Global Market for Air Traffic Control (ATC) Equipment is Projected to Reach US$5.5 Billion by the Year 2020
Technological Advancements and Airport Modernization Drive
the Air Traffic Control (ATC) Equipment Market, According to New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on the Air Traffic Control (ATC)
Equipment markets. Global market for Air Traffic Control (ATC)
Equipment is projected to reach US$5.5 billion by the year 2020,
primarily driven by technological advancements, new airport infrastructure
establishments, and modernization initiatives.
Air Traffic
Control has over the years evolved into an integral part of air traffic control
programs in the aviation industry. Inching its way upwards, air traffic control
has treaded a long path, playing a major role in flight safety and security.
Given that the management and safety of aircrafts is crucial, Air Traffic
Control (ATC) equipment has emerged as the best way to control flow of air
traffic, air passengers, freight traffic, and for better coordination among
flights. Defined as instruments used to ensure efficiency, safety, and
reliability of aircrafts, ATC equipment is used by air traffic controllers to
organize the air traffic and avoid aircraft collision.
Global market
for ATC Equipment has evolved over the years to become one of the most focused
areas in the aviation industry. With aviation industry warming up to the
benefits of air traffic control and management, there is huge demand for a
range of ATC equipment. Level of air traffic across the globe, number of new
airline companies, and demand for new aircraft, primarily dictates growth
patterns for ATC equipment in the commercial aviation sector. Modernization of
existing airports and construction of new airports across the globe continue to
drive growth in the global ATC equipment market. These factors have been fostering
growth across all market verticals of ATC equipment market including ATC
communications equipment, ATC navigation equipment and ATC surveillance
equipment.
The ATC equipment market is also buoyed by the prospects of new
opportunities emerging from deployment of Communications, Navigation and
Surveillance/ATM management (CNS/ATM) network. The emergence of Next Generation
(NextGen) Air Traffic Control equipment as an upgradation of existing ATC
equipment are increasingly gaining popularity among airlines across the globe.
NextGen ATC equipment, which complies with implementation policies, help in
addressing the most challenging issues faced by the global airspace sector such
as airport congestion, safety, and issues concerning fuel and environment. Advanced
Air Traffic Management (ATM), an innovative technology in the aviation sector,
is a combination of technologies such as GPS and digital communications that facilitate
optimum utilization of entire airspace through automation of aircraft’s routine
separation.
As stated by
the new market research report on Air Traffic Control (ATC) Equipment, the United States represents the largest market
worldwide. Asia-Pacific represents the fastest growing regional market
with a CAGR of 9.0% over the analysis period. Strong economic growth (GDP) and
aggressive focus on airport infrastructure development represent primary growth
drivers in the region.
Major players in the global marketplace include Advanced Navigation &
Positioning Corporation Inc., The Aeronav Group, BAE Systems Plc, Becker
Avionics Inc., CNS Systems AB, Cobham Plc, Exelis, Inc., Frequentis AG, Harris
Corp., Indra Sistemas S.A., Intelcan Technosystems, Inc., Kongsberg Gallium
Ltd., Lockheed Martin Corp., NavAero, Inc., Northrop Grumman Corp., Raytheon
Company, Searidge Technologies, Inc., Sierra Nevada Corp., Siqura B.V.,
Telephonics Corp., and Thales Group, among others.
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