Enhanced Vision System Market size is set to grow by USD 68.32 mn from 2024-2028, Expanding applications of EVS in maritime navigation, mining and extraction, and healthcare boost the market- Technavio
NEW YORK, March 20, 2024 /PRNewswire/ -- The global enhanced vision system market size is estimated to grow by USD 68.32 mn from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.52% during the forecast period. The Enhanced Vision System (EVS) market is driven by its expanding applications in sectors like maritime navigation, mining, and healthcare. Key players in the aviation industry, including Astronics Corporation, Gulfstream Aerospace Corporation, Bombardier Inc, and Embraer SA, are making acquisitions and launching new products to dominate this market. EVS enhances maritime operations by providing better visibility in challenging conditions, aiding in obstacle detection, navigation marker identification, and improved vessel maneuvering.
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Enhanced Vision System Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
Market growth 2024-2028 |
USD 68.32 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.02 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Astronics Corp., BAE Systems Plc, Elbit Systems Ltd., Honeywell International Inc., Industrial Vision Systems Ltd., Kawasaki Heavy Industries Ltd., Keyence India Pvt. Ltd., Konica Minolta Inc., Mercury Systems Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Rosenbauer International AG, Rotorcraft Services Group, Samvardhana Motherson International Ltd., SOLOMON TECHNOLOGY CORP., Techman Robot Inc., Thales Group, Vision Components GmbH, Zebra Technologies Corp., and Skeyes |
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Research Analysis
The RF Components Market for Enhanced Vision Systems is a significant segment of the technology industry, with continuous growth driven by the increasing demand for advanced imaging solutions. This market focuses on Radio Frequency (RF) components, which are essential components in Enhanced Vision Systems (EVS). These systems are used in various industries, including aviation, automotive, and military, to enhance situational awareness and improve safety. The RF components play a crucial role in enabling wireless communication between different components of the EVS platform, ensuring seamless data transfer and real-time processing. As technology advances, the RF Components Market for Enhanced Vision Systems is expected to grow, offering new opportunities for innovation and improvement in this field.
Market Segmentation
This Enhanced Vision System Market report extensively covers market segmentation by Component (Display, Camera, Control electronics, Processing units, Sensors) Platform (Fixed wing, Rotary wing) Geography (North America, Europe, APAC, South America, Middle East and Africa)
Market Segmentation by Component
The RF components market plays a vital role in the Enhanced Vision System (EVS) market, particularly in the display segment. RF components facilitate the transmission and reception of data between various EVS components, ensuring real-time information exchange. These components enable advanced visualization techniques, presenting critical flight data, terrain, obstacles, and weather information on HUDs, HMDs, and PFDs. RF components contribute to enhancing situational awareness for pilots and flight crews, allowing them to maintain focus on the outside world, reducing the need for constant cockpit instrument scrutiny. The growing EVS market, driven by the need for improved safety and efficiency in aviation, is expected to boost the demand for RF components.
Geographic Landscape
The RF components market plays a crucial role in the Enhanced Vision System (EVS) market's growth in North America. EVS technology, which enhances pilot situational awareness during low-visibility conditions, relies on RF components for seamless communication between various systems. These components include antennas, filters, and amplifiers, ensuring the reliable transmission and reception of data from thermal imaging and infrared sensors to head-up displays. With North America's large aviation market and stringent safety regulations, the demand for advanced avionics systems like EVS continues to rise, driving the RF components market's growth in this sector.
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SOURCE Technavio
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