According to the latest report by IMARC Group, titled "Aircraft Synthetic Vision System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the market is currently witnessing strong growth. The global aircraft synthetic vision system market size to grow at a CAGR of around 6% during 2021-2026. An aircraft Synthetic Vision System (SVS) refers to an aviation mechanism that aids in presenting a computer-generated perspective of the external environment to the pilot. This reality-based technology uses a database of relevant information about the terrain, runways, airports, obstacles, flight plan information, aerodrome maneuvering areas and other traffic to depict a virtual environment that corresponds to the real world on the SVS display. This allows pilots to form an understanding regarding their flying environment, especially during the night time or in low visibility conditions. These systems are usually combined with a position sensor, computing platform and route planning hardware and software to improve situational awareness and avoid accidents caused due to runway incursion, loss of control, or incidences of Controlled Flight into Terrain (CFIT).As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Aircraft Synthetic Vision System Market Trends:
The market is primarily driven by the growing incidences of CFIT events. The utilization of SVS in an aircraft ensures flight safety and improves situational awareness, particularly during the approach and the landing phase of the flight, which is contributing to their increased uptake. The market is further driven by the improvements in commercial aircraft and general aviation sectors due to the growing need for highly efficient flight safety and security mechanisms. Moreover, the increasing adoption of new-generation aircraft has impelled the demand for advanced SVS to offer convenient alterations of the route and innovative solutions in case of potential dangers. Furthermore, numerous government agencies are investing in the development of innovative solutions and advanced technologies in the aviation sector.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Cobham
Garmin
Honeywell International
Collins Aerospace
Elbit Systems Ltd
Thales Group
Safran
Mercury Systems
Harris Corporation
Universal Avionics Systems
Aspen Avionics
Avidyne Corporation
ENSCO
Aircraft Synthetic Vision System Market Segmentation:
Our report has categorized the market based on Region, Product Type, Operation, Display System and Application.
Market Breakup by Product Type:
Synthetic Vision
Enhanced Vision
Others
Market Breakup by Operation:
Manned
Unmanned
Market Breakup by Display System:
Primary Flight Display
Navigation Display
Heads-up and Helmet Mounted Display
Others
Market Breakup by Application:
Civil Aviation
Military Aviation
General Aviation