Terrain Awareness and Warning System (TAWS) Market

According to the new market research report "Terrain Awareness and Warning System (TAWS) Market by System Type (Class A, Class B, and Class C), Engine Type (Turbine Powered, and Pistonpowered), Application (Commercial, Military & Defence, Others), and Geography - Global Forecasts to 2022", the TAWS market is expected to be worth USD 253.0 Million by 2022, growing at a CAGR of 5.8% between 2016 and 2022. The TAWS market has a huge potential across various applications such as commercial aircraft, military and defense aircraft, and other aircraft.

Browse 75 market data tables and 67 figures spread through 172 pages and in-depth TOC on "Terrain Awareness and Warning System (TAWS) Market - Global Forecasts to 2022"
https://www.marketsandmarkets.com/Market-Reports/terrain-awareness-warning-system-market-168440166.html
Early buyers will receive 10% customization on reports.

The major factor driving the TAWS market across the world is the increasing number of fleet globally and mandate to install TAWS in aircraft by the directives of aviation regulation bodies in the U.S., the U.K., and China, among many other countries.

Market for Class A TAWS is expected to grow at the highest rate between 2016 and 2022

The market for Class A TAWS is expected to grow at the highest rate between 2016 and 2022. Class A TAWS installation has reduced controlled flight into terrain (CFIT) accidents globally by providing advanced safety features. This growth can be attributed to the increasing demand for military and defense aircraft from Asia Pacific and Rest of the World.

The market for turbine-powered aircraft is expected to grow at the highest rate between 2016 and 2022

The higher growth rate of the market for turbine-powered aircraft is attributed to the growing need for turbine engine-based aircraft in commercial and military and defense applications. The growth of the market for turbine-powered military and defense aircraft is due to the increasing demand for fighter planes, carrier planes, and military rotorcraft in countries such as the U.S., India, China, and Russia.

TAWS market for military and defense aircraft is expected to grow at the highest rate between 2016 and 2022

The higher growth rate of the military and defense aircraft globally is attributed to the growing need for safety, increasing government expenditure, and rapidly expanding inter-country conflicts as well as the terrorist activities.  India and China have cumulated their defense expenditures, which has consequently driven the TAWS market for military and defense carrier planes.

Currently, North America leads the TAWS market in terms of market size

North America is currently leading the TAWS market and is estimated to be at a leading position for the next few years, owing to the high adoption of TAWS. The growth of the TAWS market in North America is because of high government funding and FAA mandates, presence of leading players, and strong technical base. The major driving factor in North America is the presence of prominent vendors of TAWS including Universal Avionics Systems Corporation (U.S.), Honeywell International Inc. (U.S.), and L3 Technologies Inc. (U.S).

The TAWS ecosystem comprises companies such as Universal Avionics Systems Corporation (U.S.), Honeywell International Inc. (U.S.), L3 Technologies (U.S.), Avidyne Corporation (U.S.), Aviation Communication & Surveillance Systems (ACSS), LLC (U.S.), Garmin Ltd. (U.S.), Rockwell Collins (U.S.), Sandel Avionics, Inc. (U.S.), Aspen Avionics, Inc. (U.S.), Mid-Continent Instrument Co., Inc. (U.S.), and Genesys Aerosystems (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]