The air traffic control (ATC) equipment market would be worth USD 4.2 billion in 2020. Construction of new airports and expansion of existing ones to cater to passenger & freight traffic further the demand for ATC equipment and their sub-systems. However, the replacement of old systems with modern ones has to be gradual so that continuous monitoring of air traffic is not interrupted. Often, new systems are implemented and obsolete equipment phased out.
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Technologically-advanced components and aircraft safety standards should also fuel market demand. Innovations in microelectronics are expected to grow further. Moreover, enhanced processing enables data alteration to fulfill multiple computational demands. This proves favorable for the air traffic control (ATC) equipment market.
Demand may suffer due to the high procurement & maintenance costs of ATC equipment. Additionally, operational inefficiencies at peak hours occur, thus hindering the market. The market is categorized as per products, applications, and regions. Products are communications, surveillance, and navigation.
Communications equipment occupied a large revenue share in 2013. It should continue its growth in the coming years. Improvements in digital data communication propel the replacement of older communications products with improvised ones. Application segments of the air traffic control (ATC) equipment market are military, private, and commercial.
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Military aircrafts can grow to a large extent over the next six years. This would be attributed to their mission-critical nature. Commercial will be a lucrative application during the forecast period (2014 to 2020). North America, Europe, Asia Pacific, and Rest of the World (RoW) constitute the market regions. Europe and North America are important markets.
They held a substantial income share in 2013 owing to favorable initiatives to secure aircrafts and air traffic. Asia Pacific is anticipated to observe considerable growth due to infrastructural improvements. Chief players in the worldwide air traffic control (ATC) equipment market include Raytheon Company, Thales Group, and Searidge Technologies Inc.
Lockheed Martin Corporation, Harris Corporation, and NavAero Inc. are the other reputable vendors. Low tolerance for failures prompts suppliers to develop highly reliable systems. Growing air traffic volume leads to focus on collision avoidance. Players ensure periodic advancements in navigation and landing aids to boost efficiency and maintain safety.
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