Market Size of Aircraft Synthetic Vision Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Synthetic Vision Systems Market Analysis
The aircraft synthetic vision systems market is expected to register a CAGR of 2.8%.
The global aviation sector was disrupted due to the COVID-19 pandemic. However, the sector recovered in 2021 and 2022. Due to the Covid-19 pandemic, the commercial aviation sector has been significantly affected, resulting in a drastic reduction in passenger traffic, negatively affecting aircraft demand. The military aviation sector remained stable and even grew as most countries have not reduced their defense budget and remain committed to sustaining their military capabilities. Nevertheless, due to the widespread supply chain disruption, some military aircraft programs faced minor cost escalations and delays.
The increasing demand for new aircraft drives the synthetic vision systems market as part of the fleet expansion and modernization programs initiated by respective end-users in the military, commercial, and general aviation sectors. Such factors will drive the market in the coming years.
