Aircraft Synthetic Vision Systems Market - Growth, Trends, and Forecasts (2020 - 2025)

The Aircraft Synthetic Vision Systems Market is segmented by Application (Commercial, Military, and General Aviation), Display System (Primary Flight Display, Navigation Display, Heads-up and Helmet Mounted Display Systems, and Other Display Systems), and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6 %

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Market Overview

The aircraft synthetic vision systems market is expected to register a CAGR of more than 6% during the forecast period.

  • Increasing procurements of newer generation aircraft are generating the demand for new aircraft synthetic vision systems. All aircraft utilize cockpit display systems to provide the information related to flight control and navigation to pilots. 
  • The R&D investments in aircraft synthetic vision systems are increasing, with many players engaged in the design and development of new and improved systems.

Scope of the Report

The report includes the following aspects:

Application
Commercial
Military
General Aviation
Display System
Primary Flight Display
Navigation Display
Heads-up and Helmet-mounted Display Systems
Other Display Systems
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle-East and Africa

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Key Market Trends

General Aviation Segment to Record the Highest CAGR During the Forecast Period

The general aviation segment is growing fast, and the operations of business jets have increased primarily in the emerging economies, like India, China, Brazil, and Russia. Unlike commercial aircraft operated by airlines, business jets and charter jets operate without a schedule and sometimes even in low visibility conditions. Thus, there is a necessity for general aviation aircraft to incorporate more systems that gather flight navigation information. In general aviation, synthetic vision systems come preinstalled in most of the new aircraft. Shipments of general aviation are growing constantly. Almost 2,443 general aviation aircraft shipments were done in 2018, globally, indicating an increase of over 5%, when compared to that of 2017. Most of the general aviation aircraft come with synthetic vision systems, and the ones that do not come with inbuilt ones are now being upgraded, thereby, driving the share of the segment.

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Asia-Pacific to be the Fastest Growing Segment in the Years to Come

North America is a major market for aircraft synthetic vision systems, due to the regulations that necessitate airlines and aircraft owners to deploy these systems in their aircraft. Procurements of new aircraft and the presence of a large number of aircraft that use these systems are also reasons for the high market share of North America. The commercial aircraft fleet in the United States is around 7,400, which is about 2.8% more than that in 2017. Thus, the increased number of aircraft in the United States is one of the main reasons for the high market share of North America. However, the market has begun to saturate in North America, and the Asia-Pacific market is expected to rapidly grow during the forecast period. Countries, like China, India, Japan, and South Korea, are contributing majorly in this region, with both China and India procuring aircraft on large scales. China estimates that the number of aircraft may surpass 5,000 by 2020, and the country is expected to become the largest aviation market by 2023. The aviation industry is also growing at a great pace in India, and many aircraft procurement plans are underway in the country. Indian carriers plan to increase their fleet size to 800 aircraft by 2020.  On account of all these factors, Asia-Pacific, on a whole, is projected to show high growth in the future.

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Competitive Landscape

Major players in the aircraft synthetic vision systems market are Cobham PLC, Garmin Ltd, Honeywell International Inc., Thales Group, and Collins Aerospace (United Technologies Corporation). As synthetic vision systems (SVSs) become more mainstream, players in the market are refining their products to appeal to a broader range of customers. Along with general aviation operators, key targets of the players include the rotorcraft and commercial aviation markets. However, for commercial and general aviation, in addition to providing situational awareness, players must also provide systems, keeping in mind the potential for economic returns in using synthetic vision systems. The systems must be such that there will be less need for frequent upgrades and maintenance, which may attract new customers for players, thereby, helping them gain higher market shares.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial

      2. 5.1.2 Military

      3. 5.1.3 General Aviation

    2. 5.2 Display System

      1. 5.2.1 Primary Flight Display

      2. 5.2.2 Navigation Display

      3. 5.2.3 Heads-up and Helmet-mounted Display Systems

      4. 5.2.4 Other Display Systems

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Egypt

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Cobham PLC

      2. 6.2.2 Garmin Ltd

      3. 6.2.3 Honeywell International Inc.

      4. 6.2.4 Thales Group

      5. 6.2.5 Collins Aerospace (United Technologies Corporation)

      6. 6.2.6 Safran SA

      7. 6.2.7 Aspen Avionics Inc.

      8. 6.2.8 Avidyne Corporation

      9. 6.2.9 Elbit Systems Ltd

      10. 6.2.10 Mercury Systems Inc.

      11. 6.2.11 Harris Corporation

      12. 6.2.12 ENSCO Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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