DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/36b99n/air_traffic) has announced the addition of the "Air Traffic Control Equipment Market by Product Type , by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East, and Africa), and by Country - Forecast Analysis to 2014 - 2020" report to their offering.
The Global Air Traffic Control (ATC) equipment market is estimated to be at $4160.2 million in 2014 and is expected to register a CAGR of 4.82%, to reach $5519.5 million by 2020.
ATC equipment is used by air traffic controllers to ensure safety, efficiency, and reliability of the aircraft. The main objective of ATC equipment is to avoid collision of aircraft and organize the flow of air traffic.
This report describes the analysis and forecast of the global ATC equipment market. It is segmented on the basis of product types, its sub-product 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 Air Traffic Control equipment market; the general overview of companies, along with their financial position, and key products. The key players in this market include Indra Sistemas (Spain), Thales Group (France), Raytheon (U.S.), Lockheed Martin (U.S.), Harris Corporation (U.S.), and Northrop Grumman (U.S.).
Construction of new airports and modernization of existing airports acts as a major driver for the global ATC equipment market. This is further aided by technological advancements, high safety requirements, and increase in passenger and freight traffic. High cost and maintenance of ATC equipment 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:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 ATC Equipment Market, By Product Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Advanced Navigation & Positioning Corp
- Consoft GMBH
- Harris Corporation
- Indra Sistemas Sa.
- Intelcan Technosystems Inc
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Company
- Searidge Technologies Inc
- Thales Group
For more information visit http://www.researchandmarkets.com/research/36b99n/air_traffic
