Air Traffic Control Equipment Market worth $5519.51M by 2020
- According on a New Study on ASDReports
According to a new market research report, now available on ASDReports, "Air Traffic Control Equipment Market by product types (Communication, Navigation, and Surveillance), by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East, and Africa), and by Country. Forecast Analysis (2014-2020)", published by this report, the Global Air Traffic Control (ATC) Equipment Market is estimated to be at $4160.2 Million in 2014 and is expected to register a CAGR of 4.82%, to reach $5519.5 Million by 2020. The ATC equipment market can be segmented on the basis of product type, sub-product type, and geography. The various products covered in this report consist of communication, navigation, and surveillance.
Air traffic is expected to be double in next 15 years. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements.
Air Traffic Control Equipment Market - Forecast Analysis to 2014 - 2020
The increase in passenger traffic and aircraft movement has resulted into expansion of airports and construction of new airports to meet the future demand of air traffic. The airport construction and expansion needs advanced ATC equipment, as well as its sub-systems to handle increased aircraft movements more efficiently. Therefore, the construction of new airports and modernization of existing airports have been a real growth factor for the ATC equipment market. The restraints identified in this market include high cost and maintenance of the ATC equipment. The challenges faced by this market include lack of efficient operations at peak hours and lack of skilled labor.
This report also provides an in-depth insight on the key market and technological trends of this market. A porters five forces analysis of this market is incorporated in this report along with the opportunity analysis, based on the upcoming products and prospective growth regions for the ATC equipment market.
In this report, a complete geography-wise analysis of the Air Traffic Control Equipment Market is also projected, which includes product-level segmentations across North America, Europe, Asia-Pacific, the Middle-East, and the Rest of the World consisting of Latin America & Africa.
This report also incorporates the competitive landscape of this market based on various developments, contracts, programs, and new product launches for the past three years. The global key market players engaged in manufacturing ATC equipment’s are highlighted in this report along with their product portfolio, recent developments, SWOT analysis, and market revenue analysis for the past three years.
The leading companies in the global Air Traffic Control equipment market covered in this report include Thales (France), Harris Corporation (U.S.), Indra Sistemas (Spain), Lockheed Martin (U.S.), Northrop Grumman (U.S.), and Raytheon (U.S.)
Source : ASDReports - Market Research - view original press release