Synthetic Vision System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The synthetic vision system (SVS) provides three-dimensional data into intuitive displays. The provided data helps the flight crews to enhance situational awareness. SVS is enhancing situational awareness for pilots and reduces workload specifically during the situation such as high pitch rate phase of flight, specific procedures, low visibility weather conditions, unfamiliar airports, and others. It provides enhanced control and relief to pilots by early detection of errors before it proceeds into a dangerous situation. The system is reducing the incidence of controlled flight into terrain (CFIT) events by improving flight safety.

MARKET SCOPE

The "Global Synthetic Vision System Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Synthetic Vision System market with detailed market segmentation by display system, aircraft type, application, and geography. The report provides key statistics on the market status of the leading Synthetic Vision System market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of display system, market is segmented as primary flight display, navigation display, head-up and helmet mounted display, and others.
  
•   On the basis of aircraft type, market is segmented as fixed-wing and rotary-wing.
  
•   On the basis of application, market is segmented as military aviation and commercial aviation.
  

MARKET DYNAMICS

Drivers:

•   Commercial aviation sector is adopting the technology at a faster rate.
  
•   Advancement in cameras and vision technologies.
  
•   Military aviation segment shifts toward utilization of existing aircraft fleet will grow in the next few years, as the government is investing a high amount in advanced technology to enhance fleet.
  
•   Growing number of aircraft fleets and the rising demand for 3D vision systems.
  

Restraints:

•   Growing cost of the system for developing regions.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Synthetic Vision System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Synthetic Vision System market in these regions

IMPACT OF COVID-19 ON SYNTHETIC VISION SYSTEM MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. Commercial flights worldwide came to a halt due to the indefinite periods of lockdown and border closure. Consequently, there was a reduction in the production volumes of major aircraft manufacturers which led to a steep fall in the global synthetic vision system market. However, since synthetic vision system is a key safety measure in the military aviation, as well as commercial aviation, the demand for such products and services is likely to stabilize as the epidemiological situation relaxes with the ease of lockdowns and successful implementation of vaccine programs.

MARKET PLAYERS

The report covers key developments in the Synthetic Vision System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Synthetic Vision System market are anticipated to lucrative growth opportunities in the future with the rising demand for Synthetic Vision System in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Synthetic Vision System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Garmin Ltd
  
•   Genesys Aerosystems
  
•   Honeywell International Inc
  
•   Thales Group
  
•   Collins Aerospace
  
•   Aspen Avionics, Inc.
  
•   Safran
  
•   Avidyne Corporation
  
•   Embraer Group
  
•   DASSAULT AVIATION
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Synthetic Vision System Report Scope