Aircraft synthetic vision system (SVS): Key market research findings
- The Americas to dominate the market geographically
- Improved safety standards to drive market growth
- Key vendors – Cobham, Garmin, Honeywell, Rockwell Collins, and Universal Avionics
Technavio’s market research analysts predict the global aircraft SVS market to grow at a CAGR of more than 6% between 2016 and 2020. The demand for aircraft SVS stems from its increasing usage in rotorcrafts. Rotorcrafts often fly very close to the ground and in environments that have low visibility and obstacles. Since these crafts are more susceptible to accidents, the need for SVS is high for such crafts as they are more helpful in providing enhanced situational awareness to helicopter pilots, especially in difficult terrains and congested airspace. Such systems combined with GPS, accelerometers, gyros, and an external database provides pilots with a virtual 3D view. During 2015, the global market for aircraft SVS was dominated by the Americas with a market share of around 40%. The presence of organizations such as NASA and other key vendors of SVS in the region will contribute to the growth of the aircraft SVS market in the Americas during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The changing regulatory scenario plays a vital role in the growth of this market. Regulations accepting the use of SVS allows more operators to purchase new aircraft with SVS. It also encourages aircraft operators to negotiate for the inclusion of SVS for its fleet, as it allows commercial aircraft operators to dispatch and depart even if visibility is below authorized minimums,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
Incorporation of SVS improves the safety standards remarkably. It provides pilots with clear views of their surroundings even in bad weather and low-light conditions. It offers virtual reality displays in aircraft cockpits showing terrain, air traffic, runway surfaces, landing and approach patterns, and obstacles that could affect an aircraft’s flight. Additionally, it also improves safety and can help prevent aviation accidents.
The key vendors in the market include Cobham, Garmin, Honeywell, Rockwell Collins, and Universal Avionics. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, vendors should focus on expanding geographically and reviving domestic demand to achieve sustainable growth. Key vendors in the market are focused primarily on the implementation of light-weight materials, electric technologies, and robust systems.
A more detailed analysis is available in the Technavio report, Global Aircraft SVS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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