ID: MRFR/A&D/6084-CR | 111 Pages | Author: Sejal Akre | March 2019
Market Overview
In recent years, the decreasing demand over the accidents attributed to controlled flight into terrain (CFIT) gave rise to the terrain awareness and warning system (TAWS). The advanced technology has features that serve as a vital layer of protection and provides life-saving information.
According to various weather conditions, the aircraft navigate can change the terrain is a unique feature. TAWS works as a safety net, which provides a specific warning to pilots.
The terrain awareness and warning system market has registered to grow at ~4.97% CAGR for the forecast period of 2023.
The report explains that European countries have domination over the terrain awareness warning system market because Russia and the UK countries have massive defence expenditure growth. The Middle East & Africa, and North America have a growing demand in directives from major aviation agencies and the transport sector, driving the terrain awareness and warning system market growth in the upcoming years. In 2017, Asia-Pacific took second-largest market share in the terrain awareness warning system market as demand for better situational awareness systems and reduced fuel consumption increased in the regions.
The comprehensive report has focused on the research and developments of the TAWS market. It has a focus on the initiatives taken by the key drivers to uplift the global market. Moreover, this market has based on certain factors like the segmental market, market dynamics, COVID-19 analysis, competitive analysis, regional analysis and more.
COVID-19 Impact on the TAWS Market
The COVID-19 has affected the global market of all regions due to the lockdown period. At this time, the TAWS industry faced many problems as no transportations facilities, no production, lack of workforce, and many more. The pandemic has hampered the global market sales and unable to deliver its products on time. Moreover, the global market has disrupted the supply chain. Besides, COVID 19 affected the financial aspects of the key industry and firms.
The report mentions that the situation has slowly changed now, and the TAWS market has overcome the pandemic situation. The global market has adopted various techniques and strategies to upgrade their business all over the regions. The inclusion of more key drivers has been proved a right strategy by the terrain avoidance system market.
Global Market Dynamics
The terrain awareness and warning system market growth are increasing day by day due to the key drivers' efforts. The major key drivers include original equipment manufacturers, military departments, technology providers, aerospace and defence industry players, research organizations, governments, financial institutions, investment communities, and end-users (military & defence aircraft operators, commercial aircraft operators, and others).
The report explains that the growing demand for upgrading the ground proximity-warning system (GPWS) and aviation safety with TAWS has increased the inclusion of more key drivers to driving the TAWS market. Additionally, Asia-Pacific has generated 26.50% of global market share, and Europe has registered a 29.36% of TAWS global market. The European countries are doing hard work on upgrading its industries to develop their business all over the regions. Therefore, the implementation of industrial automation and improvement in the manufacturing facilities has been done by the European countries to increase the market share.
Nowadays, the terrain awareness and warning system market share has increased to spectacular heights. The TAWS market has maintained constant stability over the years. It means that the TAWS market has various opportunities in the global market. The increasing demand from the military transport community and other sectors has given opportunities to the TAWS market's global production.
The report has explained that the count of key players is the reason to uplift the TAWS market's market growth. With the addition of key players and increasing demand, the selling and manufacturing of TAWS goods will grow.
The terrain awareness and warning system market has introduced turbine-powered aircraft, which contributes a major share in the global market due to its advanced durability, reliability, and safety features. It has more demand in the global market than the increasing demand for turbine engine-based aircraft and the piston-powered aircraft in commercial operations. The rising needs of the customers might face market restraints due to the unavailability of key drivers.
The report mentions that terrain awareness and warning system cost can also be the market restraints as new advanced technologies have introduced in this sector.
The TAWS industry might face challenges in the distribution of products to all the regions. As the customers and companies' demands have increased, the TAWS market needs a revolution to reach all the areas with quality products. The global market has engaged more key drivers to cope with the challenge to overcome this situation.
The report explains that TAWS has always faced a challenge in the marketing field, but their hard work again strengthened the industries to overcome the situation.
As per the terrain awareness and warning system market overview, the growth analysis is very important to measure. The global key players are the major drivers for the expansion of the TAWS market. Hence, the key players have taken initiatives to bring success to the TAWS market by improving its sales and productions.
The report mentioned that the pandemic had affected its productivity somehow, but the key players used various strategies to overcome this situation and present the global market is booming.
Value Chain Analysis
The helicopter terrain awareness and warning system have recorded more revenue generation for the forecast period. It has aimed to cross its previous record and hampered the TAWS market. In the present scenario, the global market has maintained its stable position in the marketing field, and every passing year it is growing its level up.
The report has explained that the highly accurate database used in the TWAS is increasing its market value and growing its supply chain.
Segment Overview
According to the segmental classification, the aircraft has two types: Piston Engine Powered, Turbine Engine Powered. Both of these types have different operative systems.
The report says that both of these types have different functions and features. According to the customers and companies requirement, they order these aircraft types.
The global market's segmental classification has three systems like Class A, Class B, and Class C. The Class A system indicates imminent contact with the ground and provides terrain information on a display system.
The report explains that these three systems' terrain awareness and warning system cost differs from each other. Therefore, the companies order these systems according to their requirement.
Based on the product application's segmental classification, it has various sectors like Carrier Planes, Civil Airlines, Civilian or Private Rotorcraft, Fighter Planes, Military and defence Aircraft, Commercial Aircraft, Chartered Planes, Rotorcraft, and others.
As a result, the terrain awareness and warning system alert sound for its various applicability and limited product availability. The global market has encouraged the key players to grow in the marketing field.
Regional Analysis
According to the regional segmentation, the TAWs market has its connection worldwide, such as North America, Asia-Pacific, the Middle East & Africa, Europe, and Latin America. Among all these continents, the European countries have domination over the TAWS market by reaching the companies of all regions' demands.
As a result, the key players have taken responsibilities to grow their business all over the world. Its focus is to reach all the remote parts of the countries.
Competitive Landscape of the Global Market
The competitive analysis includes the research of journals, paid databases, presentations, press releases, associations etc. The study explains that the major key players are:
All the key players have adopted various strategies to develop their business all across the world.
Recent Market Developments
Report Overview
Segmentation Table
Piston Engine Powered,
Turbine Engine Powered
Class A,
Class B,
Class C
Carrier Planes,
Civil Airlines,
Civilian or Private Rotorcraft,
Fighter Planes,
Military and defence Aircraft,
Commercial Aircraft,
Chartered Planes,
Rotorcraft, and others.
Terrain awareness and warning (TAWS) system market is touted to record a substantial market valuation of USD 295.65 million by 2023.
Terrain awareness and warning (TAWS) system market is projected to register a moderate 4.97% CAGR in the forecast period.
The Class A segment is expected to observe substantial demand over the review period.
The turbine engine segment is expected to secure the highest CAGR.
A few eminent market players operating in the global Terrain awareness and warning (TAWS) system market are Collins Aerospace (US), Elbit Systems Ltd (Israel), Honeywell International Inc. (US), among others.
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