30 October 2020
Visiongain has published a new report on Commercial Aircraft Video Surveillance Systems Market Report : Forecasts by Application (Cockpit Door Surveillance, Cabin Surveillance, Ground Manoeuvring, Entertainment Camera System), by Aircraft Type (Narrow Body, Wide Body, Very Large, Regional Transport, Helicopter), by End Use (OEM, Aftermarket) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global commercial aircraft video surveillance systems market was valued at US$ xx billion in 2021 and is projected to reach at a market value of US$ xx billion by 2031. Commercial aircraft video surveillance systems market has been witnessing strong growth over the past few years on account of increasing aircraft deliveries across the globe. The demand for air travel has increased significantly in the recent past owing to rise in international trade and tourism, affordable air travel, and growth of low cost carrier airline operators across the globe. Increasing demand for commercial aircraft has directly impacted the market for commercial aircraft video surveillance systems. In addition, increasing need for surveillance systems due aviation mandates has further bolstered the market growth and is expected to continue its trend over the forecast period. Moreover, need for enhanced surveillance and security solutions for aircraft coupled with increasing demand for enhancing pilots vision during takeoff, landing, and aircraft parking is one of the main factors driving the market for aircraft video surveillance systems. However, the ongoing pandemic of Covid-19 has hampered the air travel considerably in 2020 and airline operators have kept their plans for the procurement of new aircraft on hold due to economic instability and negative impact on international trade and tourism.
COVID-19 Impact on Commercial Aircraft Video Surveillance Systems Market
Due to Covid-19, the international trade and tourism has dropped significantly and the market is expected to recover its stability slowly over the next two to three years. As the international trade and commerce business sector is witnessing sluggish growth, the demand for commercial aircraft video surveillance systems is expected to slow down during the first half of the forecast period till 2022. On account of lockdown imposition in majority of the countries, air passenger traffic across the globe has reduced drastically and is one of the major factors expected to hamper the market growth in short term. Covid-19 has impacted global economies significantly in 2020 and is expected to affect the capital expenditures of major airline operators across the globe. As a result, the demand for commercial aircraft including narrow body, wide body aircraft and very large body aircraft is expected to decline in near future. Due to lesser demand for aircraft from commercial aviation sector, the demand for aircraft video surveillance systems is expected to fall. It is anticipated that the market will see positive growth in narrow body aircraft segment from 2022.
Some of the company’s profiled in this report include Meggitt Plc., Raytheon Technologies, Ad Aerospace Plc., Cabin Avionics Ltd., Navaero, Inc, Orbit Technologies Ltd, Global Epoint, Inc, Strongpilot Software Solutions, Groupe Latécoère and Aerial View Systems, Inc...
• In December 2019, AD Aerospace has announced that the company has successfully tested their new external camera, FV-0361. The Camera has passed several tests including Direct Lightning Effects Testing to DO-160G in which camera has to sustain direct lightning strikes. The camera has sustained lightning strikes of about 75kV voltage in the first phase and 100kA High Current in the second phase.
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