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Airborne Collision Avoidance System Market worth $797.1 Million by 2022

The airborne collision avoidance system market is projected to grow from an estimated $6.04 billion in 2017 to $7.97 billion by 2022, at a CAGR of 5.68% from 2017 to 2022. Some of the key drivers in the growth of the airborne collision avoidance system market include rise in the number of UAVs in the commercial airspace.

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Airborne Collision Avoidance System Market worth $797.1 Million by 2022

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  1. Airborne Collision Avoidance System Market Airborne Collision Avoidance System Market worth $797.1 Million by 2022 worth $797.1 Million by 2022 This report provides an analysis of the airborne collision avoidance system market over the next five years. It discusses industry and technology trends that are currently prevailing in the airborne collision avoidance system market. It analyses the factors that drive and restrain the growth of the airborne collision avoidance system market as well as the challenges faced by it. The airborne collision avoidance system market is projected to grow from an estimated $6.04 billion in 2017 to $7.97 billion by 2022, at a CAGR of 5.68% from 2017 to 2022. Some of the key drivers in the growth of the airborne collision avoidance system market include rise in the number of UAVs in the commercial airspace. Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownload.asp?id=238254805 Browse 74 market data tables and 46 figures spread through 126 pages and in-depth TOC on "Airborne Collision Avoidance System Market" Early buyers will receive 10% customization on this report. With the introduction of various technologies such as mode s & c transponder, TCAS Alert Prevention (TCAP), sense and avoid module for UAVs have increased manifold and is prevalent in this market. Among end use, the aftermarket segment of the airborne collision avoidance system is projected to be the fastest-growing market the during the forecast period. Aircraft aftermarket components are primarily used in the maintenance and upgrade of aircraft. These components are supplied once the aircraft is delivered to airlines. Aftermarket services include complete maintenance, repair, and overhaul of aircraft, specializing in both, metallic and composite repair techniques. Among type, the ACAS I & TCAS I segment of the airborne collision avoidance system is projected to be the fastest-growing market during the forecast period. ACAS I & TCAS I systems are relatively expensive, and tend to be implemented on only on larger aircraft. They are effective in avoiding collisions only with other aircraft that are equipped with functioning transponders.

  2. Among component, the mode s & c transponder segment of the airborne collision avoidance system is projected to be the fastest-growing market during the forecast period. Mode S transponder is required to be installed and operational for TCAS II. The Mode S transponder performs normal functions to support the ground-based ATC system. The North American region is projected to lead the airborne collision avoidance system market during the forecast period. The Asia-Pacific airborne collision avoidance system market is projected to grow at the highest CAGR from 2017 to 2022, due to increasing air passenger traffic, rising disposable incomes of the middle-class populations, and increasing aircraft deliveries. The rise in new aircraft deliveries in this region has propelled the demand for airborne collision avoidance systems, which is expected to boost the airborne collision avoidance system market during the forecast period. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=238254805 About MarketsandMarkets: MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Company: MarketsandMarkets Contact: Mr. Shelly Singh Phone: 1-888-600-6441

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