DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Terrain Awareness and Warning System (TAWS) Market - Global Forecasts to 2022" report to their offering.
According to the new market research report on TAWS, the market in 2015 was valued at USD 144.6 Million and is expected to be worth USD 253.0 Million by 2022, at a CAGR of 5.8% between 2016 and 2022. The major drivers for the growth of the TAWS market is the mandate from the aviation industry globally and paradigm shift from rail/road transport to air transport. Other important drivers for the TAWS market growth is due to the increase in the demand for fleet all over the world.
The market for the military and defence aircraft is expected to grow at the highest rate between 2016 and 2022. The demand for TAWS-installed military and defence operation aircraft is growing because of the increasing need for safety and increasing government expenditure in military and defence aircraft operation globally.
Class A system held a major share of the TAWS market owing to the high demand for Class A TAWS in commercial and military and defence aircraft. Class A system installation in commercial aircraft has reduced CFIT accidents in commercial aircraft globally.
Turbine-powered aircraft hold a major share of the TAWS market because of its advanced safety features, durability, and reliability compared to the piston-powered aircraft and increasing demand for turbine engine-based aircraft in commercial operations.
- Aspen Avionics, Inc.
- Aviation Communication & Surveillance Systems, LLC
- Avidyne Corporation
- Garmin Ltd.
- Genesys Aerosystems
- Honeywell International Inc.
- L3 Technologies, Inc.
- Mid-Continent Instrument Co., Inc.
- Rockwell Collins
- Sandel Avionics, Inc.
Universal Avionics Systems Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Terrain Awareness and Warning System Market, By System Type
8 Terrain Awareness and Warning System Market, By Engine Type
9 Terrain Awareness and Warning System Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/xpsm3s/terrain_awareness