Terrain Awareness and Warning System (TAWS) Market to be dominated by through 2027
Increased popularity of
sustainable fuel solution and growing commercial fleet aircrafts are expected
to drive the demand for global terrain awareness and warning system (TAWS)
market in the forecast period, 2023-2027.
According to TechSci Research
report, “Terrain Awareness and Warning System (TAWS) Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global terrain
awareness and warning system (TAWS) market is anticipated to witness impressive
growth in the forecast period, 2023-2027. The market is driven by the need to
lower aircraft accidents and the need to integrate advanced technologies in aircraft
to improve the passenger experience. The number of accidents is getting lesser
due to terrain awareness and warning system (TAWS) in aircraft. This advanced
technology offers several advantages and provides crucial information to pilots
in advance, ensuring an extra layer of protection while flying the aircraft.
The terrain awareness and warning system (TAWS) makes necessary changes in
direction and data corrections for terrain avoidance. The airport database,
which includes flight plan, altitude, airspeed, glideslope, and position,
allows the terrain awareness and warning system (TAWS) to predict risks between
the terrain and aircraft path.
However, the lack of skilled
workforce and high installation cost of terrain awareness and warning system
(TAWS) may restrain the market growth in the forecast period.
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The global terrain awareness
and warning system (TAWS) market is segmented into aircraft type, system,
application, regional distribution, and competitive landscape.
Based on aircraft type, the
market is bifurcated into turbine engine powered and piston engine powered.
Turbine engine powered aircraft are expected to capture the highest market
share over the next five years. It offers several advantages over the piston
engine powered aircraft, such as improved reliability, stability, and advanced
safety features. And, there is high demand for turbine powered aircraft for
commercial operations, which is further influencing the segment demand.
Based on the system, the
market is divided into Class A, Class B, and Class C. Class A system is
expected to hold the largest market share in the forecast period. Class A
terrain awareness and warning system (TAWS) witness massive demand from
commercial and military aircraft. Also, the installation of the Class A system
has lowered the occurrence of air accidents.
Based on application, the
market is divided into commercial aircraft, military aircraft, and others.
Military aircraft are expected to account for a significant market share in the
forecast period. An increase in budget allocation to develop the defense sector
by government authorities to strengthen the border security supports the market
demand. They are useful during combat operations and can be either equipped
with arms and missiles or can be used for transferring or rescuing operations.
The launch of advanced military aircraft in the market and the use of advanced
technologies and equipment during the manufacturing process are expected to
create lucrative growth opportunities for the global terrain awareness and
warning system (TAWS) market in the forecast period.
Major market players
operating in the global terrain awareness and warning system (TAWS) market are:
·
Genesys
Aerosystems
·
Mid-Continent
Instrument Co., Inc.
·
Aspen
Avionics, Inc.
·
Universal
Avionics Systems Corporation
·
Rockwell
Collins
·
Garmin
Ltd.
·
Avidyne
Corporation.
·
L3
Technologies, Inc.
·
Aviation
Communication & Surveillance Systems (ACSS), LLC
·
Honeywell
International Inc.
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“The North American region is
expected to hold the largest share of the global terrain awareness and warning
system (TAWS) market. The primary drivers for the market are the early adoption
of advanced technologies and the presence of major market players in the
region, such as Honeywell International Inc, Garmin Ltd, and Universal Avionics
Systems Corporation. High-end investments by the leading authorities for the
development of the aviation industry and increased expenditure capacity of
consumers are further expected to fuel the installation of terrain awareness
and warning systems (TAWS) in aircraft. A massive aircraft fleet, the growing
popularity of online sales channel to book tickets, and the emergence of new
market players are expected to propel the growth of the global terrain
awareness and warning system (TAWS) market till 2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Terrain Awareness and
Warning System (TAWS) Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027 Segmented By Aircraft Type (Turbine Engine
Powered, Piston Engine Powered), By System (Class A, Class B, Class C), By
Application (Commercial Aircraft, Military Aircraft, and Others), and By Region”, has evaluated the future
growth potential of global terrain awareness and warning system (TAWS) market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global terrain awareness and warning system
(TAWS) market.
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