Home > Aerospace & Defense > Defense and Safety > Weapons and Ammunition > Airborne Collision Avoidance System Market

Airborne Collision Avoidance System Market Share

Report ID: GMI7542
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

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. 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) :

Airborne collision avoidance system (ACAS) market size crossed USD 998.1 billion in 2022 and is expected to register 5% CAGR from 2023-2032 due to the rapid expansion of the UAV industry for various global applications, such as delivery services, surveillance, and mapping.

The ACAS I & TCAS I type segment held over 35% share of the ACAS industry in 2022 and is expected to register appreciable CAGR from 2023-2032 due to the greater emphasis on safety standards, even in smaller aircraft operations.

What factors are influencing ACAS market growth in North America?

Honeywell International Inc., Lockheed Martin Corporation, BAE Systems Plc, L3 Technologies, Inc., Saab Group, Rockwell Collins Inc., and Garmin Ltd. are some of the major ACAS companies worldwide.