Growing Air Traffic Driving the Global Air Traffic Control Equipment Market Through 2020, Says Technavio
By Business Wire News
By Business Wire News
This research report titled ‘Global Air Traffic Control Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global ATC equipment market into three major segments based on product type. They are:
- Communication equipment
- Navigation equipment
- Surveillance equipment
Global communication equipment market
The global communication equipment market is anticipated to reach USD 2 billion by 2020, growing at a CAGR of over 5%. In 2015, communication equipment accounted for 33.35% of the market, and it is likely to lead the market by 2020, with a market share of 34.41%. According to Abhay Singh, a lead research analyst at Technavio for aerospace components research, “This is because of high investment in technologically advanced communication equipment for airports, which in turn is necessitated by the growing air traffic. Advanced communication equipment ensures safe and reliable operations.”
Communication equipment is used for ground and air-to-ground communication, and the equipment provides avionics data to interoperate. Globally, the standard interface services and protocols are derived based on international standards. The modernized communication systems provide mobile services between aeronautical stations and aircraft stations. Communication systems are used effectively during emergency positions. The radio beacon stations also provide service during emergencies.
Global navigation equipment market
The global navigation equipment market is expected to reach USD 1.95 billion by 2020, growing at a CAGR of over 4%.
In ATC or air traffic management (ATM) systems, navigation equipment is used to provide reliable and accurate positioning of an aircraft. Different navigational systems are provided to aircraft operators at the airports to handle the operations efficiently. International Civil Aviation Organization (ICAO) standardizes the functions of navigational aids.
The growing aircraft orders, backlogs, and deliveries, coupled with the advantages of navigational equipment, will drive the market. Approximately 20,000 aircraft will be delivered to Asia, EMEA, and Latin America in the next 20 years. Similarly, 8,000 new aircraft will replace the current aircraft fleet in North America by 2034.
Global surveillance equipment market
The global surveillance equipment market is predicted to reach USD 1.9 billion by 2020, growing at a CAGR of almost 5%.
The aviation industry is expanding with 40% of all new aircraft being delivered to APAC, 20% to Europe and North America, and the remaining 20% to be delivered to the Middle East, Africa, Latin America, and the commonwealth of independent states (CIS).
ATC systems rely on primary and secondary radars to locate or identify an aircraft anywhere in the airspace. With the growth in aircraft number and utilization, the uncertainties and incidents have also increased. With the efficient use of air traffic management, such incidents are expected to reduce in the future. “Therefore, the growing number of aircrafts makes it mandatory for countries across the globe to invest in the latest surveillance systems so as to enhance security and safety. This augurs well for the market during the forecast period,” says Abhay.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Lockheed Martin
- Northrop Grumman
Browse Related Reports:
- Traffic Management Systems – Market Drivers, Forecasts 2015-2019
- Global Aviation Cyber Security Market 2015-2019
- Commercial Aircraft Autopilot System Market 2015-2019
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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