World Air Traffic Control Equipment Market to Be Worth $3,849m in 2014
- Says the New Study on ASDReports
New research now available on ASDReports, has revealed research that values the global air traffic control equipment market at US$3,489m in 2014. This will be driven by international, regional and national demand and programmes to modernise and upgrade their air traffic control and management equipment and systems to accommodate the increasing number of flights in infinite airspace as well as ensure safety and enhance the efficiency of flight operations.
The report forecasts indicate that the air traffic control equipment market will continue to record positive growth in the next decade. The most significant growth is expected to come from North America, Europe and the Asia-Pacific region. This will be driven by international recommendations and directives, as well as national and regional initiatives to modernise and upgrade air traffic management equipment, systems and procedures as a means of optimising airspace management in anticipation of the increasing amount of air traffic. In accordance with international directives and recommendations, there is a transition towards planning and deploying satellite based navigation and surveillance systems. Emerging markets are indicating intentions to implement similar systems although are often required to commit to significant upgrade programmes to replace legacy systems first.
Air Traffic Control Equipment Market Forecast 2014-2024
The report's author of the Air Traffic Control Equipment Market Forecast 2014-2024: Prospects for Next Generation Air Traffic Control Systems, ADS-B, PBN and GNSS report commented that, “Air traffic control is an essential aspect of the air transport system. It is the means of preventing collisions between aircraft, organising and accelerating the flow of air traffic and providing information and support to flight crews. With air traffic expected to increase rapidly over the next two decades, it is important to ensure that there is the available equipment, technology and processes to handle this increased air traffic capacity in a finite amount of airspace”.
The 385 page report contains 270 tables, charts and graphs and information regarding 175 contract awards, which explain developing trends in the air traffic control equipment market. The report provides forecasts for the period 2014-2024, detailing the value (US$) of the global air traffic control equipment market, 6 geographic regions are forecast and further divided into 5 submarkets (communication equipment, navigation equipment, surveillance equipment, integrated air traffic management equipment and training and simulation equipment) revealing 30 distinct market forecasts segments to study.
Furthermore, 17 leading national air traffic control equipment markets are broken out into the 5 submarkets (communication equipment, navigation equipment, surveillance equipment, integrated air traffic management equipment and training and simulation equipment) providing 85 discrete market forecasts to analyse.
In addition, there are 11 company profiles of some of the more notable companies that develop and supply equipment and technology for air traffic control systems. Also included is an exclusive interview with Copperchase Limited, which provides expert insight in parallel to the analysis.
The Air Traffic Control Equipment Market Forecast 2014-2024: Prospects for Next Generation Air Traffic Control Systems, ADS-B, PBN and GNSS report will be of value to current and future potential investors in the air traffic control industry or wider civil air transport sector. Companies and research centres with an interest in air traffic control, air traffic management or looking to broaden their knowledge of this paradigm will also find this report of value.
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Source : ASDReports - Market Research - view original press release