Published on : Jun 08, 2016
ALBANY, New York, June 08, 2016: ResearchMoz.us has added a new research report to its repository. The report, titled “Global Air Traffic Control Equipment Market 2016-2020,” provides a fair assessment of the overall growth of the market in the recent past. It uses the five forces analysis model to determine the bargaining power of buyers, the threat of new entrants, the bargaining power of suppliers, the threat of substitutes, and the intensifying competitive rivalry. Furthermore, the document studies the technological advancements, legal issues, environmental problems, and changing political scenarios surrounding the global air traffic control equipment market. According to the report, the global air traffic control equipment market is expected to surge at a 4.86% CAGR from 2016 to 2020.
The primary growth driver for the global air traffic control equipment market is the expansion of the aviation industry. Due to this factor, the industry is looking to upgrade its safety standards, thereby compelling airport authorities to invest in improved air traffic control equipment (ATC). This equipment is used for establishing seamless communication, navigation, and surveillance (CNS) facilities by employing digital technologies. The basic function of this equipment is to prevent collisions between aircraft and smoothening the process of air traffic flow by establishing a clear and constant communication channel with the pilots. Air traffic control equipment is used in the military, commercial, and private sectors.
The global air traffic control equipment market is segmented on the basis of type and geography. The types of equipment are navigation equipment and surveillance equipment. Geographically, this market is segmented into the Americas, Asia Pacific, the Middle East and Africa, and Europe. The researchers have assessed the strengths, weaknesses, opportunities, and threats impacting these segments of the market and changing the trajectory of this market.
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The prominent growth driver for the global air traffic control equipment market is the skyrocketing air traffic and growing number of aircraft being added to the existing fleets. However, the capital-intensive nature of this equipment and the need for highly-skilled labor to run it is having a negative impact on the overall market. Analysts predict that the shifting preference for satellite-based navigation will propel this market in the coming years. The report details each of these factors to determine the market size towards the end of the forecast period.
The significant players reshaping the dynamics of the global air traffic control equipment market are Harris, Northrop Grumman, Lockheed Martin, Thales, Raytheon, Aeronav Group, Aquila, Intelcan Technosystems, and Searidge Technologies. The report documents the various strategies of these companies for the near future to understand the competitive landscape of the global air traffic control equipment market. It also evaluates the research and development activities, business and marketing strategies, strategic mergers and acquisitions, financial overview, and expansion plans for these companies in the global air traffic control equipment market in the near future.
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