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Global Commercial Aircraft Airborne Collision Avoidance System Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

05-20-2022 03:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global commercial aircraft airborne collision avoidance system market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2022-2028). The commercial aircraft airborne collision avoidance system is used to improve the pilot's awareness of the nearby aircraft and as the last line of defense against mid-air collisions. These technologies alert the ground control station and pilots with auditory warnings and visual displays when a probable collision occurs. The deployment of advanced collision avoidance systems on the existing fleet of commercial aircraft was prompted by increased safety rules imposed by aviation regulatory agencies. Version 7.1 TCAS software as required by the International Civil Aviation Organization (ICAO) Annex 10 had been installed on new aircraft by January 2014 and on all current aircraft by January 2017. TCAS II is required by the US for commercial aircraft with more than 30 passengers or a maximum takeoff weight of more than 33,000 pounds, including regional aircraft.

North America is dominating the market as many regional and international airline companies in the region have purchased more aircraft as a result of increased air traffic. Boeing, one of the largest aircraft manufacturers globally, has a high demand for aircraft collision avoidance systems. As aircraft OEMs get new orders, demand for commercial aircraft collision avoidance systems rises, as the FAA mandates collision avoidance systems to be installed in all operating aircraft. The aerospace industry in the US is well-established, with a well-developed aviation infrastructure, which is a primary factor driving the growth of the market in the country. The presence of a highly vigilant aviation regulatory agency, the FAA, which actively participates in the formulation and updating of applicable civil and commercial aviation regulations, has prompted the adoption of mandated safety measures, such as the integration of CAS onboard every aircraft originating or operating the US airspace.

The significant growth in global passenger traffic has prompted airlines to launch procurement campaigns and put solid orders for next-generation aircraft. Since the installation of a collision-avoidance system is required by ICAO requirements, new aircraft deliveries would increase the likelihood of line-fit installation.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By End-User

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Honeywell International Inc., ACSS, Collins Aerospace, Garmin Ltd., and BAE Systems, among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Commercial Aircraft Airborne Collision Avoidance System Market is available at:
https://orionmarketreports.com/global-commercial-aircraft-airborne-collision-avoidance-system-market/108718/

Global Commercial Aircraft Airborne Collision Avoidance System Market Report by Segment

By Product Type
• Software
• Hardware

By End-User
• Narrow-Body Aircraft
• Wide-Body Aircraft

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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