What is Airborne Collision Avoidance System Market Scope?
An airborne collision avoidance system is an innovative system that is operated independently of ground-based equipment and air traffic control. It helps in warning pilots about the presence of other aircraft that may present a threat of collision. If the system checks that there is any collision, the system itself initiates a maneuver that will reduce the risk of collision. This system consists of four component which includes vertical advisories, a pilot interface, safety logic, and airborne surveillance. Moreover, the increasing need for traveling through the air has made it necessary to have this system, hence driving the market
Influencing Trend:
Adoption of Mode S Transponder in these Airborne Collision Avoidance System and Increase in the Adoption of UAVs in order to Improve the Operational Safety and Enhance the Lifetime of UAV
Market Growth Drivers:
Increase in Global Air Traffic, The Rise in Number of Mid-Air Collisions and Stringent Regulation by the Government Bodies such as Standardized European Rules of the Air (SERA)
Challenges:
Issues Related Towards the Malfunctioning of these Systems and High Installation Cost for these Systems
Restraints:
Adherence to Mandatory Certifications and Increasing Vulnerability to Cyberattacks
Opportunities:
Growing Number of Aircraft Deliveries across the Globe and Implementation of ACAS in General Aviation Aircraft
The Airborne Collision Avoidance System market study is being classified by Type (ACAS I & TCAS I, ACAS II & TCAS II, Portable Collision Avoidance System (PCAS) and FLARM), by Application and major geographies with country level break-up.
According to AMA, the Global Airborne Collision Avoidance System market is expected to see growth rate of 5.65% and may see market size of USD993.01 Million by 2028.The market is concentrated, with, a few players controlling the majority of the market. Honeywell International Inc., L3 Technologies Inc., Collins Aerospace, Leonardo S.p.A, Thales Group are some of the prominent players in the military collision avoidance systems market currently. Companies are trying to manufacture advanced collision avoidance systems with enhanced capabilities to ensure more safety for the pilots and troops. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Airborne Collision Avoidance System market throughout the predicted period.
Honeywell International Inc (United States), Lockheed Martin Corporation (United States), BAE Systems Plc (United Kingdom), L 3 Technologies, Inc (United States), SAAB Group (Sweden), Rockwell Collins Inc. (United States), Garmin Ltd (Switzerland), QinetiQ Group Plc. (United Kingdom), Thales Group (France) and FLARM Technology Ltd (Switzerland) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Airborne Collision Avoidance System market by Type, Application and Region.
On the basis of geography, the market of Airborne Collision Avoidance System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In May 2020, BAE Systems has completed the acquisition of Raytheon Technologies Corporation’s Airborne Tactical Radios business, bringing industry-leading, battle-tested products, and capabilities into the company’s extensive Electronic Systems portfolio.
In the United States, if an aircraft is equipped with ACAS, it must be an approved system operating under the regulation contained in FAR 91.221. The aircraft must be equipped with TCAS if is turbine-powered and has 10 to 30 passenger seats (FAR 135.180). Whether the aircraft is operated under part 91 or part 135, if it is equipped with TCAS II, it must be version 7 (TSO C-119). and The European Aviation Safety Agency (EASA) requires ACAS II (effectively TCAS II, version 7.1) for all fixed-wing turbine-powered aircraft that have a maximum takeoff weight of greater than 5,700 kg (12,566 lbs) or have more than 19 passenger seats. This requirement applies to all flights conducted in European Union airspace.
Key Target Audience
Aircraft OEMs, Airborne Collision Avoidance System Manufacturers, Research Institutes and Organizations, Military Service Providers, Regulatory Bodies, Subcomponent Manufacturers, Technology Support Providers and Others
Airborne Collision Avoidance System Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Airborne Collision Avoidance System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Airborne Collision Avoidance System industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.