The rise in number of passengers is expected to translate into a signficantly growing demand for aircraft, thereby, leading to a boost in airplane traffic in every country.
The Air Traffic Control Equipment Market is analyzed to grow significantly owing to the growth in demand for air travel, especially in the developing countries.
This increase in air traffic will consequently result in the increased demand for air traffic control (ATC) equipment in coming years. Other major factors that are expected to drive the growth of the ATC equipment market include growing concern towards safety requirements, increase in the initiatives taken for modernization of airports, need for efficient management of airspace and technological advancements.
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The commercial sector is analyzed to dominate the air traffic control market. This segment is expected to continue its dominance during the forecast period owing to the rise in spending by numerous aviation authorities globally towards modernizing ATC systems in response to the rise in air traffic and increasingly congested airspaces and the fast doubling of the worldwide commercial aircraft fleet.
The global ATC market has been segmented on the basis of equipment, that includes navigation, communications, and surveillance. The communication equipment segment dominated the overall market, and is expected to exhibit a similar trend during the forecast period.
In addition, factors such as ever growing air traffic and increasing investments in advanced technology communication equipment at airports are analyzed to bolster growth prospects for this market during the forecast period. Lastly, numerous efforts are being made in order to implement and install digital data communication systems that ensure loss-less transmission of real-time communication and voice data.
The ATC equipment market is expected to witness highest growth in the Asia-Pacific. Currently, North America and Europe leads the commercial ATC equipment market owing to a high number of air travellers and the presence of large and technologically advanced airports in these regions.
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However, Middle Eastern and APAC countries have been investing significantly in modernization of existing airports and construction of new airports, on account of the rising passenger traffic. This growth can be attributed to the liberalization of regulations related to air transport, increase in government spending for infrastructure development, increase in demand for air travel, and growing GDP of these regions.
Thus, the global air traffic control equipment market in Asia-Pacific and Middle East is analyzed significantly, and is expected to reach to its peak over the forecast period.
Countries such as Japan, China, India, UAE, and Brazil are analyzed to register significant growth levels in the market during the forecast period. The ATC equipment market in Asia-Pacific is estimated to register high growth, as the Revenue Passenger Kilometers (RPK) and aircraft movements is analyzed to be twice as compared to other regions.
China is expected to be the swiftest growing market during the forecast period, due to significant investments in modernization of existing airports as well as construction of new airports.
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North America dominated the global ATC equipment market in 2014 and is expected to maintain its dominance in coming years. With the U.S. national aviation authority collaborating with various industry partners and aiming at initiatives in order to transform ATC facilities to the standard automation replacement system from the traditional automated radar terminal system, the North American market is expected to thus have a positive outlook in the near future.
The ATC equipment market ecosystem comprises airports, air navigation service providers, airlines, regulatory authorities, and equipment suppliers, among others.
The key industry players in this market include Lockheed Martin Corporation, Thales SA, Raytheon Company, Northrop Grumman Corporation, and Indra Sistemas, S.A. Other prominent vendors in the ATC market include Aeronav Group, Aquila,Searidge Technologies, and Intelcan Technosystems.
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