This report provides an analysis of the airborne collision avoidance system over the next five years. It discusses industry and technology trends that are currently prevailing in the airborne collision avoidance system market. It analyzes the factors that drive and restrain the growth of the airborne collision avoidance system as well as the challenges faced by it. The airborne collision avoidance system is projected to grow from $ 6.04 billion in 2017 to $ 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 the number of UAVs in the commercial airspace.
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With the introduction of various technologies such as transponder, TCAS Alert Prevention (TCAP), sense and avoid modules for UAVs have become prevalent in this market.
During the forecast period, the aftermarket segment of the airborne collision avoidance system is projected to become the fastest growing market. 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 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 performs the functions required to support the ground-based ATC system.
The North American region is projected to lead the airborne collision avoidance system during the forecast period. The Asia-Pacific airborne collision avoidance system is projected to grow at the highest CAGR from 2017 to 2022, increasing disposable incomes of the middle-class population, and increasing aircraft deliveries. During the forecast period, the new airborne collision avoidance systems system is expected to increase.
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