Published on : Jun 06, 2016
Albany, New York, June 1, 2016: Air traffic control is a crucial part of aviation and has thus become important in the ongoing aviation industry boom. According to a report recently added to the vast research catalog of Market Research Hub (MRH), the global market for air traffic control equipment is likely to witness a rising demand in the coming years. The next two decades are expected to be vital for the global aviation industry due to the increasing demand from developing economies. As the aviation industry traverses a steady growth curve, the global air traffic control market will enjoy a steady increase in demand as a vital ancillary industry of the aviation sector.
The report is titled ‘Global Air Traffic Control (ATC) Equipment Consumption 2016 Market Research Report’ and is available for sale on the official website of Market Research Hub.
The global aviation sector is majorly fuelled by the increasing number of air passengers. The increasing purchasing power of consumers in developing economies has resulted in an increasing demand for air travel in countries such as India, China, and several Southeast Asian countries. Latin America and the Middle East are also becoming increasingly important for the global aviation industry, exemplified by the rapid rise and resounding success of aviation companies in the region, such as Emirates Airlines.
As a result of the aviation boom, the demand for air traffic control equipment has grown massively. Air traffic control will become even more important in the coming years, as the total number of aircraft used across the world rises. Maintaining a steady rate of technological innovation in air traffic control equipment is also crucial for the global industry, as more advanced machinery allows for more precise tracking and monitoring of aircraft and thus helps dramatically reduce the risk of accidents. To this end, satellite-based air traffic control is expected to rise in demand in the coming years.
The increasing efforts to upgrade airports and incorporate smart city infrastructure also bode well for the global air traffic control equipment market. The growing concerns about making air traffic control equipment safer will also result in intensive research aimed at improving the overall quality of the equipment, driving the global market.
Regionally, North America dominates the global air traffic control equipment market, followed by Europe. These two prosperous regions are the largest aviation hubs in the world, posting some the highest figures for revenue, passengers flown, and air miles.
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However, the future of the air traffic control equipment is expected to be dominated by Asia Pacific. Countries such as India and China are rapidly emerging as major aviation hubs, while the increasing disposable income of APAC consumers has also resulted in a growing demand for air travel for both business and recreational purposes.
In competitive terms, major players operating in the global air traffic control equipment include Northrop Grumman Corporation, Raytheon Company, Lockheed Martin Corporation, Thales SA, and Indra Sistemas S.A.
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