The global aircraft synthetic vision systems market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for innovative aircraft as part of the modernization and expansion programs for military and general aviation applications.
A synthetic vision system is an aircraft establishment that consolidates three-dimensional information into natural showcases to give advanced situational attention to flight teams. The system works with a diminished pilot responsibility during complex circumstances. SVS combines a high-resolution display with data sets of landscape and obstruction information, aeronautical data, information from other aircrafts, and GPS to show pilots to showcase nearby region.
SVS shows a model of the present reality, introducing data to the flight group in a manner that is straightforward and quickly absorbed. The image introduced on the SVS display replaces regular sky and ground portrayal to incorporate a 3D portrayal of the outer climate with details of the territory, obstructions, climate, the approach path, runway, and aerodrome moving regions.
Market Trends, Drivers, Restraints, and Opportunities
- Growing number of airports along with the application of strict government guidelines concerning with passenger security is anticipated to spur the growth of the market.
- Increasing occurrence of unintentional collision with terrain is estimated to propel the market growth.
- High cost associated with the deployment of aircraft synthetic vision system is projected to restrain the market growth.
- Constant safety improvements in commercial and other types of aviation aircrafts can contribute to the growth of the market.
- The introduction of unmanned aerial vehicles has enhanced the utilization of aircraft SVS as they require accurate projections for correct navigation. Thus, such innovations can create lucrative opportunities for the market growth.
Scope of the Report
The report on the global aircraft synthetic vision systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aircraft Synthetic Vision Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Display Systems (Navigation Display, Primary Flight Display, Heads-up & Helmet-mounted Display Systems, and Others), Applications (Military, Commercial, and General Aviation)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Collins Aerospace; Thales Group; Garmin Ltd.; Cobham Limited; and Honeywell International Inc.
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Aircraft Synthetic Vision Systems Market Segment Insights
Heads-up & helmet-mounted display systems segment to hold a major market share
In terms of display systems, the market is segregated into navigation display, primary flight display, heads-up & helmet-mounted display systems, and others. The heads-up & helmet-mounted display systems segment is projected to expand at a considerable CAGR during the forecast period. Helmet-mounted display systems grant the pilot to just point his head at an article, assign it to weapon, and shoot.
Military segment to account a significant market share
On the basis of applications, the market is classified as military, commercial, and general aviation. The military segment is anticipated to grow at a rapid pace during forecast period due to rising international tension among rival countries, which has encouraged the requirement for the acceptance of advanced military resources. The ensuing expansion in defense expenditure targets to speed up progressing and new acquisition programs for new generation stages. The new-age military airplane highlight best in class synthetic vision systems that empower the pilot to have 360-degree situational alertness and the interest for new-age military airplane is relied upon to encourage an equal interest for synthetic vision systems.
The market of North America is anticipated to exhibit a high CAGR
Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period due to maturity in the region about the aerospace industry and powerful support by a strong aviation base. Higher air traffic has brought acquisition of few airplanes by the regional and global aircraft administrators in the region. Factors such as political stability, availability of raw materials, and low production costs have focused on the establishment of new aerospace manufacturing services in the region.
Segments
The global aircraft synthetic vision systems market is segmented on the basis of:
Display Systems
- Navigation Display
- Primary Flight Display
- Heads-up & Helmet-mounted Display Systems
- Others
Applications
- Military
- Commercial
- General Aviation
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The key players competing in the aircraft synthetic vision systems market are Collins Aerospace; Thales Group; Garmin Ltd.; Cobham Limited; and Honeywell International Inc.
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