Terrain awareness and warning systems (TWAS), basically designed to prevent controlled flight into terrain (CFIT) accidents, providing a life-saving and an essential layer of safety for aircraft navigation as and when the terrain and weather conditions change. TAWS mainly find usage in military and defense and commercial sectors. In addition, the changing preference of transport from rail/road transport to air transport has led to an increase in the number of commercial flights, thereby boosting the growth of this market to a certain extent.
TAWS Market overview
The global terrain awareness and warning system (TAWS) market was valued at USD 144.6 Million in 2015, and is projected to reach a value of USD 253.0 Million by 2022, growing at a CAGR of 5.8% between 2016 and 2022.
Based on type, Class A system accounted for the largest share of the TAWS market, mainly due to the high demand for Class A TAWS in commercial and military aircrafts. It has helped in reducing CFIT accidents in commercial aircrafts across the world by providing advanced safety features. This segment is also expected to register the highest growth over the forecast period.
On the basis of the type of engine, turbine-powered aircrafts held the highest market share, owing to its advanced safety features, durability, and reliability as compared to that of the piston-powered aircrafts and the growing need for turbine engine-based aircraft in commercial and military & defense operations. It is also estimated to grow at the highest CAGR between 2016 and 2022.
Among applications, the military & defense segment is projected to witness the highest growth in the coming years, owing to the rising need for safety, increased government expenditure, and rapidly increasing inter-country conflicts and terrorist activities.
Geographical growth scenario of TAWS market
Among regions, North America currently dominates the market with the largest share, and is also expected to continue this upward trend in the next few years as well. This growth is mainly because of the rapid adoption of TAWS. Moreover, high government funding in the U.S. and FAA mandates, presence of the leading market players like Universal Avionics Systems Corporation (U.S.), Honeywell International Inc. (U.S.), and L3 Technologies Inc. (U.S) in this region, and strong technical base are the other major factors responsible for the growth of TAWS market in this region.
Drivers and restraints for the market
The growth of the global market for terrain awareness and warning system is being majorly propelled by the following factors:
- Mandates from the aviation industry for deploying TAWS
- Paradigm shift in the transport sector from rail/road to air transport
- Increasing demand for fleet across the globe
In addition, incorporating TAWS in cargos and private jets and growing international business and trade due to favorable business reforms are the other factors that are expected to offer ample growth opportunities for this market in the coming years.
However, high installation cost of TAWS is the major factor that is likely to act as deterrent for the growth of this market. Moreover, lack of skilled workers is a key challenge that is to be overcome by the major players in this market.
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Major market players and growth strategies adopted
Honeywell International Inc. (U.S.), Universal Avionics Systems Corporation (U.S.), Aviation Communication & Surveillance Systems (ACSS), LLC (U.S.), L3 Technologies, Inc. (U.S.), Avidyne Corporation. (U.S.), Garmin Ltd. (U.S.), Rockwell Collins (U.S.), Sandel Avionics, Inc. (U.S.), Aspen Avionics, Inc. (U.S.) , Mid-Continent Instrument Co., Inc. (U.S.), and Genesys Aerosystems (U.S.) are the prominent market players operating in the global market for terrain awareness and warning system. New product launches and developments, partnerships, agreements, & acquisitions, and contracts are the key strategies being adopted by these companies in order to witness continued growth as well expand their presence across the globe.
