The Global air
traffic control (ATC) equipment market is expected to reach USD
4.23 billion by 2020, according to a new study by Grand View Research,
Inc. Need for construction of new airports, and expansion &
modernization of the existing ones to address increasing passenger &
freight traffic is expected to increase air traffic control equipment demand.
Advancements in microelectronics have provided ample growth opportunities for
the air traffic control equipment market and further innovations in the domain
are expected to buoy market growth over the forecast period.
Owing to continuous need for monitoring air traffic,
interruption in the activity is not feasible which makes replacement of
obsolete ATC equipment a cumbersome task. In order to maintain the flow of
traffic monitoring, new equipment is operated in parallel with the existing one
before the latter is phased out completely, which poses a challenge to air
traffic control equipment market growth.
Browse full research report on Air Traffic Control (ATC) Equipment Market: https://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market
Further key findings from the study suggest:
- The communications air traffic control equipment market accounted
for a high revenue share in 2013 and the trend is expected to continue
throughout the forecast period owing to increased need for replacement of
obsolete equipment with new ones equipped with enhanced digital data
communication.
- The military aircraft segment is expected to witness high demand
throughout the forecast period owing to the mission-critical nature of the
domain. In October 2014, Aquila, a joint venture between Thales and NATS
was awarded a USD 2.36 billion contract by the UK Ministry of Defense
(MOD) for transforming terminal air traffic management at military
airfields.
- Europe and North America were the major air traffic control
equipment regional markets in 2013, which can be attributed to increased
government efforts pertaining to securing air traffic and aircraft. Asia
Pacific is expected to witness high growth due to increased initiatives
for efficient infrastructure.
- Leading players in the air traffic control equipment market have
emphasized heavily on the enhancing equipment reliability to address
minimum tolerance levels. Incorporation of effective collision avoidance
system in ATC equipment is expected to be a key focus area for countering
increased air traffic. Manufacturers and developers upgrade landing and
navigation aids periodically to maintain safety and improve efficiency.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/communication-services
Grand
View Research has segmented the global air traffic control equipment market on
the basis of product, application and region:
Air
Traffic Control Equipment Product Outlook (USD Million, 2012 - 2020)
- Communications
Equipment
- Navigation
Equipment
- Surveillance
Equipment
Air
Traffic Control Equipment Application Outlook (USD Million, 2012 - 2020)
- Commercial
Aircraft
- Private
Aircraft
- Military
Aircraft
Air
Traffic Control Equipment Regional Outlook (USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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