Honeywell International Inc. (U.S.) and Lockheed Martin Corporation (U.S.) are the Major Player in the Airborne Collision Avoidance System Market
Airborne collision avoidance system can be defined as a system to avoid incidences of mid-air collision among aircraft. This system provides traffic advisories, resolution advisories, and reverse advisories, based on type. It operates independent of ground-based equipment and air traffic control, and helps identify incidences of potential air collisions, as well as suggests suitable courses of action to reduce the risk of collisions. The airborne collision avoidance system market is projected to grow from an estimated USD 604.7 Million in 2017 to USD 797.1 Million by 2022, at a CAGR of 5.68% from 2017 to 2022. The market in Europe is growing due to the increase in aircraft modernization programs, whereas the Asia-Pacific market is growing due to the rising disposable incomes of the middle-class populations, and increasing aircraft deliveries.
With the introduction of various technologies such as mode s & c transponder, sense and avoid modules for UAVs have increased manifold and is prevalent in this market.
Honeywell International Inc. (U.S.) is a major player in the airborne collision avoidance system market. The company focuses on contracts through extensive R&D activities. For instance, in 2015, Honeywell signed a contract with the Turkish Airline, SunExpress, to supply the company's latest cockpit technologies, including SmartTraffic Traffic Collision Avoidance System for Boeing 737-800 airplanes.
Lockheed Martin Corporation (U.S.) is another major player in the airborne collision avoidance system market. The Company has a strong geographical reach covering Eastern Hemisphere Europe, Middle East, Africa & Asia and Western Hemisphere (Americas). The wide and distributed channels lead to strong viability. The company has a scope for betterment in growth strategies (organic and inorganic) by indulging in more contractual agreements and new product developments. For instance, in 2015 the company developed an Automated Air Collision Avoidance System (Auto ACAS) which automatically maneuvers fighter aircraft at the last instant to prevent imminent mid-air collisions in the highly dynamic air combat maneuvering training environment.
Related Reports:
Airborne Collision Avoidance System Market by Type (ACAS I & ACAS I, ACAS II & ACAS II, PCAS, FLARM), Platform (Fixed wing, Rotary Wing, UAV), Component (Processor, Mode S & C transponder, Display unit), End-Use, and Region - Global Forecast to 2022
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