At 4+% CAGR, Enhanced Vision Systems Market Potentially Worth $250.4 Million by 2021 Dominated by Millimeter Wave Radar Technology

PUNE, India, Dec. 27, 2016 /PRNewswire-iReach/ -- North America is estimated to lead the enhanced vision systems market during the forecast period whereas Asia-Pacific projected to grow at the fastest rate. Countries in this region include the U.S. and Canada. The enhanced vision systems market in North America is driven by the presence of large number of OCMs (original component manufacturers), major technological up gradation of existing equipment by key players, and the presence of key market players, such as Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), and L-3 Communications Holdings, Inc. (U.S.). Complete report on "Enhanced Vision System Market" spread across 153 pages, profiling 10 companies and supported with 80 tables and 55 figures is now available athttp://www.rnrmarketresearch.com/enhanced-vision-system-market-by-technology-infrared-synthetic-vision-systems-gps-millimeter-wave-radar-component-sensors-processing-units-control-electronics-camera-display-platform-fixed-rotary-and-st-to-2021-market-report.html .

The Asia-Pacific enhanced vision systems market is projected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the presence of large OEMs (original equipment manufacturers), such as HALBIT Avionics Private Limited (India) and Samtel Group (India), demand for increased safety and reliable airline operations, and fluctuating weather conditions in the region.

The high amount of investment and lengthy clearance process for up gradation of components act as the major restraints for the enhanced vision systems market. The manufactured components need approval from various authorities, such the U.S. Federal Aviation Administration (FAA) and International Civil Aviation Organization (ICAO), before they are installed on board an aircraft. It is also difficult to obtain approval for the replacement of conventional systems onboard the aircraft.

The millimeter wave radar segment projected to grow at the highest CAGR during the forecast period. Based on technology, the millimeter wave radar segment of the enhanced vision systems market is projected to grow at the highest CAGR during the forecast period. Pilots have to depend on active sensors like millimeter wave (MMW) radars for reliable vision and safe navigation. Among all imaging sensors, the most promising one for enhanced vision systems is the MMW radar as it has the lowest weather dependency.

The display segment estimated to account for the largest market share during the forecast period. Based on component, the display segment is projected to account for the largest share of the enhanced vision systems market during the forecast period. Display units serve as a screen for graphical representation of data collected from various sensors onboard, and are a crucial component of the enhanced vision systems. This is one of the key factors propelling growth of the display segment.

This research study is obliging for following audience:

The key players operating in the enhanced vision system market are Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), L-3 Communications Holdings, Inc. (U.S.), Thales Group (France), and Elbit Systems Ltd. (Israel). Make an Inquiry on "Enhanced Vision System Market by Technology (Infrared, Synthetic Vision Systems, GPS, Millimeter Wave Radar), Component (Sensors, Processing Units, Control Electronics, Camera, Display), Platform (Fixed, Rotary) and Region - Global Forecast to 2021" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=792670 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Directors Level (25%) and others (40%) from various key organizations operating in the enhanced vision systems market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%) and RoW (5%).

Research Coverage: The report analyzes the enhanced vision systems market based on technology (infrared, synthetic vision, global positioning system, and millimeter wave radar), component (sensors, processing unit, control electronics, camera, and display), and platform (fixed wing and rotary wing). It also maps these segments and sub segments across major regions, namely, North America, Europe, Asia-pacific, and the rest of the world.

On a related note, another research titled Millimeter Wave Technology Market Global Forecast to 2022says, the global market for millimeter wave technology is expected to grow at a CAGR of 42.99% between 2016 and 2022 to reach USD 4,632.8 million by 2022 from USD 346.8 million in 2015. The market for the telecommunication sector is expected to grow at a high rate during the forecast period. APAC and RoW to be the fastest-growing markets for millimeter wave technology during the forecast period. Companies such as Bridge Wave Communications (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), Key sight Technologies (U.S.), Millitech Inc. (U.S.), NEC Corporation (Japan), Trex Enterprises Corporation (U.S.), Light Pointe Communications, Inc (U.S.), and Farran technology Ltd. (Ireland) have been profiled in this 147 pages research report available at http://www.rnrmarketresearch.com/millimeter-wave-mm-wave-market-by-technology-components-frequency-imaging-radio-products-mm-scanners-mm-radars-mm-macrosmall-cell-backhaul-applications-telecommunication-healthcare-market-report.html .

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