This global industry research report covers the growth prospects of the ground-based augmentation system market with segmentation based on the geography (Americas, APAC, and EMEA). It also includes an insightful analysis of the top vendors like Honeywell Aerospace, Indra Navia, NEC, Northrop Grumman, and Thales.
Technavio’s market research analysts estimate the global ground-based augmentation systems to grow at a CAGR of more than 8% between 2016 and 2020. The recent increase in global air traffic is expected to attract investments towards modernizing and upgrading airports, thereby boosting the demand for ground-based augmentation systems. EMEA is a dominant region in the global ground-based augmentation systems market, accounting for more than 79% of the overall market growth. An important factor that propels market growth in this region during the forecast period is the rising need to upgrade the technology for landing systems.
The new market research report from Technavio provides a breakdown and analysis of the ground-based augmentation systems segments by technology.
“The integration of GPS in aircraft landing equipment is rapidly gaining popularity as they help to avoid mid-air collisions. The implementation of a GPS system into the landing gear will help pilots to get the precise location of nearby air traffic. This system also results in quicker travel times with fewer delays. Moreover, the ability of such systems to increase the overall fuel efficiency of aircrafts is envisaged to result in market growth during the forecast period,” says Abhay Sinha, Lead Analyst, Aerospace & Defense, Technavio Research.
Of late, the FAA is evaluating the ground-based augmentation system (GBAS) CAT-II/III requirements for the next-generation air transportation system, owing to the great success of GBAS landing system for CAT-I (Category I) approach. These systems would help pilots in safe landing of the aircrafts with a minimum of 200m RVR and at a decision height of 50 m.
Advantages of CAT II/III GLS
Source: Technavio, 2015
The key vendors in the global ground-based augmentation systems include Honeywell Aerospace, Indra Navia, NEC, Northrop Grumman, and Thales. The market is highly competitive due to the presence of well-established vendors like Honeywell International and Rockwell Collins. In this market, the vendors compete on the basis of cost, product quality, reliability, and aftermarket services to gain a competitive edge over their rivals. Vendors that can provide cost-effective, high-quality landing systems with latest technology and materials are expected to survive successfully in this market during the forecast period.
A more detailed analysis is available in the Technavio report, Global Ground-based Augmentation Systems 2016-2020.
We can customize reports by other regions and specific segments upon request.
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