Overview of the global aircraft synthetic vision system (SVS) market
Technavio’s market research analysts predict that the global aircraft synthetic vision system (SVS) market will grow at a CAGR of more than 6% by 2020. The rotorcraft industry has provided an attractive new market for the SVS. As the rotorcrafts fly environments that have low visibility and obstacles, SVS are more helpful in providing enhanced situational awareness to the helicopter pilots in difficult terrains and congested airspace in metropolitan areas. The SVS combined with features like GPS, accelerometers, gyros, and an external database provide pilots with an animated and colorful real-world virtual 3D view. The increased use of SVS in rotorcrafts to decrease the chances of accidents will benefit the overall SVS market during the forecast period. Recently, Universal Avionics has introduced the helicopter version of its SVS-related products.
Owing to the wide implementation of SVS for aviation applications, there has been huge improvements in the regulatory scenario, which has motivated the air transport sector to equip aircraft with SVS. Such regulations besides encouraging the use of SVS also benefits the operators with the procurement of new aircraft with SVS installation. It also boosts aircraft operators to negotiate for the inclusion of SVS for its fleet, as it allows commercial aircraft operators flying SVS-equipped aircraft to dispatch and depart even if visibility is below authorized minimums.
Competitive landscape and key vendors
This market is highly competitive and the vendors compete on the basis of product quality, reliability, cost, and aftermarket service. The key vendors have an upper hand in the market owing to their product offerings, in-house manufacturing capabilities, R&D, global footprint network, newer technologies, and a strong client base. Vendors in the market are specifically focusing on providing cost-effective and high-quality synthetic vision systems with latest technology and materials for the aircraft and helicopters.
Leading vendors in the market are -
Universal Avionics Systems
Other prominent vendors in the aircraft SVS market include Aspen Avionics, Avidyne, ENSCO Avionics, ForeFlight, Gulfstream, Hilton Software, L-3 Avionics Systems, Symbolic Flight, Sagetech, Xavion, and ZG Optique.
Geographical segmentation and analysis of aircraft SVS market
EMEA will be the largest revenue-generating region in this market and is likely to occupy more than 39% of the overall market share by 2020. Europe is one of the largest aviation markets worldwide and has adopted SVS in many GA aircraft, helicopters, and military aircraft applications. The region is prone to the development of new concepts such as SVS for military helicopters, especially for low-altitude missions. With the surging installations of SVS in aircraft to handle low-visibility atmospheric conditions, the region will witness huge growth in the coming years.
Growth drivers, challenges, and upcoming trends: Cost-saving solutions
The major vendors in the market are developing new and improved range of SVS products for diverse aircraft. SVS helps to create a navigational capability that eases the gate-to-gate operation of an aircraft by reducing the climatic implications. With pilots availing such technology onboard, the instrument procedures can be simplified, and airports will operate with fewer delays, even with more air traffic. Additionally, the advanced vision capabilities through SVS provide cost-saving solutions to aircraft operators, and also help to increase access, efficiency, and throughput at many airports when low visibility is a limiting factor.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the aircraft SVS market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the aircraft SVS market size and the growth rate be in 2020?
What are the key factors driving the global aircraft SVS market?
What are the key aircraft SVS market trends impacting the growth?
What are the challenges to market growth?
Who are the key vendors in the global aircraft SVS market?
What are the market opportunities and threats faced by the vendors in the global aircraft SVS market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global aircraft SVS market?