This market research report presents a comprehensive analysis of the global air traffic control (ATC) equipment market by type (navigation, communication, and surveillance) and by geography (the Americas, APAC, and EMEA). The key leading vendors in the market are Harris, Lockheed Martin, Northrop Grumman, Raytheon, and Thales.
The market research analysts at Technavio estimate the global ATC equipment market to grow at a CAGR of almost 5% between 2016 and 2020. The growing air traffic and new aircraft deliveries is the primary driver for the growth of the global air traffic control (ATC) market. The growth in aircraft orders and backlogs is expected to be followed by an equivalent increase in the procurement of ground-based landing systems (GLS), subsequently driving the market. At present, the Americas dominate the global ATC equipment market, accounting for over 41% of the overall market share. Extensive investments made on airports by the transportation security administration (TSA) owing to growing air traffic is expected to stimulate the growth of the market during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the ATC equipment market segments by type.
“With a new generation of air traffic management (ATM) systems being planned and implemented around the world, there is a significant shift towards satellite-based navigation systems. Ground-based augmentation system (GBAS) is an effective solution to ensure safety and attain efficient operations. For example, Honeywell Aerospace signed a contract with the UK DFID to equip the airport with the SmartPath GBAS,” Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
At present, the navigation segment dominates the global ATC equipment segment by accounting for a market share of almost 35%. High investments on advanced technology communication equipment in airport is a key factor in the growth of this segment. Factors such as growing air traffic which leads to the high priority for safe and reliable operations is expected to fuel the growth of the navigation ATC equipment market in the coming years.
The key vendors in the market include Harris, Lockheed Martin, Northrop Grumman, Raytheon, and Thales. The global ATC equipment market is highly competitive owing to the presence of well-diversified international and regional players. The vendors in the market compete on the basis of cost, product quality, reliability, and aftermarket service. Mergers and acquisitions, along with increasing collaborations with alliance partners around the world, is expected to impel the growth prospects for the global market during the forecast period.
A more detailed analysis is available on the market research report, Global ATC Equipment Market 2016-2020.
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