The competition among players in the global air traffic controlequipment market has increased considerably in the last few years.
The top three players – Harris Corp., Thales Group, and BAE Systems
Plc – accounted for nearly 46% of the market in 2012. Companies are
introducing new products and offering customized air traffic
management solutions at reasonable cost.
In order to manage the growing air traffic, traffic authorities are
changing the way they operate and manufacturers are shifting their
production base to emerging economies. Leading players are acquiring
small scale companies. Case in point: Indra Sistemas along with
Northrop Grumman, acquired Park Air Systems Norway. This acquisition
helped Indra build up its portfolio in air traffic management
systems.
R&D remains the core focus of key companies in the global air
traffic control equipment market. Thales Group, for instance,
invested over US$3 bn into R&D in 2013. The development of
sophisticated technology for analysis, decision making, and detection
fields is another area gripping the focus of players. With innovation
in their products, key players hope to serve space and aeronautics,
defense and security, and ground transportation.
Utmost Importance of Air Traffic Control Systems: http://bit.ly/2apWGvr
Environmental Benefits Associated With Use of Air Traffic Control
Equipment Boosts Demand
The utilization of air traffic control systems benefits the
environment to a great extent. According to a 2012 research conducted
by Airbus, around 9 mn tons of fuel would be saved per year, if air
traffic control and management systems were used optimally. This
would help prevent 28 mn tons of CO2 emissions per year. The
environmental benefits of using air traffic control equipment will
thus, drive their demand.
Another factor contributing to the growth of the global air traffic
control equipment market is the growing trade relations between
countries. Numerous student exchange programs conducted by
universities are leading to a rise in the number of air travelers.
The number of international students registering in Canada, according
to the Canadian Bureau for International Education was 265,000 in
2012. Since passenger comfort and safety are key concerns for airport
authorities, there is a growing demand for air traffic control
equipment.
The growing disposable income has led to an increasing number of
people using air transport. As per the International Civil Aviation
Organization (ICAO), 2.9 bn people used air transport in 2012.
Manufacturers of aircrafts delivered 1,500 new aircrafts in 2013.
Such factors contribute to the demand for air traffic control
equipment. The number of passengers is expected to increase in Latin
America, the Middle East, and Asia Pacific, which will further drive
the demand for air traffic control equipment. On the other hand, the
high cost of air traffic control systems is the factor limiting the
growth of the market, states a TMR analyst.
Satellite-based Air Traffic Control Systems to Offer Efficient Air
Traffic Management
For the efficient management of air traffic, the Federal Aviation
Administration FAA is striving to replace the current radar-based
navigation system to satellite-based navigation air traffic control
system, as it will help provide precise location of airplanes every
second. Moreover, the satellite-based navigation is expected to cut
down on emissions and also the fuel cost owing to continuous
tracking.
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