Airborne Collision Avoidance System Market - By Type (ACAS I & TCAS I, ACAS II & TCAS II, Portable Collision Avoidance System (PCAS), FLARM), By Component (Processor, Mode S & C Transponder, Display Unit), By End Use, By Sales Channel & Forecast, 2023 - 2
Airborne Collision Avoidance System Market - By Type (ACAS I & TCAS I, ACAS II & TCAS II, Portable Collision Avoidance System (PCAS), FLARM), By Component (Processor, Mode S & C Transponder, Display Unit), By End Use, By Sales Channel & Forecast, 2023 - 2032
Airborne collision avoidance system market size is projected to expand at over 5% CAGR from 2023 to 2032, due to the increasing air traffic and the growing need for enhanced aviation safety. The rising technological advancements, including the integration of radar, TCAS (Traffic Collision Avoidance System), and ADS-B (Automatic Dependent Surveillance–Broadcast) are paving the way for enhanced collision avoidance capabilities. There has also been a rise in regulatory mandates and initiatives by aviation authorities to improve airspace safety.
Additionally, the rising focus on autonomous and unmanned aerial vehicles (UAVs) will fuel the adoption of collision avoidance systems. The continuous development of innovative and reliable solutions to mitigate the risk of mid-air collisions will further aid the industry development. For instance, in August 2023, leading European defense industry sensor solutions provider Hensoldt announced the development of a new collision warning system to facilitate safe operations.
The airborne collision avoidance system market is segregated into type, component, end-use, sales channel, and region.
Based on component, the industry share from the processor segment is estimated to surge at substantial CAGR through 2032. The growth can be attributed to the rising advancements in computing technologies and the growing demand for real-time data processing. The integration of powerful processors in collision avoidance systems is also providing quicker response times, and improved overall effectiveness for preventing collisions.
Airborne collision avoidance system market from the rotary wing segment will foresee significant growth from 2023 to 2032. This is due to the increasing use of helicopters in military, emergency medical services, and commercial operations. Moreover, the rising need for enhanced safety measures, especially in low-altitude and high-traffic environments will fuel the demand for effective collision avoidance systems to match the unique operational characteristics of rotary-wing aircraft.
Regionally, the Asia Pacific airborne collision avoidance system industry is projected to thrive at over 6% CAGR between 2023 and 2032. This is owing to the increasing air traffic, the rising focus on modernizing aviation infrastructure, and stringent regulatory requirements for aviation safety. The expanding commercial aviation sector and the rising investments in defense sector will fuel the product demand across the region.