According to a new market research report published by Credence Research, “Air Traffic Control Equipment Market (by End-use (Defense & Commercial), by Equipment Type (Communication Equipment, Navigation Equipment, Surveillance Equipment, and Others), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global air traffic control equipment market is expected to expand at a CAGR of 5.8% during the forecast from 2018 to 2026 .
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Generally deployed at air traffic control centers, air traffic control equipment help air traffic controllers to monitor and manage the speed, position, and altitude of aircrafts in assigned airspace. The chief purpose of air traffic control equipment is to expedite the flow of air traffic, prevent collisions, coordinate landing and take-off operations, and provide other requisite support to air pilots. Improving standard of living and ensuing rise in business and recreational air travels has increased the number air traveler’s worldwide. This has compelled airport authorities to strengthen air traffic control center infrastructure in a bid to mitigate risk of mid-air collision, enhance operational performance, and achieve cost reduction. Advent of digitalization and advancements in microelectronics and data processing technologies are triggering replacement of conventional air traffic control equipment with the state-of-the-art variants. In addition, aviation legislations worldwide have necessitated airport authorities to modernize their communication, navigation, and surveillance infrastructure, driving new air traffic control equipment installations. While developed economies including North America and Europe are projected to witness steady growth in revenue stream, Asia Pacific and the Middle East will register a considerable uptrend on the back of several upcoming airport projects and consequent demand for airport control center infrastructure.
Browse the full Air Traffic Control Equipment market – Growth, Future Prospects and Competitive Analysis, 2018 –2026 report at https://www.credenceresearch.com/report/air-traffic-control-equipment-market
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Key players in the global Air Traffic Control Equipment Market Include Raytheon Company, Northrop Grumman Corporation, Frequentis AG, Searidge Technologies Inc., NavAero Inc., Becker Avionics Inc., Lockheed Martin Corporation, Indra Sistemas SA, Advanced Navigation & Positioning Corporation Inc., Harris Corporation, BAE Systems Plc, and Cobham Plc among others.
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Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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