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Research and Markets has announced the addition of the "Global Military Airborne Collision Avoidance System Market 2016-2020" report to their offering.
The report forecasts the global military ACAS market to grow at a CAGR of 4.5% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which will definitely boost market growth is the development of affordable ACAS. There is dire need for a reliable as well as low-cost autonomous air traffic management system that would alert the pilot of possible collisions and provide solutions without depending on ground stations for air traffic control.
According to the report, a key growth driver is the need for operational safety of manned military aircraft. The military aircraft not only operate in remote and dangerous environments but also abide by both visual flight rules (VFR) and instrument meteorological conditions (IMC) day and night. This increases the chances of MAC that may result in temporary or permanent loss of control, aircraft damage, and pilot injuries. Human-induced MAC due to lack of response or misjudgment of pilots has also been reported.
Further, the report states that one challenge that could restrict market growth is the cost associated with retrofitting of ACAS in aircraft. However, these systems are costly to acquire and are affordable by larger aircraft only.
