Global Enhanced Vision System Market 2024-2028
The enhanced vision system market is forecasted to grow by USD 68.32 mn during 2023-2028, accelerating at a CAGR of 4.52% during the forecast period. The report on the enhanced vision system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expanding applications of EVS in maritime navigation, mining and extraction, and healthcare, increasing demand for improved aviation safety, and advancements in sensor technology and image processing.
Technavio's enhanced vision system market is segmented as below:
By Component
- Display
- Camera
- Control electronics
- Processing units
- Sensors
By Platform
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the integration of AI-powered image processing and object recognition as one of the prime reasons driving the enhanced vision system market growth during the next few years. Also, commercialization of consumer-grade EVS and increasing miniaturization of EVS and adoption of wearable technologies will lead to sizable demand in the market.
The report on the enhanced vision system market covers the following areas:
- Enhanced vision system market sizing
- Enhanced vision system market forecast
- Enhanced vision system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading enhanced vision system market vendors that include Astronics Corp., BAE Systems Plc, Elbit Systems Ltd., Honeywell International Inc., Industrial Vision Systems Ltd., Kawasaki Heavy Industries Ltd., Keyence India Pvt. Ltd., Konica Minolta Inc., Mercury Systems Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Rosenbauer International AG, Rotorcraft Services Group, Samvardhana Motherson International Ltd., SOLOMON TECHNOLOGY CORP., Techman Robot Inc., Thales Group, Vision Components GmbH, Zebra Technologies Corp., and Skeyes. Also, the enhanced vision system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.