- The key vendors in the Global Air Traffic Control Equipment Market 2015-2019 are BAE Systems plc, Cobham plc, Harris Corp., Indra Sistemas S.A. and navAero Inc.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Air Traffic Control Equipment Market 2015-2019. With the modernization of airports and ATC infrastructure, there are several aircraft that need to be retrofitted with the necessary ATC equipment. Projects such as SES in Europe and NextGen in the US and initiatives from the IATA to improve air traffic management systems globally have also stimulated the market. The Global ATC Equipment market is expected to grow at a CAGR of 4.74 percent during the period 2014-2019.
To cope with increased demand in the future, ATM upgrade measures, which include the upgrade of ATC infrastructure and transition from ground-based to satellite-based ATC systems, are also considered. Major airports in places such as Hong Kong, Singapore, Bangkok, and Beijing are already operating at high capacity and could face a major problem in the future because of lack of efficient ATM systems. Thus, the upgrade of ATC infrastructure is a necessity and is going to increase the demand for ATC equipment in the years to come.
“An ATM using a satellite-based navigation system is one of the potential solutions and has already been considered for the ATM upgrade programs such as NextGen in the US,” says Faisal Ghaus, Vice President of TechNavio Research.
A satellite-based navigation system uses GPS technology to shorten routes. Also, aircraft could fly closer together with greater safety margins.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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