Terrain Awareness Warning System Market Research Report 2019 published By Market Research Future, provides information on Global Terrain Awareness Warning System Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By System (Class A, Class B, Class C), Aircraft Type (Turbine Engine Powered, Piston Engine Powered), Application (Commercial Aircraft, Military Aircraft, and Others), and by Region – Global Forecast to 2023
TAWS Market Snapshot
The global terrain awareness and warning system (TAWS) market is expected to expand at ~4.97% CAGR during the forecast period. The global TAWS market is expected to witness substantial growth during the forecast period. Europe is estimated to be a prominent region for TAWS market due to increasing defense expenditure by countries, such as Russia and the UK. Similarly, a paradigm shift in the transport sector and directives from major aviation agencies mandate to deploy TAWS in Middle East & Africa, and North America are projected to drive the terrain awareness and warning system market in the coming years. Moreover, Asia-Pacific held the second largest market share in the TAWS market in 2017. The growing demand for reduced fuel consumption and better situational awareness systems are propelling the market growth in Asia-Pacific.
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The increasing need for aviation safety and upgrading ground proximity warning system (GPWS) with TAWS are some of the major key drivers driving the TAWS market. Europe accounted for 29.36% of TAWS global market followed by Asia-Pacific with 26.50% of global market share. Europe is actively participating in upgrading its industries through the implementation of industrial automation within the manufacturing facilities.
Companies Covered
The key players of global TAWS market are-
- Aspen Avionics Inc. (US)
- Collins Aerospace (US)
- Elbit Systems Ltd (Israel)
- Garmin Ltd (US)
- Genesys Aerosystems (US)
- Honeywell International Inc (US)
- L3 Technologies Inc (US)
- Mid-Continent Instrument Co. Inc. (US)
- Sandel Avionics Inc (US)
- Thales Group (France)
Key Developments
- In February 2019, Garmin International, Inc., a unit of Garmin Ltd. developed the G1000 NXi integrated flight deck for the Cessna Citation Mustang. The G1000 NXi offers several new, and enhanced features and benefits comprise of wireless cockpit connectivity, SurfaceWatch, and split-screen capability
- In April 2017, Collins Aerospace signed a contract to modify Pakistan Air Force’s C-130 aircraft fleet with Flight2 avionics suite. The firm would also provide modern digital autopilot, navigation sensors, safety and surveillance systems, SATCOM communications, weather radar, traffic collision avoidance systems, terrain awareness, digital map, and warning system
- In June 2015, Elbit Systems Ltd. launched SuperVision, an advanced vision system, which presents pilots with an intuitive, conformal image of the world outside the cockpit, enabling them to fly in any terrain and under all visibility conditions
Synopsis
Terrain awareness and warning system market has been segmented based on system, aircraft type, application, and region. System segmentation is classified into Class A Systems, Class B Systems, and Class C Systems. Aircraft type segment is classified into piston engine powered and turbine engine powered. Application segment is classified into commercial aircraft, military aircraft, and others.
Market Segmentation
- By System – Class A, Class B, and Class C
- By Aircraft Type – Piston Engine Powered, Turbine Engine Powered
- By Application – Commercial Aircraft, Military Aircraft, Others
- By Region – North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America
Class A systems are expected to dominate the market
The Class A systems are expected to dominate the terrain awareness and warning system market due to its rise in the functionality of TAWS system such as alert functions such as excessive rates of descent alert, excessive closure rate to terrain alert. Class A systems are deployed in aircraft that can fly up to 18,000 feet and even higher above the mean sea level (MSL). TAWS class A system provides all the functionality of the Class B system, plus a terrain awareness display and a fully autonomous GPWS. The class A systems segment accounted for the largest market share of 59.08% in 2017, with a market value of USD 131.3 million.
Regional Analysis
TAWS market by region is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Within Europe, the steadily rising passenger traffic in Germany along with increasing defense expenditure, is expected to aid the regional growth of the market. Collaboration between companies in the field of TAWS is boosting the market growth. The UK and Germany are the fastest growing economies in Europe; the manufacturing industry in these countries is expected to grow substantially during the forecast period. Moreover, the industries in these countries have witnessed some evolutionary changes in the past few decades in the region in terms of its application in aircraft industry thus, driving the market for terrain awareness and warning system in the region.
Key questions addressed by the report
- What was the historic market size (2017)?
- Which segmentation (Component / Solution/ Industry) is driving the market?
- What will be the growth rate by 2024?
- How are the key players in this market?
- What are the strategies adopted by key players?
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