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Airborne Collision Avoidance System Market to Reach $7.97 Billion by 2022 - Key Players are Honeywell, Lockheed Martin, BAE Systems, L 3 Technologies & SAAB - Research and Markets

[May 24, 2017]

Airborne Collision Avoidance System Market to Reach $7.97 Billion by 2022 - Key Players are Honeywell, Lockheed Martin, BAE Systems, L 3 Technologies & SAAB - Research and Markets

Research and Markets has announced the addition of the "Airborne Collision Avoidance System Market - Global Forecast to 2022" report to their offering.

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. Regulatory mandates for the installation of ACAS II, rise in the number of UAVs in the commercial airspace, and rise in the number of aircraft deliveries are the key factors driving the airborne collision avoidance system market. However, implementation of ACAS in general aviation aircraft is one of the most important opportunities in the airborne collision avoidance system market.

Based on platform, the UAV segment is estimated to be the fastest-growing market of the airborne collision avoidance system in 2017. This growth can be attributed to the increasing demand for commercial and military aircraft which currently utilize various systems for colision avoidance such as Traffic Alert and Collision Avoidance System (TCAS), Automatic Dependent Surveillance-Broadcast (ADS-B), Radar and Electro optical and Infrared Sensors (EO-IR) are some of the key factors driving the growth of the airborne collision avoidance system market in the platform segment.

North America is estimated to have accounted for a major share of the airborne collision avoidance system market in 2017; this market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

Companies Mentioned