Market overview:
Enhanced Flight Vision Systems Market Size was valued at USD 0.2 billion in 2022. The Enhanced Flight Vision Systems market is projected to grow from USD 0.214 Billion in 2023 to USD 0.3211 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2023 - 2030).
Enhanced Flight Vision Systems Market commonly termed as EFVS or EVS, is an airborne electronic system that aids in enhancing the situational awareness of the pilot during tough operating conditions. Factors such as focus on enhancing situational awareness and growing demand for systems ensuring reliable flight operations are driving the market growth.
Furthermore, increasing concern towards ensuring aviation safety is positively impacting the market. But, high costs associated with technology upgrade are acting as a deterrent and hindering the market growth. However, the implementation of enhanced flight vision systems in aircraft by airlines and related retrofit and aftermarket options are creating promising growth opportunities for the enhanced flight vision systems market CAGR.
Key Players:
The key players in the global Enhanced Flight Vision Systems Market are Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), L-3 Communications Holdings, Inc. (U.S.), Thales Group (France), and Elbit Systems Ltd. (Israel).
Market Segmentation:
This study provides an overview of the Global Enhanced Flight Vision Systems Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific , Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Enhanced flight vision systems market as follows:
By Technology
Infrared
Synthetic Vision
Global Positioning System
Millimeter Wave Radar
By Component
Display Unit
Camera
Sensor
Others
By Platform
Fixed-Wing
Business Jets
Commercial Jets
Military Jets
Rotary-Wing
Commercial Helicopters
Military Helicopters
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Regional Analysis:
On the basis of region, the enhanced flight vision systems market data is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In the North America region, there is a significant investment in R&D by OEMs and component manufacturers of advanced airborne electronics. This growing inflow of investment will result in the development of technologically advanced solutions and ultimately generate demand for global enhanced flight vision systems.
A lot of developments are taking place in the Enhanced Flight Vision Systems Market. For instance, Elbit Systems is planning to acquire Universal Avionics Systems Corporation to enrich its product portfolio. Meanwhile, Astronics Corporation has teamed up with Federal Aviation Administration (FAA) to conduct research for developing a basis for possible application of enhanced vision systems in helicopters. Astronics Corporation has launched a high-resolution enhanced flight vision system for experimental and homebuilt aircraft, which features a long-wave infrared thermal imager with electronic zoom.
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