Market Overview:
The military airborne collision avoidance system market is anticipated to reach $950.6 Million by 2030 and register a CAGR of 4% over the forecast period and of 2020-2030.
MRFR has recently published an exclusive report on military airborne collision avoidance system where it has outlined various factors affecting the market.
Military airborne collision avoidance system (ACAS) is designed based on transponder signals and warn pilots about the presence of other aircraft which helps in the reduction of the risk of a mid-air collision. They are generally used in remote and dangerous environments and have gained massive significance in the past few years.
ACAS has become standard in military aircraft where heightened operation safety and manoeuvrability is of paramount importance. Military aircraft are meant to function in a dangerous and volatile environment where the occurrence of aircraft collision is a strong possibility. There has been a sharp rise in the global conflicts between various countries, which have led to the deployment of military aircraft to ensure crisis management in case of war. Moreover, military aircraft are bound to flow visual flight rules (VFR) and instrument meteorological conditions (IMC), which further increases the chance of mid-air collision. Increase in military aircraft has created a conducive setting for the military airborne collision avoidance systems market growth.
Military aircraft are subject to regulatory monitoring which mandates military aircraft to be equipped with ACAS. Regulatory bodies such as EUROCONTROL, ICAO, and other military organizations have enacted standards and policies which advocate for the installation of ACAS.
The rise in a number of military aircraft along with increased spending on defense system by various armies of the world has contributed to the market growth.
On the contrary, the development process of a robust ACAS is met by various technical challenges while current ACAS system limitations too act as a restraining force for the market growth.
Key Players:
L3 Technologies, Inc. (U.S.), Diehl Stiftung Co. KG (Germany), Saab AB (Sweden), Indra (Spain), Thales Group (France), Safran Electronics Defense (France), Leonardo S.p.A. (Italy), Airbus (France), Rockwell Collins (U.S.), and Honeywell International (U.S.) are the key players in the military airborne collision avoidance system market.
Market Segmentation
The Military Airborne Collision Avoidance Systems Market has been segmented based on type and technology.
On the basis of type, the Military Airborne Collision Avoidance Systems Market has been segmented into TCAS, PCAS, GPWS, RADAR, OCAS, FLARM, and TAWS.
On the basis of technology, the Military Airborne Collision Avoidance Systems Market has been segmented into ultrasonic system, radar-based system, and LiDAR-based system.
Regional Analysis:
By region, the global military airborne collision avoidance systems market industry has been segmented into North America, South America, the Middle East Africa (MEA), Europe, and Asia Pacific (APAC).
North America is the reigning market for military airborne collision avoidance system. A strong defense sector in the region, especially the US has a robust defense sector which spends abundantly on it. The US is opting for improving the operability of its existing fleets to enjoy economic gains. Moreover, they are also investing in the procurement of new aircraft, which is providing a boost to the military airborne collision avoidance system market.
Europe military airborne collision avoidance system accounts for a substantial share of the market. The region spends a considerable amount on its defense mechanism which can be fruitful for the market growth.
The emerging markets of APAC and MEA are estimated to gain prominence in the military airborne collision avoidance system market. In the APAC region, developing countries such as China and India are investing in the procurement of new aircraft and have inflated their defense spending, including ACAS which is likely to reflect positively on the market growth.
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