Airborne Collision Avoidance System Market Forecasts to 2030 – Global Analysis By Type (Traffic Alert and Collision Avoidance System, Portable Collision Avoidance System (PCAS), Flight Light Advanced Reporting System and Other Types), Component, Platform,

Airborne Collision Avoidance System Market Forecasts to 2030 – Global Analysis By Type (Traffic Alert and Collision Avoidance System, Portable Collision Avoidance System (PCAS), Flight Light Advanced Reporting System and Other Types), Component, Platform, End User and By Geography

According to Stratistics MRC, the Global Airborne Collision Avoidance System Market is accounted for $0.7 billion in 2023 and is expected to reach $1.2 billion by 2030 growing at a CAGR of 7.6% during the forecast period. Airborne Collision Avoidance System (ACAS) is a crucial avionics technology designed to enhance flight safety by preventing mid-air collisions between aircraft. Also known as Traffic Alert and Collision Avoidance System (TCAS), it utilizes radar and transponder data to detect nearby aircraft and assess collision risks. When a potential threat is identified, the system provides timely advisories to pilots, instructing them on the necessary evasive actions, such as climbing or descending, to avoid a collision. Mandated on most commercial aircraft, and has significantly contributed to the reduction of mid-air collisions, ensuring safer skies and fostering a critical layer of protection for global aviation.

Market Dynamics:

Driver:

Rise in commercial air travel and the proliferation of drones

Soaring commercial air travel and drone numbers are fueling the airborne collision avoidance system (ACAS) market. More planes and drones in the sky raise the risk of mid-air incidents. To mitigate this, regulations are tightening, mandating airborne collision avoidance system in various aircraft. This, coupled with continuous advancements and affordability of airborne collision avoidance system technology, makes it even more attractive for operators. As safety remains paramount, airlines and drone users prioritize ACAS adoption, driving significant growth in the airborne collision avoidance system market.

Restraint:

High initial investment and ongoing maintenance expenses

The aviation industry, especially smaller entities, may find it financially burdensome to adopt these advanced safety technologies. The substantial upfront costs deter potential buyers, leading to slower market penetration. Moreover, ongoing maintenance expenses can strain operational budgets, hindering regular updates and compliance with evolving safety standards. This financial barrier creates a disparity in safety measures across different segments of the aviation sector.

Opportunity:

Increasing focus on aviation safety, airlines and aviation

Airlines and aviation authorities prioritize safety measures, leading to a growing demand for advanced collision avoidance technologies. The requirement for effective collision prevention systems, such as ACAS, is heightened as the aviation industry places safety at the forefront. Airlines invest in state-of-the-art avionics to enhance airspace safety and comply with stringent safety standards. This focus on safety stimulates the adoption of airborne collision avoidance system, driving market growth.

Threat:

Cybersecurity threats

As airborne collision avoidance system relies on sophisticated software and communication technologies, it becomes susceptible to cyberattacks, potentially compromising its integrity and functionality. Unauthorized access or manipulation of these systems could lead to false data inputs, system malfunctions, or even complete failures, jeopardizing the safety of air travel. The inherent risk of cyber threats discourages aviation stakeholders from fully embracing these crucial safety technologies. Moreover, concerns about the vulnerability of ACAS to hacking and unauthorized interference hinder the industry's confidence in the reliability of collision avoidance systems.

Covid-19 Impact

The COVID-19 pandemic significantly hampered the Airborne Collision Avoidance System (ACAS) market. Grounded flights and plummeting air travel demand led to a sharp decline in both new system installations and upgrades. This reluctance to invest in non-critical upgrades like ACAS slowed market growth. The downturn not only impacted sales but also stalled research and development efforts, further hindering innovation in the ACAS industry. While the market is expected to recover as air travel rebounds, the pandemic's impact will likely be felt for some time.

The traffic alert and collision avoidance system segment is expected to be the largest during the forecast period

The traffic alert and collision avoidance system segment is estimated to have a lucrative growth, due to enhanced air traffic safety by providing real-time alerts to pilots about potential collisions with other aircraft and r recommending evasive manoeuvres. The synergistic effect of traffic alert and collision avoidance system within this system significantly bolsters the market by instilling confidence in aviation stakeholders. Thus the Airlines and operators prioritize these systems to comply with safety standards, positively influencing the market's growth.

The unmanned aerial vehicle segment is expected to have the highest CAGR during the forecast period

The unmanned aerial vehicle segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the increasing use of UAVs for various applications, including surveillance, delivery, and infrastructure inspection, the demand for collision avoidance systems has surged. ACAS, designed to prevent mid-air collisions, becomes crucial in managing the integration of manned and unmanned aircraft in shared airspace. This trend positively affects the ACAS market, as manufacturers and operators of unmanned aerial vehicles seek to adhere to safety standards and address concerns related to airspace congestion.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's expanding aviation sector and increasing air traffic. The rising demand for air travel, coupled with the modernization of aircraft fleets, is driving the adoption of advanced safety technologies, including ACAS. Countries like China and India are investing heavily in aviation infrastructure and fleet expansion, creating substantial opportunities for ACAS manufacturers. The growing awareness of safety regulations and the need to comply with international aviation standards further propels the market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the United States and Canada, in particular, are witnessing increased adoption of ACAS as airlines prioritize cutting-edge safety measures. The Federal Aviation Administration's (FAA) emphasis on safety standards and the continuous modernization of air traffic management contribute to the market's expansion. Additionally, a high concentration of major aircraft manufacturers and a significant number of commercial airlines in the region further propel ACAS deployment. The growing awareness of the importance of collision avoidance systems, coupled with the need to address the rising air traffic, positions North America as a key market

Key players in the market

Some of the key players in the Airborne Collision Avoidance System Market include Becker Avionics GmbH, BAE Systems PLC, FLARM Technology Ltd., Collins Aerospace , Garmin Ltd., Honeywell International Inc., General Electric Company, Garrecht Avionik GmbH, Lockheed Martin Corporation, Leonardo S.p.A., Viavi Solutions Inc, Thales Group, Teledyne FLIR LLC, Saab Group, and Northrop Grumman Corporation.

Key Developments:

In March 2024, BAE Systems launches MethaneSAT satellite to provide critical global greenhouse gas emissions data. The satellite will monitor emissions from the oil and gas sector, which accounts for about 40% of all human-caused methane emissions, and it will be able to revisit the same sites daily in most instances.

In February 2024, BAE Systems completes acquisition of Ball Aerospace, the transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt.

In February 2024, GE Vernova launches new portfolio of Grid Automation solutions to enhance grid resilience, the new suite, named GridBeats, offers innovative software-defined automation solutions designed to modernize and digitalize grid operations.

Types Covered:
• Traffic Alert and Collision Avoidance System
• Portable Collision Avoidance System (PCAS)
• Flight Light Advanced Reporting System
• Other Types

Components Covered:
• Processor
• Mode S & C Transponder
• Display Unit

Platforms Covered:
• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicle

End Users Covered:
• Aftermarket
• Original Equipment Manufacturers

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements