Global Market Outlook on Air Traffic Control Equipment

Outlook on Air Traffic Control Equipment

Global Market

Bharat Book Bureau provides the report, on “ outlook on Air Traffic Control Equipment Global Market ” 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.

https://www.bharatbook.com/defence-security-market-research-reports-735789/air-traffic-control-equipment4.html

07th Dec2015- Mumbai, India: Bharatbook.com announces a report on “ outlook on Air Traffic Control Equipment Global Market ” 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 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 favoring 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 modernization 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.

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...