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Airborne Collision Avoidance System Market Share

Report ID: GMI7542
Published Date: Jun 2024
Report Format: PDF

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Airborne Collision Avoidance System Market Share

Players operating in the airborne collision avoidance system industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Players also heavily invest in R&D to introduce innovative and technologically advanced solutions.

Airborne Collision Avoidance System Market Companies

Major players operating in this industry are:

Honeywell International Inc.
Lockheed Martin Corporation
BAE Systems Plc
L3 Technologies, Inc.
Saab Group
Rockwell Collins Inc.
Garmin Ltd.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Airborne Collision Avoidance System (ACAS) market was valued at over USD 1.1 billion in 2023 and is anticipated to grow at 5% CAGR between 2023 and 2032 owing to the growing demand for ACAS in UAVs.

The Unmanned Aerial Vehicles (UAVs) segment in the airborne collision avoidance system market is anticipated to register over 6.5% CAGR during 2024 2032 due to the rising use of UAVs in various industries, such as logistics, agriculture, surveillance, and entertainment.

North America market held over 35% revenue share in 2023, attributed to the growing aviation industry, combined with stringent safety regulations.

Honeywell International Inc., Lockheed Martin Corporation, BAE Systems Plc, L3 Technologies, Inc., Saab Group, Rockwell Collins Inc., and Garmin Ltd.