Global Military Airborne Collision Avoidance System Market - Growth, Trends and Forecast (2018 - 2023)
The Military Airborne Collision Avoidance System Market is expected to record a CAGR of about 5%, during the forecast period. Since most military aircraft operate in hazardous conditions, the chances of mid-air collisions and fatal accidents are very high. This has compelled military forces to adopt sophisticated airborne collision avoidance systems as they help to improve the operational safety and efficiency of such aircraft. Additionally, factors such as the implementation of stringent regulatory norms set by the Chicago Convention on International Civil Aviation and Standardized European Rules of the Air (SERA) will necessitate the implementation of such systems to ensure basic flight safety rules.
Consequently, military forces from across the globe are using UAVs for long-range missions. Since the implementation of airborne collision avoidance system is mandatory in UAVs, an increase in the adoption of UAVs during the forecast period will necessitate the implementation of such systems as they help to improve the operational safety and life of UAVs.
Growing Technological Advancements in the Market
The ongoing technological innovations have resulted in the development of surveillance drones and multi-rotor aircraft to get real-time visual inputs from the sky. However, these aircraft need to be flown safely and maintain safe distance from commercial aircraft. The airborne collision avoidance systems help in controlling the unmanned drones from mid-air collisions with commercial aircraft, thus, aiding the demand for airborne collision avoidance systems in the military, globally.
As the demand for military airborne collision avoidance systems is directly related to military airborne accidents and other mishaps, the concern for airborne collision avoidance systems is more in the market, thus, driving the demand for military airborne collision avoidance systems.
The North American region is expected to witness promising growth, owing to the growing adoption of military drones for surveillance applications. Moreover, the region includes countries, such as the United States and Canada, who invest heavily in maintaining their defense capabilities. Hence, the region is expected to dominate the market during the forecast period (2018 - 2023). Europe is expected to follow North America regarding revenue market share. European region includes countries, like the United Kingdom, Germany, and France, who are upgrading their surveillance capability based on the rising terrorist activities in this region. Moreover, Asia-Pacific region is expected to have the third largest market. The rising economic condition in countries, such as India and China, is expected to drive the demand significantly in the future.Major Players: HONEYWELL AEROSPACE, AVIATION COMMUNICATION & SURVEILLANCE SYSTEMS, ROCKWELL COLLINS, amongst others.
Key Developments in the Market
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