Airborne Collision Avoidance System Market Worth 797.1 Million USD by 2022

  Airborne Collision Avoidance System Market Worth 797.1 Million USD by 2022

  PR Newswire

  PUNE, India, October 13, 2017

PUNE, India, October 13, 2017 /PRNewswire/ --

The report "Airborne Collision Avoidance System Market by Type (ACAS I & ACAS
I, ACAS II & ACAS II, PCAS, FLARM), Platform (Fixed wing, Rotary Wing, UAV),
Component (Processor, Mode S & C transponder, Display unit), End-Use, and
Region - Global Forecast to 2022 " , published by MarketsandMarkets™ , the
market is projected to grow from USD 604.7 Million in 2017 to USD 797.1
Million by 2022, at a CAGR of 5.68% from 2017 to 2022. Rise in the number of
UAVs in the commercial airspace, and increased deliveries in the number of
aircraft are the major factors driving the airborne collision avoidance system
market.

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Browse 71 market data tables and 47 figures spread through 140 pages and
in-depth TOC on   "Airborne Collision Avoidance System Market - Global
Forecast to 2022"  

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Based on platform, the fixed wing segment is projected to lead the airborne
collision avoidance system market during the forecast period  

On the basis of platform, the fixed wing segment is estimated to lead the
airborne collision avoidance system market during the forecast period. The
commercial and military aviation sectors have witnessed significant growth
over the past few years, and this trend is anticipated to continue in the near
future. The increase in commercial aviation operations, rise in air travel,
and increase in defense expenditures are some of the key factors driving the
growth of the airborne collision avoidance system market in the fixed wing
segment.

Based on component, the mode s & c transponder segment is projected to grow at
the highest CAGR during the forecast period  

On the basis of component, the mode s & c transponder segment of the airborne
collision avoidance system market is projected to grow at the highest CAGR
during the forecast period. This is attributed to the demand for TCAS II
installations which provide air-to-air data exchange among TCAS-equipped
aircraft, so that coordinated, complementary resolution advisories can be
issued when required.

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North America is projected to lead the airborne collision avoidance system
market during the forecast period  

North America is projected to lead the airborne collision avoidance system
market during the forecast period. The growth of the airborne collision
avoidance system market in North America is expected to be driven by the
increase in aircraft deliveries and rise in demand for new aircraft entering
the market.

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Major players profiled in the airborne collision avoidance system market
report are Honeywell International Inc. (U.S.), Lockheed Martin Corporation
(U.S.), BAE Systems Plc (U.K.), L 3 Technologies, Inc. (U.S.), and Saab Group
(Sweden), among others.

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