The global enhanced vision system market is showing a proper growth opportunity where it can surpass USD 262 million valuation with 4% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) identified several factors like the rising need for better situational awareness, hike in defense budgets to bolster the inclusion of such technologies, advancement in tools, better investment in research and development, and others.
However, it is difficult to get approvals from authorities and change the conventional systems to clear a path for better integration.
Elbit Systems Ltd. (Israel), Astronics Corporation (U.S.), Honeywell International, Inc. (U.S.), Esterline Technologies Corporation (U.S.), Opgal (Israel), Rockwell Collins, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), MBDA (U.K.), United Technologies Corporation (U.S.), Thales Group (France), are some of the prominent names associated with the global enhanced vision system market.
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The market for an enhanced vision system has been segmented into three types by experts for a better understanding of dynamics. These are components, technology, and platform.
By component, the global report studying the enhanced vision system market has been segmented into camera, display, processing unit, control electronics, and sensors. The sensors segment is getting boosted by advanced research works.
By technology, the Enhanced Vision System Market Research gets studied by analysts based on reports with details of infrared, millimeter-wave radar, a global positioning system (GPS), and synthetic vision. The GPS segment is getting support from several quarters for its ability to guide people. The millimeter-wave radar segment has a chance to outshine its peers.
By platform, the report on the enhanced vision system market includes a study of fixed-wing and rotary-wing.
The global market will be helmed by North America and Asia Pacific will outpace others during the forecast period. In North America, structural benefits and spending capacity are expected to bolster regional growth.
In July 2020, ZF, a well-known supplier of automotive cameras, announced the launch of its new S-Cam4.8 with enhanced vision technology. This technology is from Mobileye, an Intel Company, and it will be a part of the new Nissan Rogue in the U.S. This camera is one of the first that captures 100-degree horizontal field of view, which helps it set a standard for itself for the future Euro NCAP 5-Star Safety Ratings and IIHS Top Safety Pick+ requirements. It will also ensure General Safety Regulations that have stringent test protocols to maintain safety-critical systems.
In July 2020, Boston Semi Equipment, a company known for being a semiconductor test handler manufacturer and provider of various test floor services, announced the launch of the new BSE-900 handler for the final test and system-level testing (SLT) applications. It is a compact system with a design that allows it to load multiple testers. Each tester can manage up to quad sites, or multiple SLT test positions for diverse engineering and low-volume production test environments. It comes with a vision alignment, JEDEC tray automation, and 2D ID reading for packages with thickness up to 20mm and size ranging from 3mm x 3mm to 120mm x 120mm. The company started sending shipments in May and it is now operational in several locations across the globe.
Production and supply chain took a few blows due to the rising impact of the COVID-19 pandemic. This may slow down the process of fetching revenues. But, in the long run, it may not impact the market on a severe scale.
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