuilt ones are now being upgraded, thereby driving the share of the segment.

Asia Pacific to be the Fastest Growing Segment in the Years to Come

The market is currently high in North America due to the regulations that necessitate the airlines and aircraft owners to deploy these vision systems in their aircraft. Procurements of new aircraft and the presence of a large number of aircraft, which use these systems are another reason for the high market share of North America. The commercial aircraft fleet in the US is around 7400, which is about 2.8% more than that of 2017. Thus the increased number of aircraft in the US is one of the main reasons for the high market share of North America. However, the market has begun to saturate in North America, and the Asia Pacific market is expected to rapidly grow during the forecast period. Countries like China, India, Japan, and South Korea are contributing majorly in this region, with both China and India procuring aircraft on large scale. China estimates that the number of aircraft will surpass 5,000 by 2020 and is expected to become the largest aviation market by 2023. The aviation industry is also growing at a great pace in India, and many aircraft procurement plans are underway in the country. Indian carriers plan to increase their fleet size to 800 aircraft by 2020. On account of all these factors, the Asia-Pacific region, on a whole is projected to show high growth in the foreseeable future.

Competitive Landscape

Major players in the aircraft synthetic vision system market are Cobham Plc, Garmin Ltd., Honeywell International Inc., Thales Group, and Collins Aerospace (United Technologies Corporation). As synthetic vision systems (SVS) become more mainstream, the players in the market are refining their products to appeal to a broader range of customers. Along with general aviation operators, key targets of the players include the rotorcraft and commercial aviation markets. However, for commercial and general aviation, in addition to providing situational awareness, players must also provide the systems keeping in mind the potential for economic returns of using synthetic vision systems. The systems must be such that there will be less need for frequent upgrades and maintenance. This will attract new customers for the players, thereby helping them gain a higher market share.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aspen Avionics, Inc.
  • Avidyne Corporation
  • Cobham Plc
  • Elbit Systems Ltd.
  • ENSCO Inc.
  • Garmin Ltd.
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Commercial
5.1.2 Military
5.1.3 General Aviation
5.2 Display System
5.2.1 Primary Flight Display
5.2.2 Navigation Display
5.2.3 Heads-Up & Helmet Mounted Display
5.2.4 Other Display Systems
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 South Korea
5.3.3.5 Rest of Asia Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Egypt
5.3.5.4 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Cobham Plc
6.4.2 Garmin Ltd.
6.4.3 Honeywell International Inc.
6.4.4 Thales Group
6.4.5 Collins Aerospace (United Technologies Corporation)
6.4.6 Safran
6.4.7 Aspen Avionics, Inc.
6.4.8 Avidyne Corporation
6.4.9 Elbit Systems Ltd.
6.4.10 Mercury Systems, Inc.
6.4.11 Harris Corporation
6.4.12 ENSCO Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Cobham Plc
  • Garmin Ltd.
  • Honeywell International Inc.
  • Thales Group
  • Collins Aerospace (United Technologies Corporation)
  • Safran
  • Aspen Avionics, Inc.
  • Avidyne Corporation
  • Elbit Systems Ltd.
  • Mercury Systems, Inc.
  • Harris Corporation
  • ENSCO Inc.
Note: Product cover images may vary from those shown
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