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.
For Full Research Report On Air Traffic Control Equipment Market Visit Here:
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.
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https://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market/request/rs1
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 info visit @ https://www.grandviewresearch.com
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