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Growing Status of Air Traffic Control Equipment Market 2019 by Industry News, Evolving Technologies, Top Key Players, Industry Share, and Forecast to 2024 | Industry Research.co

Air Traffic Control Equipment

Air Traffic Control Equipment Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Air Traffic Control Equipment Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Air Traffic Control Equipment Market.

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Key Insights of Air Traffic Control Equipment Market:

  • Complete in-depth analysis of the Air Traffic Control Equipment
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • The market for air traffic control equipment is projected to grow with a CAGR of over 8% during the forecast period.
  • – The growth in air traffic has been the main growth driver for the market. The increase is currently more in the Asia-Pacific region, where the number of passengers who travel by air is constantly increasing.
  • – Increase in the number of airports in emerging economies and the need for efficient airspace management has forced airports and airlines to invest in air traffic control technologies.
  • – As aircraft operators across the globe have realized the significance of improved Air Traffic Control (ATC) services, they are increasingly investing in the development of innovative air traffic control technolog

    Air Traffic Control Equipment Market Segmentation by Top Key Players:

  • Thales Group
  • Indra Sistemas, SA
  • Raytheon Company
  • Harris Corporation
  • Collins Aerospace
  • Honeywell International Inc.
  • Frequentis AG
  • Acams Airport Tower Solutions
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Cobham PLC
  • Searidge Technologies*

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    Scope of the Report:

  • The study includes the following aspects:

    Key Market Trends:

    Communication Equipment Segment will Continue to Hold a Major Market Share During the Forecast Period

    In 2018, the communication equipment segment is estimated to account for the largest share of the market. A large share of the segment is primarily attributed to the fact that the communication between pilots and ground control operators is essential for an orderly flow of information regarding the aircraft information for air traffic management. Earlier, voice communication systems, which involved the transmission of information between air traffic controllers and pilots, were primarily used to manage air traffic. However, these conventional voice communication systems cannot function effectively in congested airspace. This has propelled the need to develop advanced communication equipment for air traffic control, which is attracting huge investments currently. Thus, this segment is projected to grow with the highest CAGR during the forecast period.

    Asia-Pacific Market to Grow with the Highest CAGR During the Forecast Period

    Currently, North America is the largest market for the air traffic control equipment, due to a large number of airports in the United States and Canada that are installing new ATC equipment for air traffic management. However, Asia-Pacific is projected to be the fastest growing market over the forecast period. Factors such as increasing air travel in the region due to reductions in airfares and the growth in the number of people who could afford air travel, focus on free and fair trade agreements, implementation of stringent aviation safety regulations, airport infrastructure developments, are currently driving the growth of the market in the region.

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    Air Traffic Control Equipment Market Covers Following Points in TOC:

    • Chapter 1: Air Traffic Control Equipment Market Definition
    • Chapter 2: Research Methodology of Air Traffic Control Equipment Market
    • Chapter 3: Air Traffic Control Equipment Market Executive Summary
    • Chapter 4: Air Traffic Control Equipment Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Air Traffic Control Equipment Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Air Traffic Control Equipment Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Air Traffic Control Equipment Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Air Traffic Control Equipment Market

     

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