Industry Overview
Global Air Traffic Control Equipment Market size is anticipated to
reach USD 4,000 million by 2020, growing at 4.2% up to 2020. Increasing
air traffic coupled with development of new airports with advanced
facilities is expected to drive demand growth over the next six years.
Increasing price sensitivity among customers with introduction of low
fare airlines is driving the global demand. Airlines also opt for
programs in which they offer cheap fares for a limited period. Time
saved through air travel is also expected to boost industry growth. For
instance, business executives prefer saving travel time when going for
meetings and conferences. Increasing disposable income in developing
economies leads to rising preference for air travel. Rise in wireless
connectivity and availability of air travel bookings online has made the
method very simple, which significantly contributes to air traffic
control equipment market growth.
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Increasing construction of new airports owing to increasing traffic
and enhanced connectivity is expected to fuel air traffic control
equipment market growth. Replacement of control systems in existing
airports with updated equipment to increase the efficiency of the
overall system is also expected to favor demand. Most controllers guide
the aircraft using radar-based display screens and communicate through
radio signals to the aircraft. New technologies such as IP-based
communication system and infrastructure deployed in new airports are
expected to increase the efficiency and accuracy of the overall system.
In addition, increasing government initiatives for overall
infrastructure development is also leading to construction of new
airports majorly in countries such as India and China.
High investment and maintenance cost is expected to hinder Air
Traffic Control industry growth over the forecast period. It is
difficult to modify and maintain available software in order to meet
increasing industry demand. However, it is expected to gradually reduce
owing to increasing automation. In addition, implementation of updated
technologies has resulted in increasing demand for skilled
professional.
Product Overview
Communication equipment was the leading air traffic control equipment
market product segment and was valued over USD 1,000 million in 2013.
It is expected to witness significant gains, with forecast of USD 1,500
million at a CAGR of 4% from 2014 to 2020. Advancement in digital data
communication on account of ubiquitous use of air traffic control
systems is expected to drive demand. Navigation equipment was valued at
USD 950 million in 2013, and is expected to reach USD 1,000.0 million by
2020, growing at an estimated CAGR of over 3% from 2014 to 2020.
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Application Overview
Commercial aircrafts accounted for over 38% of the industry share in
2014, with gains estimated at over 4 % from 2014 to 2020. Low breakdown
tolerance levels have forced the key players to emphasize on advancing
reliability of ATC equipment market.
Military aircrafts hold the second largest share in the industry,
growing at a CAGR of over 3% over the forecast period. In 2013, the
share of private aircrafts segment was over 25%, growing at a CAGR of
over 4% over the forecast period.
Regional Overview
Europe air traffic control equipment market was valued over USD
1,000.0 million in 2013. It is expected to reach 1,200 million by 2020
at a CAGR of 3% from 2014 to 2020. Incorporation of efficient collision
avoidance system in this region is likely to be major focus area for
defying increased air traffic. Asia Pacific is expected to be the
fastest growing region, growing at a CAGR of 6% over the next coming
years. Growing air traffic volume has led to increasing demand for
technologically advanced communications equipment.
North America air traffic control equipment market accounted for more
than 30% of the total industry share in 2013. This is primarily due to
Federal Aviation Administration (FAA) join hands with aviation industry
and.
Competitive Market Share
The global air traffic control equipment market share is fairly
consolidated, with the top four companies accounting for more than 50%
of the total demand in 2013.
Thales Group accounted for over 15% of the overall demand in 2013.
The company provides Air Traffic Management (ATM) solutions that are
capable of supporting Single European Sky ATM Research (SESAR) and Next
Generation Air Transportation System (NextGen) concepts. The company
also engages in mergers and acquisitions as part of its growth strategy.
For instance, it acquired Omnisys and the IT activities of Egis Avia in
2011 and 2013 respectively. Rest of the companies includes Harris
Corporation, Lockheed Martin and Raytheon Company among others.
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