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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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 aviation sector faced unmatched challenges due to covid-19 pandemic. The pandemic had a severe impact on the overall aviation sector due to the lockdown imposed by the government, airline shutdown, and reduced aircraft deliveries. Airbus, an aircraft OEM slowed the rate of plane making due to a loss of USD 2.09 billion in the first half of 2020. Also, the orders for new aircraft collapsed during the second quarter, as the reduced air traffic prompted airlines to cut spending commitments drastically. The market showed a strong recovery from 2021 due to increased air traffic and relaxation in government regulations.
- The enhanced safety regulations by the aviation regulatory authorities have necessitated the adoption of advanced collision avoidance systems on the existing fleet of commercial aircraft. As per the International Civil Aviation Organization (ICAO) Annex 10, Version 7.1, TCAS II is mandated by the US for commercial aircraft, including regional aircraft, with more than 30 seats or a maximum takeoff weight greater than 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 the installation of a collision-avoidance system is mandated as per the ICAO regulations, new aircraft deliveries may drive the prospects of line-fit installation of such equipment.
Commercial Aircraft Collision Avoidance System Market Trends
Narrow-Body Aircraft Segment Will Showcase Highest Growth During the Forecast Period
- The narrow-body aircraft segment is projected to show significant growth in the market during the forecast period. The growth is attributed to the increasing demand for narrow-body aircraft from airlines and growing aircraft deliveries from Airbus and Boeing. In 2022, Airbus and Boeing delivered 569 and 387 narrow-body aircraft, respectively.
- The growth of air passenger traffic is also supplemented by the emergence of the low-cost carrier (LCC) business model, wherein the primary focus of airline operators is on catering to more customers at a minimal cost per mile per passenger. The typical cost-saving practices of LCCs have promoted the adoption of a single aircraft type, generally a narrow-body aircraft, to minimize operational costs and earn maximum revenues by stimulating traffic through competitive pricing strategies.
- For instance, in June 2023, IndiGo announced the largest-ever single aircraft purchase order of 500 Airbus A320 family of narrow-body aircraft. The aircraft will be delivered between 2030 and 2035. The airlines announced that the order book consists of A320 New Engine Options (NEO), A321NEO, and A321XLR aircraft. Thus, growing demand for narrow-body aircraft and rising procurement contracts from airlines drive the growth of the segment during the forecast period.
North America to Dominate the Market During the Forecast Period
- North America is anticipated to show significant growth in the commercial aircraft collision avoidance system market during the forecast period. The growth is due to the presence of a well-flourished aviation industry and the largest commercial aircraft fleet in the world.
- The US aerospace industry is mature and strongly supported by robust aviation infrastructure. The presence of a highly vigilant aviation regulatory agency, the FAA, which actively participates in the formulation and update of applicable regulations for civil and commercial aviation, has driven the adoption of mandated safety measures, such as the integration of CAS onboard every aircraft originating or operating in the US airspace.
- The growing air traffic has resulted in the procurement of more aircraft by many regional and international airline operators in the region. Boeing, one of the major aircraft OEMs based in the US, generates a huge demand for aircraft collision avoidance systems. As OEMs receive new orders for aircraft, the demand is simultaneously generated for commercial aircraft collision avoidance systems, as the FAA mandates the installation of collision systems in all active aircraft. Hence, the growing focus on passengers safety and strict regulations from FAA regarding flight safety drive the growth of the market across the region.
Commercial Aircraft Collision Avoidance System Industry Overview
The commercial aircraft collision avoidance system market is semi-consolidated due to a few players holding significant shares in the market. Some of the major players dominating the market are THALES, L3Harris Technologies Inc., Honeywell International Inc., BAE Systems PLC, and Garmin Ltd. Commercial aircraft collision avoidance system manufacturers are investing in developing and integrating advanced features to complement or enhance their performance characteristics, including safety.
Collins Aerospace, a subsidiary of RTX Corporation, provides TTR-2100, the next-generation TCAS II system, based on technology developed for the B787's ISS-2100 integrated surveillance system. The TTR-2100 next-generation collision avoidance and surveillance technology enables both TCAS II and Traffic Computer (ADS-B In) capability. Thus, rising spending on research and development and increasing safety concerns will drive market growth in the coming years.
Commercial Aircraft Collision Avoidance System Market Leaders
Honeywell International Inc.
BAE System plc
Garmin Ltd.
L3Harris Technologies Inc.
THALES
*Disclaimer: Major Players sorted in no particular order
Commercial Aircraft Collision Avoidance System Market News
- July 2023: FLARM Technology developed a FLARM (FLight alARM), a traffic and collision avoidance system that helps pilots to avoid collisions by bolstering their situational awareness. The system mitigates the risk of in-flight collisions by calculating and sharing an aircraft's future flight paths with other nearby aircraft by collecting the same data from surrounding air traffic.
- December 2021: Evitado Technologies, a Hamburg-based tech start-up, developed a collision avoidance system for aircraft maneuvering while on the ground. The system's first customer was Elbe Flugzeugwerke (EFW), the Dresden-based aviation company that maintains and repairs Airbus aircraft and converts Airbus passenger jets into a freighter configuration.
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 Narrowbody Aircraft
5.1.2 Widebody 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
The commercial aircraft collision avoidance system is used to warn pilots of the presence of other aircraft that may present a threat of collision, and 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 market 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., BAE System plc, Garmin Ltd., L3Harris Technologies Inc. and THALES 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.
