Market Trends of Commercial Aircraft Collision Avoidance System Industry
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.
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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.
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