The prominent players in the global enhanced vision system market, according to a recent report by Transparency Market Research are, Honeywell International Inc., United Technologies Corporation, Rockwell Collins Inc., Astronics Corporation, FLIR Systems Inc., Thales Group, Safran, HCL Embraser SA, and Elbit Systems Ltd.
As per estimates by a report by Transparency Market Research, the global enhanced vision system market is expected to peg an opportunity of US$312.4 mn by 2025 vis-à-vis revenue increasing from US$211.1 mn in 2016 at a CAGR of 4.4% between 2017 and 2025.
The segments of display screen and camera dominated the market in 2016 revenue-wise. Going forward too, the two segments are expected to display strong growth over other component segments. This is mainly due to technological innovations that have led to the deployment of advanced screens and camera that provide enlarged view of the terrain to the pilot.
North America and Europe are amongst the key geographical segments in the global enhanced vision system market that collectively account for more than 50% of the total revenue.
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At the forefront of driving growth in the enhanced vision system (EVS) market is the need to enhance aircraft safety, especially in limited visibility environments. This is because enhanced vision system gathers information from various aircraft based sensors, including near-infrared cameras to give a clear view of the terrain especially in limited visibility environments. The other advantages of enhanced vision system is to obtain a detailed view of the terrain and to receive insights about obstacles that may pose a danger to the aircraft. EVS puts a range of images in the display screen that enables the pilot to receive insights about the terrain, especially when visibility is poor.
The growth of the global enhanced vision system market is driven by other factors as well. In developed countries such as the U.S., regulations and policies implemented by the aviation sector necessitates aircrafts to be equipped with advanced vision systems in the interest of pilot and passenger safety.