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 The rate of replacement of outdated communication equipment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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