LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global advanced-surface movement guidance and control system (A-SMGCS) market to grow at a CAGR close to 6% during the forecast period, according to their latest market research report.
The growing focus on the development and adoption of new technologies is one of the major trends being witnessed in the global advanced-surface movement guidance and control system market 2018-2022. The adoption of new technologies will help to improve and increase the safety of the aviation industry. Some of the technological trends include airport safety nets, runway status lights, and airport collaborative decision making (A-CDM). These growing technological developments will enhance the safety of operations at airports which will boost the growth of the overall global market.
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According to Technavio analysts, one of the key factors contributing to the growth of the global A-SMGCS market is the development of new airports due to growing air traffic:
Global A-SMGCS market: development of new airports due to growing air traffic
The growing number of air passengers around the world is increasing the need for new airports. For instance, the number of domestic and international passengers in India grew by approximately 20 million over the period 2016-2017. Therefore, governments are investing and planning new airports for cities that do not already have airports to cater to the rapid increase in air traffic. There are new construction projects coming up in various countries such as Turkey, Beijing, Dubai, and Ethiopia. This growth in the number of airports will increase the demand for A-SMGCSs.
According to a senior analyst at Technavio for research on IT Professional Services, “Growing urbanization and increasing population in major cities across the world has led to a rise in the number of people opting for air travel. Therefore, several airline companies are trying to operate more flights to accommodate the growing demand, which is leading to congestion in the existing infrastructure.”
Global A-SMGCS market: Segmentation analysis
The global A-SMGCS market research report provides market segmentation by application (surveillance, safety and support, guidance, routing), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The surveillance segment held the largest share of the market in 2017, accounted for more than 38%, of the market, followed by the safety and support, guidance, and routing segments, respectively. However, during the forecast period, the guidance segment is expected to show the highest incremental growth followed by the routing segment.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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