According to IndustryARC, the CAGR value of Air Traffic Control Equipment Market would be 5.36% by end of 2020.
A group of ground-based controllers constantly guide and direct aircrafts and pilots with a primary purpose of avoiding collisions by organizing the flow of air traffic with logical strategies and well-planned methods. Clearly, the equipment used by this system is Air Traffic Control Equipment and the market dealing with this equipment is slowly gaining prominence across the globe with the growing need for improved security in flights.
MARKET TRENDS & MARKET GROWTH:
Market Driving Factors:
• Increase in the overall airline traffic volume
• More precisely, increase in number commercial and defense aircraft
• Need for an effective air traffic control approach
• Increased regulation and safety norms by governments and other legal bodies
• Collision avoidance
• Providing quality support and information to pilots
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Regional Brief of the Market:
Study suggests that the Americas is estimated to be the largest region in this market mainly due to the high number of military and commercial aircraft deliveries. This is followed by the APAC region owing to high number of commercial aircraft deliveries to China and India.
This report covers the present scenario and the growth prospects of the Global Air Traffic Control Equipment Industry for the period 2015-2020. It provides a global overview as well as a share and growth prospects of the market by region. The report presents the key vendors in this market and a corresponding detailed analysis of these vendors. In addition, the report discusses the major drivers that are influencing the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market. Overall, it is a complete package so as to how to deal with the market having considered all the aspects.
Air Traffic Control Equipment Market is classified into 4 broad types based on the following given factors:
1. By Device Types: Radar Devices, Simulator Devices, Proximity Devices, Information System Devices and Safety and Navigational Devices.
2. By Application: Navigation, Communication and Surveillance.
3. By End User Industry: Private Aircraft, Commercial & Cargo Aircraft and Defense Aircraft.
4. By Geography: Americas, Europe, APAC and Others.
Key Market Players:
Single European Sky is an innovative project in which the Management and Regulation of the Aerospace in Europe will be undertaken by European Union in order to ensure safe utilization of air space and efficient management of air traffic with the main aim to avoid air accidents. Next Generation Air Transportation System (NextGen) in the US is another similar initiative to move the air traffic control from ground based system to satellite based system for safe and effective allocation of airspace and air traffic management.
Few more notable competitors of this market which are analyzed well by the experts of IndustryARC and mentioned in this research report are:
• BAE Systems Plc
• Harris Corporation
• SAAB AB
• Northrop Grumman Corp.
• Comsoft GMBH
• Intelcan Technosystems Inc.
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