Terrain Awareness and Warning System Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Terrain Awareness and Warning System Market: Overview
Terrain awareness and warning systems (TWAS) are used to prevent controlled flight into terrain (CFIT) accidents. The technology provides an important layer of protection for aircraft navigation as it changes course as per the terrain and as per weather conditions.
TAWS draws data from GPS pertaining to aircraft’s position, speed, and direction as well data pertaining to aircraft’s altitude and configuration. This information is used to compare data pertaining to Earth’s terrain and manmade hurdles.
In the U.S., highly accurate GPS information is obtained as a combination of radar topography imagery captured by the U.S. space shuttle program, information from Department of Defense, and other data.
Terrain Awareness and Warning System Market: Key Trends
The global TAWS market is primarily driven by the paradigm shift in transport sector leading to the increasing number of commercial flights. Furthermore, mandates for aircraft to be equipped with TAWS as laid out by stipulations of aviation regulation agencies is driving the growth of the TAWS market. The directives for use of hi-tech systems for aircraft protection are largely in place in developed countries such as the U.S., and the U.K. among several other countries.
However, high deployment cost is limiting the adoption of this technology only by countries that have a strong technical base and large budgets for enhancing aircraft security system. Lack of skilled personnel and integrators for TWAS is also challenging the market’s growth.
Implementation of TAWS in private jets and cargo flights will extend growth opportunities to the TAWS market. The growth of international trade due to favorable business reforms in many countries worldwide is expected to benefit the market’s growth.
Terrain Awareness and Warning System Market: Market Potential
Across the world, defense forces are vying for hi-technology systems to prevent CFIT accidents, which in turn, helps prevents loss of life and loss of property. In a breakthrough development, the Indian Air Force has announced about equipping its new convoy of six C-130J Hercules aircraft with TWAS, as per a solicitation by the U.S. Air Force.
The U.S. Air Force, C-130J Division, Air Force Life Cycle Management Center, and Wright Patterson AFB has been seeking to identify potential bodies that possess the expertise, experience, and capabilities needed to enter a contract for six C-130J aircraft for a terrain awareness warning system. The subscription will be for 40 months commencing from May 31, 2017, through August 31, 2020.
Prior to this, the Indian Air Force had procured six C-130Js, of which one was lost in an accident in 2014 and another damaged in February this year.
Terrain Awareness and Warning System Market: Regional Outlook
North America is currently the leading market for terrain awareness and warning system and is expected to retain its position over the next few years mainly due to the factors favoring the adoption of TAWS. In North America, high government funding for hi-tech aircraft safety systems as per Federal Aviation Administration (FAA) mandates, strong technical base, and the presence of key players in the region are favoring the regional market’s growth. The presence of top companies for TAWS such as Universal Avionics Systems Corporation, L3 Technologies Inc., and Honeywell International Inc. enables the latest technical developments for aircraft navigation to be first implemented in the region.
Terrain Awareness and Warning System Market: Competitive Landscape
Some of the key companies operating in the global terrain awareness and warning system market are Honeywell International Inc., Aviation Communication & Surveillance Systems LLC, Avidyne Corporation, Rockwell Collins, Aspen Avionics Inc., Universal Avionics Systems Corporation, L3 Technologies Inc., Garmin Ltd., Sandel Avionics Inc., Mid-Continent Instrument Co. Inc., and Genesys Aerosystems.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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