The analysts forecast global air traffic control equipment market to grow at a CAGR of 4.86% during the period 2016-2020. This report covers the present scenario and the growth prospects of the global air traffic control equipment market for 2016-2020.
The following companies are the key players in the Global Air Traffic Control Equipment Market 2016-2020: Harris, Lockheed Martin, Northrop Grumman, Raytheon, and Thales. Other prominent vendors in the market are: Aquila, Aeronav Group, Intelcan Technosystems, and Searidge Technologies.
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According to the air traffic control equipment market a key growth driver for the ATC equipment market is the growing air traffic and new aircraft deliveries. In 2014, there was 17,354 aircraft in operation, which is likely to be replaced by 31,781 aircraft in the next 20 years. India, particularly, had passenger traffic of over 61.42 million in 2013, and it is likely to have 367 million passengers by 2034. It is also expected to have more than 800 aircraft by 2020, which will simultaneously increase the air traffic in the country. Similarly, according to the IATA, airports in Qatar, the UAE, Oman, and Kuwait are together expected to handle approximately 400 million passengers per year by 2020.
The global air traffic control equipment market one trend which is influencing the market is the shift towards satellite-based navigation. With a new generation of air traffic management (ATM) systems being planned and implemented around the world, there has been a significant shift in the ATM systems market. This is from ground-based hardware to airborne-based technology and a more software-centric approach to integrated automated ATM networks. To ensure safety and attain efficient operations, ground-based augmentation system (GBAS) is the effective solution.
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Global Air Traffic Control Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Due to the robust growth in the aviation industry, safety has become the priority for airports and airline operators. ATC equipment plays a vital role in the safe operations of carriers, as it provides communications, navigation, and surveillance (CNS) facilities using different equipment for air traffic management (ATM). The primary job of an ATC equipment is to avoid collisions and expedite air traffic flow by providing information to pilots. ATC equipment provides services to the private, commercial, and military sectors within a defined airspace.
Further, the report states that one challenge that could restrict market growth is high user and labor costs.
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