Global Air Traffic Control Equipment Market Growth Trends and Forecast, 2022 by Acute Market Reports

The Global Air Traffic Control equipment market is accounted for $4 billion in 2014 and expected to grow at a compound annual growth rate (CAGR) of 5.65% to reach $6.21 billion by 2022. The factors that are favouring the market growth include improved aircraft movement, and construction of new airport and renovation of the existing ones led by the passenger & freight traffic and demand for modernaization and increased capacity. Airport expansion and modernization requires exploitation of air traffic control equipment and its sub-system, which is expected to boost the market growth.
View Global Air Traffic Control Equipment Market Report with Table Of Content - http://www.acutemarketreports.com/report/air-traffic-control-equipment-global-market-outlook-trends-forecast-and-opportunity-assessment-2014-2022
High procurement and maintenance cost of air traffic control equipment is expected to hinder air traffic control equipment industry growth. Lack of skilled labour and inefficient operations at peak hours is restraining the market growth. ATC equipment facilitates air traffic controllers to communicate with the aircraft, provides navigational services, monitors and manages the air traffic. Along with the increase in global air traffic and the need to meet the rise in demand for ATC in the future, ATM systems are being upgraded from ground-based to satellite-based systems.
The global air traffic control equipment market is segregated based on product type, application and region. Depending on the product type the market is sub-segmented into three types namely Communications Equipment, Navigation Equipment and Surveillance Equipment. The replacement rate of archaic communications equipment has amplified due to improvement of digital data communication on account of omnipresent use of air traffic control systems. Based On applications air traffic control equipment market is divided into Commercial Aircraft, Private Aircraft and Military Aircraft. Commercial and Military aircrafts are expected to be high growing markets for air traffic control equipment deployment.
Geographically air traffic control equipment market is segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). Europe and North America accounted for a significant market share of the air traffic control equipment market, due to the increased government efforts for securing air traffic and aircraft. Federal Aviation Administration (FAA), the national aviation authority of the U.S., has joined forces with unions and the aviation industry in the transitioning of air traffic control facilities from Common Automated Radar Terminal System (CARTS) to the Standard Automation Replacement System (STARS). Asia Pacific is expected to show high growth potential on account of growing demand for effective and efficient infrastructure.
Major players in the mining market include Advanced Navigation & Positioning Corp, Comsoft GMBH, BAE Systems Plc, Harris Corporation, Cobham Plc, Intelcan Techno systems Inc, Lockheed Martin Corp, IndraSistemas S.A, Raytheon Compan, and NavAero Inc..
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements.
Browse All Reports of This Category - http://www.acutemarketreports.com/category/agriculture-market
About Acute Market Reports
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements.  We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Our database consists of 200,000+ market research reports with detailed & minute market research. View more - http://www.acutemarketreports.com
Contact Us:
Chris Paul
Office No 01, 1st Floor,
Aditi Mall, Baner, Pune,
MH, 411045 India
Phone (India): +91 7755981103
Toll Free (US/Canada):  +1-855-455-8662

Email:  sales@acutemarketreports.com

Comments

Post a Comment

Popular posts from this blog

Air Brake System Market Price And Industry Growth Till, 2020-2024: Radiant Insights, Inc

  In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Air Brake System Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy -  https://www.radiantinsights.com/research/global-air-brake-system-market-research-report-2020-2024/request-sample In this report, the global Air Brake System market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report firstly introduced the Air Brake System basics: definitions, classifications, applications and market overview; product specifications; manufacturing
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report firstly in
Read more

Corporate Wellness Market Demand And Industry Growth Till, 2022 - 2030.

The global  corporate wellness market  size is expected to reach USD 93.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.0% from 2021 to 2028. Rising obese and overweight population increases insurance costs that account for the financial burden on the employers. The corporate wellness initiatives target particular health risk factors such as stress, obesity, smoking, poor eating, and lack of exercise. The pandemic has caused a change in the process of delivering wellness services. Although in-person sessions have resumed to some extent, the virtual platform has been made available to at-risk employees to meet their psychological and fitness needs. Initially, the lockdown imposed due to COVID19 resulted in transition to work from home, causing a great deal of stress. Corporate Wellness Market Segmentation Grand View Research has segmented the global corporate wellness market on the basis of service, end-use, categ
Read more