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
request sample of this report by Grand View Research: 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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