The Global Airborne Collision Avoidance Systems Market to grow from USD 610.85 Million in 2019 to USD 872.37 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.11%.
Market Segmentation & Coverage:
The research report categorizes the Airborne Collision Avoidance Systems Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Type, the Airborne Collision Avoidance Systems Market studied across ACAS I & TCAS I, ACAS II & TCAS II, Flarm, and Portable Collision Avoidance System (PCAS).
Based on Component, the Airborne Collision Avoidance Systems Market studied across Display Unit, Mode S&C Transponder, and Processor.
Based on Platform, the Airborne Collision Avoidance Systems Market studied across Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicle.
Based on End User, the Airborne Collision Avoidance Systems Market studied across Aftermarket and Original Equipment Manufacturers.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Airborne Collision Avoidance Systems Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Airborne Collision Avoidance Systems Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are advanced airborne collision avoidance system, rise in the number of uavs in commercial airspace, and growing emphasis on military aircraft safety. However, some factors such as high production cost may hinder the market growth. The Airborne Collision Avoidance Systems Market expected to showcase the opportunities such as implementation of acas in general aviation aircraft and government investing heavily in maintaining defense capabilities. Soon market may face the possible challenges in the growth due to increasing vulnerability of acas to cyberattacks and stringent government regulation to certify the product. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Airborne Collision Avoidance Systems Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Airborne Collision Avoidance Systems Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Airborne Collision Avoidance Systems Market, including Aspen Avionics, BAE Systems PLC, Becker Avionics, Collins Aerospace, Flarm Technology Ltd., Garmin Aerospace, Honeywell International Inc., Indra Sistemas, S.A., L3Harris Technologies, Inc, Leonardo SpA, Lockheed Martin Corporation, Qinetiq Group PLC, Raytheon Company, Rockwell Collins, Inc., Saab Group, Sandel Avionics Inc., Thales Group, and Universal Avionics Systems Corporation.