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Airborne Collision Avoidance System Market Trends

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

Airborne Collision Avoidance System Market Trends

The evolution of airborne collision avoidance systems entails incorporating advanced technologies, such as AI, ML & enhanced sensors, to improve accuracy and reduce false alarms. Globally, stringent aviation safety regulations are driving demand for upgraded ACAS versions, promoting adoption across a wide range of aircraft types. This dual approach, which combines technological advancements with regulatory compliance, is propelling the aviation industry toward safer, more efficient collision avoidance systems.
 

Rising air traffic in emerging markets is spurring the adoption of ACAS to meet safety and international aviation standards. Concurrently, the rise of autonomous aviation and UAVs is propelling the development of specialized collision avoidance systems for these platforms, bolstering the growing drone industry. This dual emphasis on accommodating increased air traffic safety in emerging markets while tailoring solutions for autonomous vehicles reflects the dynamic evolution of these systems to address diverse aviation segments while also advancing safety standards.

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.

Airborne Collision Avoidance System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 336
  • Countries covered: 21
  • Pages: 200
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