Airborne Collision Avoidance System Market worth $797.1 Million by 2022

(I-TravelNewswire.Com, September 25, 2018 ) This report provides an analysis of the airborne collision avoidance system market over the next five years. It discusses industry and technology trends that are currently prevailing in the airborne collision avoidance system market. It analyses the factors that drive and restrain the growth of the airborne collision avoidance system market as well as the challenges faced by it. The airborne collision avoidance system market is projected to grow from an estimated USD 6.04 billion in 2017 to USD 7.97 billion by 2022, at a CAGR of 5.68% from 2017 to 2022. Some of the key drivers in the growth of the airborne collision avoidance system market include rise in the number of UAVs in the commercial airspace.

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With the introduction of various technologies such as mode s & c transponder, TCAS Alert Prevention (TCAP), sense and avoid module for UAVs have increased manifold and is prevalent in this market.

Among end use, the aftermarket segment of the airborne collision avoidance system is projected to be the fastest-growing market the during the forecast period. Aircraft aftermarket components are primarily used in the maintenance and upgrade of aircraft. These components are supplied once the aircraft is delivered to airlines. Aftermarket services include complete maintenance, repair, and overhaul of aircraft, specializing in both, metallic and composite repair techniques.

Among type, the ACAS I & TCAS I segment of the airborne collision avoidance system is projected to be the fastest-growing market during the forecast period. ACAS I & TCAS I systems are relatively expensive, and tend to be implemented on only on larger aircraft. They are effective in avoiding collisions only with other aircraft that are equipped with functioning transponders.

Among component, the mode s & c transponder segment of the airborne collision avoidance system is projected to be the fastest-growing market during the forecast period. Mode S transponder is required to be installed and operational for TCAS II. The Mode S transponder performs normal functions to support the ground-based ATC system.

The North American region is projected to lead the airborne collision avoidance system market during the forecast period. The Asia-Pacific airborne collision avoidance system market is projected to grow at the highest CAGR from 2017 to 2022, due to increasing air passenger traffic, rising disposable incomes of the middle-class populations, and increasing aircraft deliveries. The rise in new aircraft deliveries in this region has propelled the demand for airborne collision avoidance systems, which is expected to boost the airborne collision avoidance system market during the forecast period.

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