The air traffic control equipment is used by the ground-based air traffic controllers in order to direct the private, commercial, and military aircraft on the ground, through controlled airspace. Market Research Future (MRFR) has published a research report about the global air traffic control equipment market that observes increase for this market at 6% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
The pivotal factor aiding the global air traffic control equipment market growth is rising airplane crashes around the world. The other factors necessary for the market growth include need for better air-traffic flow management, huge passenger growth, demand for new aircraft with more sitting capacity, growing manufacturing of aircrafts, growing air traffic, more people choosing air travel over other means of traveling, government support for the development of new airports, commercialization of satellite-based augmentation system (SBAS), growing development satellite-based air traffic navigation equipment, and lastly, the advantages of satellite-based air traffic control equipment over the radar-based air-traffic navigation systems.
Global Air Traffic Control (ATC) Equipment Market can be segmented on the basis of end-user, equipment type, and lastly, region. Regarding end-user, this market has been segmented into commercial and military. Not only the commercial segment holds the major market share, during the forecast period, but the growth of this segment has also been estimated to happen at a faster rate. As per equipment type, the market has been segmented into communications equipment, navigation equipment, and surveillance equipment.
The regional segmentation of the global air traffic control (ATC) equipment market can segment the market into the regional markets known as Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa (MEA). Being the largest regional market, the North American market is growing due to technological advancement, the presence of biggest market players in this region, the higher purchasing power of people in this region, and more people preferring air travel in this region. The key country-specific markets in this region are the USA and Canada.
Latin America is another country-specific market but with the limited scope as it lags behind North America in terms of technological advancement. In this region, the purchasing power of people is lower than the purchasing power of people in North America. The most important country-specific markets in this region are Brazil, and Mexico, followed by the remaining countries of Latin America.
Europe is an important country-specific market that is growing primarily due to the reasons that are the same as in North America, more so in the concept of Western Europe. In this region, the key country-specific markets are France, Germany, Spain, and the UK, followed by the remaining countries of Europe. Some major market players are based in Europe too.
During the forecast period, the Asia Pacific region has been anticipated to rise as the fastest-growing regional market. By the end of the forecast period, it is likely to overtake North America and Europe. Factors contributing to the market growth in this region include rising technological advancement, growing economies, and increasing the purchasing powers of people. Countries like China, India, Japan, and South Korea (followed by the remaining countries of the Asia Pacific region), are upgrading their airport infrastructure to accommodate the growing air traffic in these countries.
In the MEA region, the market is limited due to most countries being poor, lack of awareness, lack of advanced infrastructure, and lack of education. The significant country-specific markets in this region are South Africa, Qatar, and the UAE, followed by the remaining countries of the MEA region.
The key players in the global air traffic control (ATC) equipment market include ADB Safegate (USA), Aeronav Inc. (Canada), Aquila Air Traffic Management Services (UK), BAE Systems PLC (UK), Cobham (UK), Harris Corporation (USA), Indra Sistemas (Spain), Raytheon Company (USA), Searidge Technologies (Canada), and Thales Group (France).
Latest Industry News
- US Army aviation officials are building a new airport control tower at Fort Benning, Georgia, to support various military air operations. 25 FEB 2019
- Progress is being made on the development of the first remotely operated digital air traffic control tower in New Zealand. 5 MAR 2019
Air Traffic Control (ATC) Equipment Market Research Report: Information by Equipment Type (Communications Equipment, Navigation Equipment, Surveillance Equipment), by End-User (Commercial, Military), and by Region — Global Forecast till 2023 @ https://www.marketresearchfuture.com/reports/air-traffic-control-equipment-market-7037