Terrain awareness warning system brings advanced terrain prediction, which helps to prevent unintentional impacts with the ground. The positive inclination of the airlines and the aircraft manufactures towards integration of advanced technologies on the aircraft fleets is boosting the terrain awareness warning system market. Also, terrain awareness warning system market is expected to grow substantially owing to increased investments in the defense sector across the world.
MARKET SCOPE
The "Global Terrain Awareness Warning System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Terrain Awareness Warning System market with detailed market segmentation by system type, aircraft type, end-user, and geography. The report provides key statistics on the market status of the leading Terrain Awareness Warning System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on system type, the market is segmented as class A system, class B system, and class C system.
- On the basis of the aircraft type the market is segmented into fixed wing aircraft and rotary wing aircraft.
- Based on end-user, the market is segmented as commercial and military.
MARKET DYNAMICS
Drivers:
- Aerospace and defense industry is increasingly adopting advanced technology to reduce the number of controlled flight to terrain (CFIT) accidents
- Instructions from major aviation agencies to mandate the terrain awareness warning system in aircraft
- Rising adoption of terrain awareness warning system in cargo & private jet, and growing international trade across the world.
Restraints:
- Limited technological advancement on aircrafts for terrain awareness warning system amongst the developing countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Terrain Awareness Warning System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Terrain Awareness Warning System market in these regions
IMPACT OF COVID-19 ON TERRAIN AWARENESS WARNING SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the aviation industry due to the disruptions in global supply chains resulting in delays in raw material procurement across the aviation industry. The steep decline in production and operations of major aircraft manufacturers and airlines led to an unprecedented fall in demand for terrain awareness warning systems. However, Terrain Awareness Warning Systems are one of the essential tools for terrain prediction in military aviation. Thus, constant demand from the defense sector and the reopening of commercial airlines are factors helping the market recover from the COVID-10 crisis.
MARKET PLAYERS
The report covers key developments in the Terrain Awareness Warning System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Terrain Awareness Warning System market are anticipated to lucrative growth opportunities in the future with the rising demand for Terrain Awareness Warning System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Terrain Awareness Warning System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aspen Avionics, Inc
- Avidyne Corporation
- Collins Aerospace
- Elbit Systems Ltd
- Garmin Ltd
- Genesys Aerosystems
- Honeywell International Inc.
- L3Harris Technologies, Inc.
- Sandel Avionics, Inc
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.