Pune, India, December, 2018/ MRFR Press Release/- Market research future published a cooked research report on Global Military Airborne Collision Avoidance Systems Market.
Military airborne collision avoidance system (ACAS) reduce the risk of a mid-air collision between aircrafts by warning pilots about the presence of other aircrafts which might pose a threat of collision. ACAS systems are based on transponder signals and work independently of flight management systems. The global military airborne collision avoidance systems market is estimated to grow at a CAGR of approximately 5% over the forecast period of 2016-2021, as per a thoroughly analyzed research report by Market Research Future (MRFR).
The rise in a number of military aircrafts can be credited to the growth of the global military airborne collision avoidance systems market. Increased global conflicts have led to the deployment of military aircrafts since they play a crucial role in war or crisis management. To maintain operability of aircrafts the demand for military airborne collision avoidance systems has increased drastically.
Military airborne collision avoidance systems ensure safe operation and safe maneuverability and help avoid accidents due to which they have become standard in new military aircraft. In addition, the current transition from ground-based augmentation system to satellite-based augmentation system is likely to induce greater demand for military airborne collision avoidance systems.
Military aircrafts are meant to operate in remote and dangerous environments along with adhering to visual flight rules (VFR) and instrument meteorological conditions (IMC) day and night which raises the risk of mid-air collision. For the same reason, regulatory norms make it necessary for military aircrafts to be equipped with ACAS which further accelerate the growth of the market. Regulatory bodies such as EUROCONTROL, ICAO, and respective military organizations have also set forward standard practices and recommended policies for the installation of ACAS. However, difficulties in developing robust ACAS and limitations of current ACAS remain hurdles to the growth of the global military airborne collision avoidance system market.
The global military airborne collision avoidance systems market has been segmented based on type and technology.
By type, the global military airborne collision avoidance systems market has been segmented into TCAS, RADAR, PCAS, GPWS, OCAS, FLARM, and TAWS.
By technology, the global military airborne collision avoidance systems market has been segmented into Radar-based system, Lidar-based system and Ultrasonic system.
North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America are the key markets for military airborne collision avoidance systems.
North America, especially the US boasts of a robust defense sector and spends a massive amount on military aircraft modernization. The US spends a substantial amount on maintenance and operability of its existing fleet since they are a more cost-effective option than replacing an entire aircraft which supports the growth of the North America market for military airborne collision avoidance system market.
Europe too is a significant revenue pocket since it spends considerably on its defense mechanism. However, the economic slowdown on Europe might affect the market growth adversely.
APAC and the MEA markets are expected to substantial showcase growth over the forecast period. Emerging nations in APAC such as China and India have raised their defense budgets and are investing heavily on the purchase of new aircrafts, including ACAS which drives the market in APAC. The defense spending in MEA has also seen an upsurge which will reflect positively on the growth of the market.
Thales Group (France), Saab AB (Sweden), Diehl Stiftung & Co. KG (Germany), L3 Technologies, Inc. (U.S.), Leonardo S.p.A. (Italy), Indra (Spain), Honeywell International (U.S.), Safran Electronics & Defense (France), Rockwell Collins (U.S.), and ACAS market are Airbus (France) are the key players in the global military airborne collision avoidance system market.