Aerospace Industry Today
Global Air Traffic Control Equipment Market to Register Moderate Growth at a 4.8% CAGR between 2013 and 2019
Air Traffic Control Equipment Market (Commercial aircrafts, Military aircrafts and Private aircrafts) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Published 23 October 2015
The global air traffic control equipment market is growing rapidly owing to the significant increase in air travel all over the world. The global air travel industry is facing tough time because of the availability of limited airspace. Owing to the limited airspace, aircrafts are obligated to take clumsy routes that result in extra consumption of fuel and lesser profitability. The air traffic control equipment ensures efficiency in air traffic management, which in turn leads to reduced carbon emissions. These equipments are integral to the air traffic control systems that direct aircrafts during takeoff and landings at airports to keep a safe distance from each other in sky and at the ground. These systems also direct aircrafts in bad weather to ensure least delay in the schedule.
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The rapid development in data processing and communication technologies has spurred rise in the adoption of air traffic control systems. The advancement in the field of microelectronics has also signaled novel opportunities for the global air traffic control equipment industry. However, the high cost of upgraded devices is restricting the air traffic control equipment market from developing.
At present, the air traffic management is facing intricacies arising from bad radar coverage of conventional air traffic control equipment. This has created new possibilities for satellites as the data broadcasted through satellite are highly accurate. The employment of satellites having sensors and computing capacities is expected boost demand for the air traffic control equipment across the air travel industry.
Asia Pacific to Report Fastest Growth Rate in Air Traffic Control Equipment Industry
The markets for communication equipment, surveillance equipment, and navigation equipment are the main segments of the air traffic control equipment industry based on the types of the equipment. In 2012, the communication equipment market held the largest share of the global industry. Air traffic control communication systems assist in improving the overall quality of the digital data communication for airlines. The rate of replacement of outdated communication equipment with high-end air traffic control communication equipment is augmented, thanks to the superior quality and new communication abilities these equipment posses.
On the basis of end users of air traffic control equipment, the global air traffic control equipment industry can be segmented into military aircraft, commercial aircraft, and private aircraft. In 2012, the commercial aircraft market held the biggest share of the air traffic control equipment industry across the globe.
Among the regional markets for air traffic control equipment, Europe emerged the dominant market having contributed for 32.1% share of the overall industry in 2012. The increase in the government expenditure in the area of air traffic control for the protection of the aircrafts is propelling the growth in this region. Further, the air traffic control equipment market in Asia Pacific is projected to register the fastest growth rate during the period of 2013 to 2019, on account of the rise in the demand for extra efficient airlines infrastructure.
Global Air Traffic Control Equipment Market to Reach US$4,137 million by 2019
The global air traffic control equipment market is expected to grow moderately at a 4.8% CAGR during the period of 2013 to 2019. The market experts predict that it will reach US$4,137.1 million by the end of 2019 from US$3,000 million, calculated in 2012.
The global air traffic control equipment market is highly competitive and hence, fragmented in nature. BAE Systems Plc, Cobham Plc, Harris Corporation, Lockheed Martin Corp, NavAero Inc., Indra Sistemas S.A., Northrop Grumman Corp, Searidge Technologies Inc., Thales Group, and Raytheon Co. are the major companies operating in this marketplace.
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