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Enhanced Vision System - Global Market Trajectory & Analytics

  • ID: 4804838
  • Report
  • April 2021
  • Region: Global
  • 230 pages
  • Global Industry Analysts, Inc
Global Enhanced Vision System Market to Reach $294.8 Million by 2027

Amid the COVID-19 crisis, the global market for Enhanced Vision System estimated at US$223.1 Million in the year 2020, is projected to reach a revised size of US$294.8 Million by 2027, growing at a CAGR of 4.1% over the analysis period 2020-2027. Infrared, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$74 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Vision Systems segment is readjusted to a revised 3.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $65.6 Million, While China is Forecast to Grow at 3.9% CAGR

The Enhanced Vision System market in the U.S. is estimated at US$65.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$52.6 Million by the year 2027 trailing a CAGR of 3.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Global Positioning System Segment to Record 3.9% CAGR

In the global Global Positioning System segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$35.8 Million in the year 2020 will reach a projected size of US$47 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$33.1 Million by the year 2027.

Select Competitors (Total 41 Featured):
  • Astronics Corporation
  • Elbit Systems Ltd.
  • Esterline Technologies Corporation
  • Honeywell International, Inc.
  • L-3 Communications Holdings, Inc.
  • MBDA France
  • Opgal Optronic Industries Ltd.
  • Rockwell Collins, Inc.
  • Thales Group
  • United Technologies Corporation (UTC)
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Enhanced Vision System Market: An Overview
  • Continuous Innovation to Sustain Market Demand
  • Necessity for Improved Safety Augur well for the Market Growth
  • Introduction of Technologically Advanced Aircraft Systems to Bode well for the Market
  • Increased Need for Reliable Operations at Poor Visibility Drive Market Growth
  • Smaller Airport Equipped with Inadequate Infrastructure to Propel Market Growth
  • With Several Benefits Associated with Installing Enhanced Vision System, Demand for Enhanced Vision System to Propel
  • Increased Opportunities from Airline Aftermarket to Bode Well for Market Demand
  • Partnership Deals Offer Extended Opportunities for the Market
  • Introduction of Innovative Enhanced Vision Systems: A Growth Driver
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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