Enhanced flight vision systems (EFVS or EVS) can improve the situational awareness by using multiple sensors onboard aircraft to provide an enhanced display of the outside environment to the pilot. Market Research Future (MRFR) has published a research report about the global enhanced flight vision systems market that anticipates aggrandizement for this market at 5% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The global enhanced flight vision systems market has been segmented on the basis of component, platform, technology, and lastly, region. The component-based segmentation segments this market into camera, display, sensor, and others. Based on the platform, the market has been segmented into fixed-wing and rotary-wing. On the basis of technology, the market has been segmented into infrared vision, synthetic vision, and others.
The regional segmentation of the global enhanced flight vision systems market segments the market into the regional markets known as North America, Asia Pacific, Europe, Latin America and the Middle East & Africa (MEA). During the forecast period, North America is expected to be the largest regional market due to the technological advancement and the presence of key original component as well as equipment manufacturers. These manufacturers are making investments in research & development (R&D) in order to develop advanced airborne electronics. Therefore, the market is growing in North America. The key country-specific markets in this region are the USA and Canada.
However, the Asia Pacific region is expected to be the fastest growing regional Enhanced Vision Systems Market Covid 19 during the forecast period due to countries like China and India because in these countries focus on achieving reliable airline operations is growing along with demand for private and business jets. Another noteworthy country-specific market in this region is Japan, followed by the remaining countries of the Asia Pacific region.
In Europe, the market has been estimated to grow as most people prefer air travel in this region. In this region, the market can grow due to technological advancement that is second only to North America. The critical country-specific markets in this region are France, Germany, Russia, and the UK, followed by remaining countries of Europe.
Latin America is a smaller market because the availability of advanced technology is limited in this region. Argentina and Brazil are two vibrant economies that have the potential to rise as lucrative markets in the future. In the MEA region, despite the high demand, the market is small due to poor countries, lack of education, lack of awareness, lack of skilled labor, and lack of technological advancement.
The key players in the global enhanced flight vision systems market include Elbit Systems Ltd. (Israel), Honeywell International Inc. (USA), L-3 Communications Holdings Inc. (USA), Thales Group (France), and United Technologies Corporation (USA).
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