Market Overview:
The global enhanced vision system market is showing a proper growth opportunity where it can surpass USD 262 million valuation with 4% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) identified several factors like the rising need for better situational awareness, hike in defense budgets to bolster the inclusion of such technologies, advancement in tools, better investment in research and development, and others. However, it is difficult to get approvals from authorities and change the conventional systems to clear a path for better integration.
Industry News:
In July 2020, ZF, a well-known supplier of automotive cameras, announced the launch of its new S-Cam4.8 with enhanced vision technology. This technology is from Mobileye, an Intel Company, and it will be a part of the new Nissan Rogue in the U.S. This camera is one of the first that captures 100-degree horizontal field of view, which helps it set a standard for itself for the future Euro NCAP 5-Star Safety Ratings and IIHS Top Safety Pick+ requirements. It will also ensure General Safety Regulations that have stringent test protocols to maintain safety-critical systems.
In July 2020, Boston Semi Equipment, a company known for being a semiconductor test handler manufacturer and provider of various test floor services, announced the launch of the new BSE-900 handler for the final test and system-level testing (SLT) applications. It is a compact system with a design that allows it to load multiple testers. Each tester can manage up to quad sites, or multiple SLT test positions for diverse engineering and low-volume production test environments. It comes with a vision alignment, JEDEC tray automation, and 2D ID reading for packages with thickness up to 20mm and size ranging from 3mm x 3mm to 120mm x 120mm. The company started sending shipments in May and it is now operational in several locations across the globe.
Production and supply chain took a few blows due to the rising impact of the COVID-19 pandemic. This may slow down the process of fetching revenues. But, in the long run, it may not impact the market on a severe scale.
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Key Players:
Elbit Systems Ltd. (Israel), Astronics Corporation (U.S.), Honeywell International, Inc. (U.S.), Esterline Technologies Corporation (U.S.), Opgal (Israel), Rockwell Collins, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), MBDA (U.K.), United Technologies Corporation (U.S.), Thales Group (France), are some of the prominent names associated with the global enhanced vision system market.
Introduction:
In today's fast-paced world, safety and efficiency have become paramount in various industries. One such industry that is continuously striving to enhance these aspects is aviation. Enhanced Vision Systems (EVS) have emerged as a revolutionary technology, providing pilots with improved visibility, situational awareness, and operational capabilities. The EVS market is witnessing remarkable growth, thanks to advancements in technology and increasing investments in the aviation sector. In this blog post, we will delve into the key insights from a market research report by Market Research Future (MRFR) on the growing market for Enhanced Vision Systems.
Factors Driving Market Growth:
- Safety Enhancement: Enhanced Vision Systems provide pilots with real-time imaging, which enhances their ability to detect potential hazards such as obstacles, terrain, and inclement weather conditions. This improved situational awareness enables pilots to make better decisions and respond promptly to mitigate risks, thereby ensuring the safety of passengers and crew.
- Operational Efficiency: EVS technologies facilitate operations in adverse weather conditions, low-visibility environments, and during night-time flights. With EVS, pilots can navigate with greater precision and confidence, reducing the risk of delays and cancellations due to poor visibility. The enhanced operational efficiency not only improves customer satisfaction but also optimizes fuel consumption and reduces maintenance costs.
- Regulatory Support: Governments and aviation regulatory bodies across the globe are emphasizing the integration of advanced technologies, including EVS, into aircraft systems. The Federal Aviation Administration (FAA) in the United States, for example, has encouraged the use of Enhanced Vision Systems as part of its NextGen program. This regulatory support is creating a favorable environment for the growth of the EVS market.
- Technological Advancements: Rapid advancements in sensor technologies, image processing algorithms, and display systems are driving the evolution of Enhanced Vision Systems. These advancements have led to the development of lightweight, compact, and high-resolution cameras and display units, making EVS more accessible to various types of aircraft.
Related Reports:
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Conclusion:
Enhanced Vision Systems are revolutionizing the aviation industry by providing pilots with advanced imaging capabilities, enhancing safety, and improving operational efficiency. With the continuous advancement in technology and supportive government regulations, the global EVS market is poised for significant growth. The market research report by MRFR provides valuable insights into this growing market, highlighting the key drivers, market segmentation, and regional trends. As the aviation industry embraces the potential of Enhanced Vision Systems, we can anticipate a safer and more efficient future for air travel.
