London, 17 November 2014 – TechNavio, a global, tech-focused research firm has published a new report on the Global Air Traffic Management and Control Market, which is expected to post a CAGR of 16.70 percent from 2014-2018.
An increase in airline traffic volume and congestion has boosted the need for better air traffic control (ATC) systems.
According to the latest report from TechNavio, the Global Air Traffic Management and Control Market is witnessing a major shift from ground-based ATC to satellite-based ATC.
Satellite-based navigation helps increase control capacity at airports and improve the fuel efficiency of aircraft. It can also lead to decreased flight times and reduced noise pollution and greenhouse gas emissions, by allowing aircraft to operate along the most optimal flight paths through a variety of new air and ground-based technologies.
“Next-generation air traffic management systems provide more efficiency and higher performance in managing and controlling air traffic. As we see the emergence of both satellite and next gen systems, experts in ATC will have more information at their disposal in order to make key decisions in this realm,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Growth in Airline Traffic Volume
- For a full detailed list, view our report.
Market Challenges:
- High Cost of ATC Systems
- For a full detailed list, view our report.
Market Trends:
- Emergence of Satellite-based Navigation ATC
- For a full detailed list, view our report.
Key Vendors:
- BAE Systems plc
- Raytheon Co.
- Thales SA
Other Prominent Vendors:
- COMSOFT
- Finavia
- GECI Airports
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
