Air Traffic Control Equipment Market (Commercial aircrafts, Military aircrafts and Private aircrafts) is Expected to Reach USD 4,137.1 Million in 2019: Transparency Market Research

ALBANY, New York, May 8, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Air Traffic Control Equipment Market (Commercial aircrafts, Military aircrafts and Private aircrafts) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the market was valued at USD 3,000.0 million in 2012, which is expected to reach USD 4,137.1 million by 2019, growing at a CAGR of 4.8% from 2013 to 2019. Europe was the largest contributor to global Air Traffic Control (ATC) equipment market and accounted for 32.1% of the overall market in 2012. However, Asia Pacific is expected to be the fastest growing market for ATC systems during the forecast period, growing at a CAGR of 28.2% from 2013 to 2019. This is mainly due to the increasing airport infrastructure developments and growing air travel in Asia Pacific.

Browse Air Traffic Control Equipment Market Report With Full TOC at http://www.transparencymarketresearch.com/air-traffic-control-market.html

Increasing air travel across the world has brought limitations on the amount of airspace available. Hence, due to limited airspace, aircrafts are forced to take inefficient routes from source to destination resulting in more consumption of fuel and low profitability. Identifying the future needs of air traffic control and installing systems that can meet those needs takes considerable amount of time. Replacement of obsolete air traffic control systems is not an easy task because air traffic control is continuous and ongoing activity that cannot be interrupted when any replacement of old equipment takes place. Therefore installation of new systems takes place gradually where new and old equipment are operated parallel. Currently, the ATC equipment provides only controlled and uncontrolled operation. Hence, improvements in technology can provide a wide range of services and operations suiting the airspace users.

Among all the product types, communication equipment held the largest share of air traffic control equipment market in 2012. Ubiquitous usage of ATC systems has improved digital data communication leading to increased replacement rate of obsolete communication equipments. Currently, air traffic management suffers from poor radar coverage. Usage of satellites coupled with sensors and computing capabilities is expected to grow the air traffic control surveillance equipment market. Geographically, Europe held the largest share of air traffic control equipment market in 2012 owing to the increasing efforts by governments of European countries on securing air traffic and aircraft. However, Asia Pacific is expected to grow at fastest rate due to increasing demand for efficient and effective infrastructure.

The global air traffic control equipment market is highly fragmented and competitive. Major industry participants include BAE Systems Plc, Harris Corp., Cobham Plc, NavAero Inc., Indra Sistemas SA, Lockheed Martin Corp., Searidge Technologies Inc., Northrop Grumman Corp., Thales Group, Raytheon Company among others.

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The market has been segmented as follows:

Air Traffic Control Equipment Market, by type 

•    Communications equipment

•    Navigation equipment

•    Surveillance equipment

Browse Air Traffic Control Equipment Market Report With Full TOC at http://www.transparencymarketresearch.com/air-traffic-control-market.html

Air Traffic Control Equipment Market, by end user 

•    Commercial aircrafts

•    Private aircrafts

•    Military aircrafts

Air Traffic Control Equipment Market, by geography 

•    North America

•    Europe

•    Asia Pacific

•    RoW

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