Air Traffic Control Equipment Market Worth USD 5.52 Billion USD by 2020

Dec 09, 2015, 08:30 ET from MarketsandMarkets

PUNE, India, December 9, 2015 /PRNewswire/ --

The report "Air Traffic Control Equipment Market by Sector (Commercial, & Defense), by Type (Communication, Navigation, & Surveillance), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World) - Global Analysis and Forecast 2020", published by MarketsandMarkets, The ATC Equipment Market is projected to grow from USD 4.37 Billion in 2015 to USD 5.52 Billion by 2020, at a CAGR of 4.79% during the forecast period.

Browse 86 market data Tables and 128 Figures spread through 162 Pages and in-depth TOC on "Air Traffic Control Equipment Market".

Early buyers will receive 10% customization on this report. 

The market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Asia-Pacific, Europe, and the Rest of the World.

The air traffic control (ATC) equipment market is projected to reach USD 5.52 Billion by 2020, at a CAGR of 4.79%. A number of factors, such as the increase in the initiatives taken for modernization of airports, growing concern about safety requirements, technological advancements, and need for efficient management of airspace are expected to drive the growth of the air traffic control equipment market.

The commercial segment to dominate the air traffic control market, segmented based on sector. 

This segment dominates the studied market, and is expected to continue its dominance over the next five years, primarily driven by the increase in spending by various aviation authorities towards modernizing air traffic control systems in response to the increasingly congested airspaces and rise in air traffic.

The communication segment is expected to grow the highest during the forecast period. 

The global air traffic control market has been segmented and analyzed in terms of three types of equipment, which include communications, navigation, and surveillance, wherein the communications segment dominates the overall market, and is expected to exhibit a similar trend during the next five years. It is expected to be mainly driven by the increasing spending by aviation authorities. Efforts are being made to implement digital data communication systems to ensure lossless transmission of voice data and real-time communication.

The air traffic control equipment market is expected to witness the highest growth in the Asia-Pacific. 

This growth can be attributed to the increase in government spending for infrastructure development, liberalization of regulations related to air transport, and growing GDP of the region.

Lockheed Martin Corporation (U.S.): One of the key players in the air traffic control market 

The report classifies the air traffic control equipment market based on sector and type. The market has been segmented based on sector into defense and commercial. It has been segmented further based on type into communication, navigation, and surveillance.

Ask For PDF Brochure:

The major players in this market have been identified to be Lockheed Martin Corporation (U.S.), Thales SA (France), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and Indra Sistemas, S.A. (Spain).

Browse Related Reports 

Commercial Baggage Handling System Market by Airport Class (A, B, C), Identification Technology (Barcode, RFID), Service (Self-Service, Assisted-Service), Type (Conveyors, Destination-Coded Vehicles), Efficiency, Geography - Global Forecast to 2020

X-Band Radar Market by Type (Portable & Non-portable), Application (Defense, Government, & Commercial) - Global Forecasts, Trends & Analysis to 2015-2020

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Media Contact:
Mr. Rohan
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441

Visit MarketsandMarkets Blog  

Connect with us on LinkedIn @

SOURCE MarketsandMarkets