Global Synthetic Vision System Market, By Component (Displays, Cameras, Processing Unit, Sensors, Control Electronics), Platform (Fixed Wing, Rotary Wing), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Synthetic Vision System Market
Synthetic vision system market is expected to reach USD 316.27 million by 2028 witnessing market growth at a rate of 4.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on synthetic vision system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
A synthetic vision system (SVS) is a computer-mediated aerial vehicle reality system that uses 3D to provide pilots with simple and intuitive ways to perceive their flying environment. Synthetic vision provides operators with situational knowledge through the use of landscape, obstacle, geo-political, hydrological and other databases. A collection of databases stored on board the aircraft, an image generator computer, and a monitor are used for a standard SVS programme. Navigation solution is obtained through the use of GPS and inertial reference systems.
Increasing reliable operations at poor visibility, increasing requirement of enhanced aircraft safety in limited visibility environment such as in rain, fog, snow and haze, growing demand of aircrafts with advanced technological innovations, prevalence of smaller airports with inadequate infrastructure, increasing preferences of the consumer regarding safety and situational awareness are some of the major as well as vital factors which will likely to augment the growth of the synthetic vision system market in the projected timeframe of 2021-2028. On the other hand, increasing growth of the retrofit and aftermarkets along with increasing demand of standard fit for business jets and operational efficiency for aircraft which will further contribute by generating massive opportunities that will lead to the growth of the synthetic vision system market in the above mentioned projected timeframe.
Increasing cost of technology along with growing number of industry regulations which will likely to act as market restraints factor for the growth of the synthetic vision system in the above mentioned projected timeframe. Increasing need to create awareness among the aircraft operators which will become the biggest and foremost challenge for the growth of the market.
This synthetic vision system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on synthetic vision system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Synthetic Vision System Market Scope and Market Size
Synthetic vision system market is segmented on the basis of component and platform. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Synthetic vision system market on the basis of component has been segmented as displays, cameras, processing unit, sensors, and control electronics. Displays segment will hold the largest share in the growth of the market as the display unit serves as a screen for graphical representation of data collected from various sensors on-board an aircraft.
- On the basis of platform, the synthetic vision system market has been segmented into fixed wing, and rotary wing. Fixed wing has been further segmented into commercial jets, fighter jets, and business jets. Rotary wing has been further segmented into commercial helicopters, and military helicopters.
Synthetic Vision System Market Country Level Analysis
Synthetic vision system market is analysed and market size, volume information is provided by country, component and platform as referenced above.
The countries covered in the synthetic vision system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the synthetic vision system market due to the prevalence of various market players along with demand for increased safety and reliable airline operations, and fluctuating weather conditions in the region while Asia-Pacific region will expect to grow in the synthetic vision system market during the forecast period of 2021-2028 due to the surging levels of investment for the growth of the aerospace industry along with rising safety concern among the consumers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Vision System Market Share Analysis
Synthetic vision system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to synthetic vision system market.
The major players covered in the synthetic vision system market report are Honeywell International Inc.; Collins Aerospace; Thales Group; Elbit Systems Ltd.; Rockwell Collins, Inc.; Transdigm Group, Inc.; Astronics Corporation; MBDA; Opgal Optronic Industries Ltd.; FLIR Systems, Inc.; CIRRUS DESIGN CORPORATION D/B/A CIRRUS AIRCRAFT.; Embraer Group; Bombardier; General Dynamics Corporation; DASSAULT AVIATION; Safran; Airbus S.A.S.; NexAir Avionics; Aspen Avionics, Inc.; Avidyne Corporation; Cobham, plc.; ForeFlight LLC; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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