Aircraft Synthetic Vision Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aircraft Synthetic Vision Systems Market is segmented by Type (Primary Flight Display, Navigation Display, Heads-up and Helmet-mounted Display, and Others), End-user (Military, Commercial, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts by value (USD million) for all the above segments.

Market Snapshot

Aircraft Synthetic Vision Systems Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >2.8 %

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Market Overview

The Aircraft Synthetic Vision Systems Market is forecasted to grow at a CAGR of more than 2.8% during the forecast period (2021-2026).

The global aviation sector is undergoing an unprecedented disruption due to the COVID-19 pandemic. Though the sector is projected to recover in 2021, the recovery is expected to be uneven across the two constituent sectors. For instance, the commercial aviation sector has been significantly affected by the pandemic, resulting in a drastic reduction in passenger traffic, which in turn, has negatively affected aircraft demand. As a result, the commercial aviation sector is expected to recover slowly, as travel demand is projected to normalize to pre-COVID levels by 2023. However, the military aviation sector is expected to remain stable, and even grow as most of the countries have not reduced their defense budget and remain committed to sustaining their military capabilities. Nevertheless, due to the widespread disruption in the supply chain, some of the military aircraft programs could face minor cost escalations and delays in the short term.

Synthetic Vision Systems are designed to improve aircrew situational awareness, particularly during the approach and landing phase of flight. They are also very effective in improving flight safety, specifically regarding reducing the incidence of controlled flight into terrain (CFIT) events.

The aircraft synthetic vision systems market is driven by the increasing demand for new aircraft as part of the fleet expansion and modernization programs initiated by respective end-users in the military, commercial, and general aviation sectors. However, the inherent capital-intensive nature of the aviation electronics industry due to the high associated cost of R&D, and the recent COVID-19 induced disruption in the global electronics supply chain are some of the factors that hinder the growth of the market in focus during the forecast period.

Scope of the Report

A Synthetic Vision System is an aircraft installation designed to improve the situational awareness of the flight crew by combining 3D data into intuitive displays even in low visibility conditions using moving maps, artificial vision and route planning hardware and software. The system also presents a computer-generated view of the external environment with a database of relevant information about the terrain, flight plan information and runways to reduce the probability of an accident caused due to loss of control, runway incursion, and CFIT.

The Aircraft Synthetic Vision Systems Market is segmented based on Type, End-user, and Geography. By Type, the market is segmented into Primary Flight Display, Navigation Display, Heads-up and Helmet-mounted Display, and Others. By End-user, the market is segmented into Military, Commercial, and General Aviation, and by Geography into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa.

The report also covers the market sizes and forecasts for the Aircraft Synthetic Vision Systems Market across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

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

Military End-user to Witness Higher Growth During the Forecast Period

The emerging geopolitical rift among rival nations has fostered the need for the induction of advanced military assets, including aircraft. The subsequent increase in defense expenditure also aims to accelerate ongoing and new procurement programs for new generation platforms. For instance, in May 2021, the US Air Force awarded a USD 14 billion contract to Lockheed Martin Corporation to produce 128 Block 70/72 jets on behalf of Bahrain, Slovakia, Bulgaria, Taiwan, and Morocco. Similarly, in January 2021, the Indian Ministry of Defense (MoD) cleared the purchase of 83 LCA MK1A Tejas light combat aircraft for USD 6.5 billion. Also, in July 2021, the UK MoD signed a USD 347 million agreement with Team Tempest to provide digital and physical infrastructure to develop the aircraft. Similar procurement initiatives are being undertaken by other nations across the globe. Since these new-generation military aircraft feature state-of-the-art synthetic vision systems that enable the pilot to have 360-degree situational awareness, the demand for new-generation military aircraft is expected to create a parallel demand for synthetic vision systems.

Aircraft synthetic vision_keytrend1

North America to Dominate the Market During the Forecast Period

The aerospace industry in the region is mature and strongly supported by a robust aviation base. Higher air traffic has resulted in the procurement of several aircraft by the regional and international airline operators in the region. Boeing, one of the major aircraft OEMs based in the US, generates a huge demand for aircraft fire protection systems. As the OEMs receive new orders for aircraft, the demand is simultaneously generated for commercial aircraft fire protection systems, as FAA mandates the installation of evacuation systems in all active aircraft. Factors such as the availability of raw materials, political stability, and low production costs have driven the establishment of new aerospace manufacturing facilities in the region. Also, fluctuations in aviation fuel prices have triggered a surge in demand for fuel-efficient new-generation aircraft worldwide.

Hence, aircraft OEMs have started beefing up their production capabilities to cope with the ever-increasing demand. In 2017, Airbus invested USD 300 million for the construction of a new assembly line at its Mobile Aeroplex facility in Alabama, US, for assembling the Bombardier C series (renamed A220) aircraft. The A220 features the electronic flight instrument systems designed by Collins Aerospace, a part of Raytheon Technologies Corporation. Nevertheless, the robust aviation infrastructure in the US has resulted in new orders being placed to address the increased passenger footfall. In June 2019, American Airlines agreed to purchase 50 A321XLRs to modernize its fleet. Likewise, Delta Airlines also placed an order for additional 5 A220-100 aircraft in June 2019.

Indigenous aircraft development programs are anticipated to bolster the business prospects of regional fire protection system manufacturers and integrators alike. For instance, as part of its Air Superiority 2030 program, the US Air Force (USAF) is developing a pair of two new high-tech fighter aircraft, dubbed the Penetrating Counter Air. The USAF expects to ramp up funding to USD 1.4 billion in FY20, and to USD 3.1 billion in 2022 for developing advanced air combat systems.

Aircraft Synthetic vision_geography

Competitive Landscape

Major players in the aircraft synthetic vision systems market are Cobham Limited, Garmin Ltd, Honeywell International Inc., Thales Group, and Collins Aerospace (Raytheon 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 users, in addition to providing situational awareness, the market players are also expected to design synthetic vision systems keeping in mind the potential for economic returns. The systems are required to be less prone to malfunction or breakdown, eliminating or reducing the need for frequent upgrades and maintenance, which may attract new customers for players, thereby, helping them gain higher market shares.

Recent Developments

  • In September 2020, Embraer announced receiving the approval and certification from the US’ Federal Aviation Administration (FAA) and Brazil’s Agência Nacional de Aviação Civil (ANAC) for its Synthetic Vision Guidance System (SVGS) integrated onboard the midsize Praetor 500 and super-midsize Praetor 600 business jets.
  • In October 2019, Saab and Vu Systems launched the Next Generation Enhanced Flight Vision System (EFVS) solution using new passive millimeter-wave (PMMW) technology that enables the pilots to safely take off and land their aircraft in adverse weather conditions, including zero-visibility environments.
  • In July 2018, Collins Aerospace launched its combined vision system (CVS) on the Bombardier Global 5500 and 6500 business jets. The CVS merges infrared enhanced vision and synthetic vision system imagery into a single conformal view.

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 (Market Size by Value - USD million)

    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 Limited

      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 (Raytheon 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 L3Harris Technologies Inc.

      12. 6.2.12 ENSCO Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Synthetic Vision Systems Market market is studied from 2018 - 2026.

The Aircraft Synthetic Vision Systems Market is growing at a CAGR of >2.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Garmin Ltd, Honeywell International Inc., Thales Group, Cobham Limited, Collins Aerospace (Raytheon Technologies Corporation) are the major companies operating in Aircraft Synthetic Vision Systems Market.

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