LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global commercial aircraft airborne collision avoidance system (ACAS) market predicts a CAGR of over 5% during the period 2017-2021.
The report segments the global commercial aircraft airborne collision avoidance system by application (narrow-body aircraft, wide-body aircraft, and regional aircraft), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global commercial aircraft airborne collision avoidance system, according to Technavio aerospace and defense researchers:
- Stringent regulatory obligations: a major market driver
- In 2016, the narrow-body aircraft segment dominated the market by occupying over 62% share
- The Americas dominated the global commercial aircraft airborne collision avoidance system with 41% share in 2016
- Honeywell, ACSS, Rockwell Collins, and Garmin are the leading players in the market
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Stringent regulatory obligations: a major market driver
Stringent regulatory obligations are one of the major factors driving the global commercial aircraft airborne collision avoidance system. The aviation industry is highly regulated by organizations such as FAA, EASA, and International Civil Aviation Organization (ICAO). The primary aim of these organizations is to ensure safety to passengers, cargo, and crew. Airworthiness is a mandatory certification given by regulatory authorities for an aircraft before it starts operations. Owing to regulatory obligations from different aviation agencies, the use of collision avoidance system is becoming more prominent. Such regulations promote the market as every commercial passenger aircraft must be equipped with traffic alert and collision avoidance system (TCAS).
According to Ramyabrata Chakraborty, a lead analyst at Technavio for aerospace components research, “A series of mid-air collisions impelled the refinement of the collision avoidance system which began in the 1950s. Currently, TCAS functions independent of the ground base ATC and prevents collisions for a broad spectrum of aircraft types. TCAS I provides traffic advisory and issues proximity warnings. TCAS II provides traffic advisory, along with resolution advisory, which gives the pilot advisory action to overcome collisions.”
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Americas: largest ACAS market
Technavio researchers anticipate high growth for the global commercial aircraft airborne collision avoidance system in the Americas due to the presence of many major collision avoidance system manufacturers, such as Honeywell, ACSS, and Rockwell Collins. Aircraft manufacturers and component manufacturers contribute a sustainable amount to the US economy. These component manufacturers hold a strong position in the global market with their technologically advanced products.
Competitive vendor landscape
The commercial aircraft airborne collision avoidance system (ACAS) market is highly competitive with few identified vendors. Vendors try to acquire market share through their innovative, cost-effective, and highly reliable products. Honeywell, ACSS, Rockwell Collins, and Garmin are one among the major vendors of the commercial aircraft airborne collision avoidance system (ACAS) market, and they compete in terms of price quality and technology. They also focus on the implementation of lightweight materials, robust systems, and electrical technologies.
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