The Global Market for Air Traffic Control (ATC) Equipment is Projected to Reach US$5.7 Billion by 2022
Stable Outlook for the Commercial Aviation Industry Drives
Opportunities in the Global Air Traffic Control (ATC) Equipment Market,
According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Air Traffic Control (ATC) Equipment market. The global market for Air Traffic Control (ATC) Equipment
is projected to reach US$5.7 billion by 2022, driven by the stable outlook for the commercial aviation industry as
measured in terms of rising passenger traffic and a parallel increase in aviation
infrastructure investments.
Air Traffic Control has
over the years evolved into an integral part of air traffic control programs in
the aviation industry. Air traffic control plays a major role in flight safety
and security. Given that the management and safety of aircraft 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 aircraft and air travel, ATC equipment is used by air traffic
controllers to streamline air traffic by coordinating aircraft landings and
takeoff and avoid aircraft collisions in the sky and at ground. Supported by
the numerous benefits offered by ATC equipment, there is strong demand for a
range of ATC equipment, including ATC communications equipment, ATC Navigation
Equipment and ATC surveillance equipment. The growing focus on passenger safety
will continue to drive demand for ATC equipment in the commercial aviation
sector.
The growing passenger and
cargo traffic and the ensuing increase in the number of aircraft is leading to crowded
skies, dictating growth for ATC equipment. Few of the factors positively influencing
passenger traffic include lower fuel prices, reductions in air fares, and increase
in business and recreational travel as a result of improving economic conditions.
Modernization of airports and construction of new airports across the globe, and
the growing focus of airport operators on achieving operational efficiencies represent
other major factors encouraging investments in efficient air traffic control
infrastructure solutions, including ATC equipment. The fall in aviation fuel prices
and the resulting decline in operational costs are encouraging airliners’ to procure and
add new aircraft and expand their fleet and scale of operations. The resulting increase
in frequency of air trips and increased deployment of aircraft on all major air
routes exerts pressure on the airline infrastructure management, thus boosting demand
for efficient management solutions like ATC equipment. The market is also buoyed
by the deployment of Communications, Navigation and Surveillance/ATM management
(CNS/ATM) networks. Advanced Air Traffic
Management (ATM) 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. The
emergence of Next Generation (NextGen) Air Traffic Control equipment as an
upgrade to traditional ATC equipment is 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.
As stated by the new
market research report on Air Traffic Control (ATC) Equipment, Europe
represents the largest market worldwide accounting for a major share of the global
market. Asia-Pacific ranks as the fastest
growing market with a CAGR of 8.8% over the analysis period led by factors such
as healthy economic growth, GDP gains, increase in air travel in parallel with
the rising affluence of the middle class population, focus on free and fair
trade agreements and the ensuing increase in air freight among emerging economies,
government policy led increase in airport infrastructure development and implementation
of stringent aviation safety regulations.
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, 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.
The research report titled
“Air Traffic Control (ATC) Equipment: A Global
Strategic Business Report” announced
by Global Industry Analysts, Inc., provides a comprehensive review of market trends,
issues, drivers, company profiles, mergers, acquisitions and other strategic
industry activities. The report provides market estimates and projections in US$
for major geographic markets including the United States, Canada, Japan, Europe
(France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific
(China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of
Latin America), and Rest of World. Product segments analyzed across global and
regional markets include ATC Communications Equipment, ATC Navigation
Equipment, and ATC Surveillance Equipment. At the global level, the product markets
are further classified by following sub-segments ATC Communications Equipment (ATC Communication Systems, ATC Radio &
Recording Equipment, and ATC Switching Equipment); ATC Navigation Equipment
(ATC En Route Navigation Aids, and ATC
Landing Aids); and ATC Surveillance Equipment (ATC Radar Based Equipment, and Automatic Dependence Surveillance
Systems).
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
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