Commercial Aircraft Collision Avoidance System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 439.46 Million |
| Market Size (2029) | USD 551.59 Million |
| CAGR (2024 - 2029) | 4.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Commercial Aircraft Collision Avoidance System Market Analysis
The Commercial Aircraft Collision Avoidance System Market size is estimated at USD 439.46 million in 2024, and is expected to reach USD 551.59 million by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The enhanced safety regulations by aviation regulatory authorities have necessitated the adoption of advanced collision avoidance systems for existing commercial aircraft fleets. As per the International Civil Aviation Organization (ICAO) Annex 10, Version 7.1, TCAS II is mandated by the United States for commercial aircraft, including regional airplanes, with more than 30 seats or a maximum takeoff weight of over 33,000 lbs.
The rapid increase in global passenger traffic has encouraged airline operators to initiate procurement drives and place firm orders for new-generation aircraft. Since installing a collision-avoidance system is mandated per the ICAO regulations, new aircraft deliveries may drive the prospects of line-fit installation of such equipment. On the other hand, collision avoidance systems cannot display other aircraft without operating transponders and sometimes generate unnecessary alerts. Such factors are expected to limit market growth in the coming years.
Commercial Aircraft Collision Avoidance System Market Trends
The Narrow-body Aircraft Segment Projected to Showcase Highest Growth During the Forecast Period
The demand for narrow-body aircraft has surged in recent years, propelled by airlines and heightened deliveries from industry giants Airbus and Boeing. In 2023, Airbus and Boeing delivered 639 and 396 narrow-body planes, respectively. Additionally, the rise of the low-cost carrier (LCC) model has further fueled air passenger traffic. LCCs, focusing on cost efficiency, often opt for a single aircraft type, typically narrow-body, to keep operational costs in check. This strategy, coupled with competitive pricing, aims to boost revenue by attracting more passengers.
Highlighting this trend, in June 2023, IndiGo made headlines with a monumental order for 500 units of Airbus A320’s family of narrow-body aircraft slated for delivery between 2030 and 2035. The order includes A320 NEO, A321 NEO, and A321XLR models. Such procurement contracts, alongside the escalating demand, are set to drive the narrow-body aircraft segment's growth over the coming years.
North America to Dominate the Market During the Forecast Period
North America is poised for significant growth in the commercial aircraft collision avoidance system market in the upcoming years. This surge is primarily attributed to North America boasting the world's largest commercial aircraft fleet and the robust aviation industry in major regional countries such as the United States.
The US aerospace industry, bolstered by a mature landscape and robust infrastructure, is further fortified by the vigilant oversight of the Federal Aviation Administration (FAA). The FAA plays a pivotal role in setting and updating civil and commercial aviation regulations, mandating safety measures like the integration of Collision Avoidance Systems (CAS) on all aircraft operating in US airspace.
Rising air traffic has led to heightened aircraft procurement by regional and international airlines. Notably, Boeing, a prominent US-based aircraft OEM, drives substantial demand for collision avoidance systems. As OEMs like Boeing secure new aircraft orders, a parallel market for collision avoidance systems emerges, given the FAA's mandate for their installation on all active aircraft. This dual impetus – a heightened focus on passenger safety and stringent FAA regulations – propels the market's growth in the region.
Commercial Aircraft Collision Avoidance System Industry Overview
The commercial aircraft collision avoidance system market is semi-consolidated, with a handful of key players holding substantial market shares. Industry giants such as Thales, L3Harris Technologies Inc., Honeywell International Inc., BAE Systems PLC, and Garmin Ltd are leading the pack. These manufacturers are actively investing in R&D to introduce advanced features that complement and enhance their systems' safety and performance.
One notable player, Collins Aerospace, a subsidiary of RTX Corporation, introduced the TTR-2100, a cutting-edge TCAS II system. Leveraging technology initially developed for the B787's ISS-2100 integrated surveillance system, the TTR-2100 boasts next-generation collision avoidance and surveillance capabilities, including TCAS II and Traffic Computer (ADS-B In) functionalities. With a growing emphasis on R&D and heightened safety concerns, the market is poised for significant expansion in the foreseeable future.
Commercial Aircraft Collision Avoidance System Market Leaders
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Honeywell International Inc.
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Garmin Ltd.
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L3Harris Technologies Inc.
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THALES
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BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
Commercial Aircraft Collision Avoidance System Market News
- February 2024: Malaysian Airlines partnered with Thales to equip 20 of its Airbus A330neo aircraft with avionics. The collaboration entails fitting Thales' ACSS Traffic Collision Avoidance Systems (T3CAS) and Flight Management System (FMS) on these planes.
- July 2023: FLARM Technology introduced a new system, FLARM (FLight alARM), designed to enhance pilots' situational awareness and prevent collisions. This innovative system achieves this by sharing an aircraft's projected flight paths with nearby planes based on data collected from the surrounding air traffic.
Commercial Aircraft Collision Avoidance System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Aircraft Type
5.1.1 Narrow-body Aircraft
5.1.2 Wide-body Aircraft
5.1.3 Regional Aircraft
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Rest of Latin America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 Qatar
5.2.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Honeywell International Inc.
6.2.2 BAE Systems PLC
6.2.3 THALES
6.2.4 L3 Harris Technologies Inc.
6.2.5 Garmin Ltd
6.2.6 RTX Corporation
6.2.7 Saab AB
6.2.8 FLARM Technology
6.2.9 The QinetiQ Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Commercial Aircraft Collision Avoidance System Industry Segmentation
Collision avoidance systems have been developed as safety-enhancing systems to help reduce the risk of mid-air collisions between aircraft. They function independently of the ground-based air traffic control (ATC) system and provide collision avoidance for various aircraft types. If the risk of collision is imminent, the system initiates a maneuver that will reduce the risk of collision.
The commercial aircraft collision avoidance system market is segmented based on aircraft type and geography. By aircraft type, the market is segmented into narrow-body, wide-body, and regional aircraft. The report also covers the sizes and forecasts for the commercial aircraft collision avoidance system market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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Commercial Aircraft Collision Avoidance System Market Research FAQs
How big is the Commercial Aircraft Collision Avoidance System Market?
The Commercial Aircraft Collision Avoidance System Market size is expected to reach USD 439.46 million in 2024 and grow at a CAGR of 4.65% to reach USD 551.59 million by 2029.
What is the current Commercial Aircraft Collision Avoidance System Market size?
In 2024, the Commercial Aircraft Collision Avoidance System Market size is expected to reach USD 439.46 million.
Who are the key players in Commercial Aircraft Collision Avoidance System Market?
Honeywell International Inc., Garmin Ltd., L3Harris Technologies Inc., THALES and BAE Systems plc are the major companies operating in the Commercial Aircraft Collision Avoidance System Market.
Which is the fastest growing region in Commercial Aircraft Collision Avoidance System Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Commercial Aircraft Collision Avoidance System Market?
In 2024, the North America accounts for the largest market share in Commercial Aircraft Collision Avoidance System Market.
What years does this Commercial Aircraft Collision Avoidance System Market cover, and what was the market size in 2023?
In 2023, the Commercial Aircraft Collision Avoidance System Market size was estimated at USD 419.03 million. The report covers the Commercial Aircraft Collision Avoidance System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Aircraft Collision Avoidance System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Commercial Aircraft Collision Avoidance System Industry Report
Statistics for the 2024 Commercial Aircraft Collision Avoidance System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Aircraft Collision Avoidance System analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
