DUBLIN, Aug. 15, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Air Traffic Control Equipment Market by Product Types, Geography, and by Country. Forecast Analysis (2014-2020)" report to their offering.
The Global Air Traffic Control equipment market is estimated to be at $4160.2 million in 2014 and expected to register a CAGR of 4.82% to reach $5519.5 million by 2020.
ATC equipment are instruments used by air traffic controllers to ensure safety, efficiency, and reliability of aircraft. The main objective of ATC equipment is to avoid collision of aircrafts and organize the flow of air traffic.
This report describes the analysis and forecast of the global Air Traffic Control equipment market. It is segmented on the basis of types, geography, and countries. The report highlights factors driving the market, along with its restraints. It addition to this, it contains a brief about the recent technologies, market, and industry trends.
The ATC equipment analysis exemplifies the forecast for three major types: communication, navigation, and surveillance equipment. Ancillary to this, the geographical analysis describes the global ATC equipment market forecast for major regions including North America, Europe, Asia-Pacific (APAC), the Middle East, Latin America, and Africa. Of these, North America and Europe are currently dominating the market; however, the APAC region is expected to show highest CAGR by 2020.
The report offers leading competitors in the global Air Traffic Control equipment market; the general overview of companies, along with their financial position, key products, and market sizes. The key players in this market include Indra Sistemas, Thales Group, Raytheon, Lockheed Martin, and Harris Corporation.
Construction of new airports and modernization of existing airports acts as a major driver for the global Air Traffic Control equipment market. This is further aided by technological advancements, high safety requirements, and increase in passenger and freight traffic. High maintenance and operational cost are expected to restrict the market. The challenges faced by the market include lack of efficient operations in peak period and lack of skilled labor. Opportunities expected to drive the market further include NextGen transformation; a shift from ground-based navigation surveillance to satellite-based navigation surveillance.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Air Traffic Control Equipment Market, By Product Type
6 Geographical Analysis
7 Competitive Landscape
8 Company Profiles
- Advanced Navigation & Positioning Corp.
- Comsoft GMBH
- Harris Corporation
- Indra Sistemas SA
- Intelcan Technosystems Inc.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Raytheon Company
- Searidge Technologies Inc.
- Thales Group
For more information visit http://www.researchandmarkets.com/research/cxf6h2/air_traffic
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SOURCE Research and Markets