London, 24 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Aircraft Synthetic Vision System Market 2015-2019, which is expected to grow at a CAGR of 6.26 percent from 2014-2019.
SVS provides flight safety enhancements for safe approach and arrival. Therefore, vendors are striving hard to provide improved technology and offerings to attract a wide range of customers. The Commercial Transport Market and UAVs are also a target market for SVS suppliers.
“Synthetic Vision System (SVS) solves military and commercial UAV operational challenges where aircraft situational awareness, safety-of-flight and tactical decision-making are critical,” says Faisal Ghaus, Vice President of TechNavio.
“It also broadens the information available to UAV operators, thus improving the decision-making and reducing operator workload.”
Key Market Drivers
- Increase in Awareness and Demand for SVS
- Increase in R&D in SVS for Aviation Applications
- Increased Use of SVS for Rotorcraft
- Need for Improvement in Aviation Safety
Key Market Trends
- Application of SVS for UAVs
- Changing Regulatory Scenario
- Cost-saving Solutions
- Growth in Product Range
Key Market Vendors
- Cobham
- Garmin
- Honeywell Aerospace
- Rockwell Collins
- Universal Avionics Systems
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
