Published Date : 10 Oct 19 | Views: 107 | Industry : Machinery & Equipment
Communication System to Show Remarkable Growth among Product
Type Segments
On the basis of
application, the global air traffic control market is segmented into commercial
and defense. The report also includes comprehensive segmental analysis of product
type segments such as navigation system, surveillance system, and communication
system. Among product type segments, communication system is expected to
collect a leading share of the global air traffic control market due to the
need to maintain effective and clear communication between ground control
operators and pilots. Launch of advanced communication systems that help to
efficiently manage air traffic could further contribute to the growth of this product
type segment.
North America to Lead Global Market with High Use of
Air Traffic Control Equipment
North America is
anticipated to become a larger air traffic control market in the coming years.
This could be due to increased deployment of air traffic control systems and
presence of a significant number of airports in the US and Canada. Asia Pacific
could show quicker growth in the global air traffic control market as it rides
on opportunities created as a result of airport infrastructure modernization
and implementation of strict regulations and policies in the aviation industry.
Other factors such as growth in the frequency of business and recreational air travels
are expected to add to the growth of Asia Pacific in the global air traffic
control market.
Players to Focus on Winning New Contracts from Fast-growing
Developing Countries
The report
provides deep company profiling of popular players operating in the global air
traffic control market such as Lockheed Martin, Frequentis AG, Northrop
Grumman, Telephonics Corporation, Thales, Sierra Nevada Corp, Raytheon, Honeywell
International, Harris, BAE Systems, and Indra.
Increase in Business and Recreational International Air
Travel to Augment Demand
The global air traffic control market is likely to gain growth on the back of increasing number of air travels and high dependency on aircrafts for making international trips. High use of defense and military aircrafts for training and other purposes could be another significant factor increasing the requirement for efficient air traffic control and management. Growing investments in air traffic control technologies to improve the management of airspaces are predicted to create rewarding market growth opportunities for players. According to market analysts, expensive maintenance cost of air traffic control systems could be one of the restraints of the global market.
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