Latest News- Enhanced Vision System Market: Display is expected to lead the Component segment during 2024-2028

The Enhanced Vision System Market is being driven by Expanding applications of EVS in maritime navigation, mining and extraction, and healthcare

The Enhanced Vision System Market is expected to grow at a CAGR of 4.52% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 68.32 million. The Enhanced Vision System (EVS) market is experiencing a notable trend towards the incorporation of Artificial Intelligence (AI) in image processing and object recognition technologies. This development is fueled by the growing demand for advanced technology solutions across industries, including aerospace, automotive, healthcare, and defense. AI-enabled image processing enables real-time analysis and interpretation of visual data, allowing EVSs to capture, process, and recognize high-definition images and videos with increased precision. Applications of this technology span from autonomous vehicles and medical diagnostics to surveillance systems. The integration of AI in EVSs is driven by the imperative to enhance safety and security, as well as to streamline processes and improve operational efficiency. 

Get more information on Enhanced Vision System Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Display
  • Camera
  • Control electronics
  • Processing units
  • Sensors
• Platform
  • Fixed wing
  • Rotary wing
• Geography
  • North America
    • Canada
    • US
  • Europe
    • UK
    • France
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expanding applications of EVS in maritime navigation, mining and extraction, and healthcare
• Increasing demand for improved aviation safety
• Advancements in sensor technology and image processing

However, the market also witnesses some limitations, which are as follows:

• Increased manufacturing cost of EVS
• Regulatory hurdles and certification requirements to manufacture EVS
• Lack of standardization and interoperability of EVS

Benefits of Buying Global Enhanced Vision System Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Enhanced Vision System Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Enhanced Vision System (EVS) market encompasses advanced technologies, including sensors, imaging, and display systems. Sensor technologies, such as high-definition cameras and infrared sensors, are integrated with augmented reality displays and synthetic vision systems. The Federal Aviation Administration (FAA) regulates the use of EVS in avionics systems for aircraft. EVS enhances visibility for pilots during takeoffs, landings, and flight operations by displaying real-time information on terrain features, runways, and other critical elements. Millimeter wave radar and thermal imaging are essential sensor technologies in EVS. Technology developers continue to innovate in this field, collaborating with aviation regulatory agencies and business jet operators to improve safety and efficiency.

Market Research Overview

The Enhanced Vision System (EVS) market is a significant segment of the global electrical components and equipment market, which is a part of the larger electronic market. This market encompasses manufacturers of high-definition cameras, augmented reality displays, infrared sensors, and avionics systems. Technavio's market analysis includes the revenue generated from sales of associated ICT and electronics products, equipment, and components. Key technologies include sensor, imaging, and display technologies. The electronic components segment includes manufacturers of various components such as connectors, capacitors, resistors, transformers, inductors, printed circuit boards, and lighting products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/