DUBLIN--(BUSINESS WIRE)--The "Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market by Application (Surveillance, Planning, Monitoring, Guidance), Offering (Hardware, Software, Maintenance), Level, Investment, Sector, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The A-SMGCS market is estimated to be USD 4.04 billion in 2018 and is projected to reach USD 5.34 billion by 2023, at a CAGR of 5.73% from 2018 to 2023
Increasing demand and requirement for advanced airport systems to ensure the safe and smooth operation of airports are key factors driving the A-SMGCS market. High costs involved in the installation and maintenance of A-SMGCS restrain the growth of the A-SMGCS market.
Based on application, the surveillance segment is estimated to lead the A-SMGCS market in 2018. The growth of this segment can be attributed to the increased demand and requirement for advanced surveillance systems having efficient alerting functions to ensure the smooth conduct of various airport operations.
Based on investment, the greenfield segment of the A-SMGCS market is expected to grow at a higher CAGR than the brownfield segment during the forecast period. Factors driving the growth of the greenfield segment include increased investments for the development of greenfield airports in regions such as the Middle East and Asia Pacific.
Based on offering, the software segment of the A-SMGCS is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing need to integrate different software, such as alerting algorithms, with hardware to get accurate and reliable information about situations related to the movement of ground vehicles or aircraft at airports.
Based on sector, the commercial segment is projected to lead the A-SMGCS market from 2018 to 2023. The growth of this segment can be attributed to the increasing aircraft movements at commercial airports across the globe.
Key Topics Covered:
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- A-SMGCS Market, By Application
- A-SMGCS Market, By Offering
- A-SMGCS Market, By Level
- A-SMGCS Market, By Investment
- A-SMGCS Market, By Sector
- A-SMGCS Market, By Region
- Competitive Landscape
- Company Profiles
- Saab Group
- Altys Technologies
- ATRiCS Advanced Traffic Solutions
- ADB Safegate
- Indra Sistemas
- Thales Group
- Era Corporation
- Searidge Technologies
- Honeywell International
For more information about this report, visit https://www.researchandmarkets.com/research/9n6vtv/global?w=4.