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.
Access Full Research Report On Global Air Traffic Control
(ATC) Equipment Market: http://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.
View More Related Reports from same Category by Grand
View Research: http://www.grandviewresearch.com/industry/communication-services
For the purpose of this study, 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
• 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
View Press Release on Global Air Traffic Control Equipment (ATC) Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-air-traffic-control-equipment-market
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.
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.
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Grand View Research, Inc
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