November 21, 2019
According to the research report titled ‘Global Air Traffic Control Equipment Market: Analysis By Product (Communication, Surveillance, Navigation), By Application (Commercial, Private, Military), By Region, By Country: Opportunities and Forecast (2018-2023) By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Germany, United Kingdom, Spain India, Japan, China)’ available with Market Study Report LLC, the global air traffic control equipment market is expected to grow with a CAGR of 4.73% during the period of 2018-2023.
Surging number of air passengers and increasing freight traffic leading to rising aircraft activities and development of new airports are the major drivers for the growth of air traffic control equipment market. To address the concerns of low visibility during adverse weather conditions, existing aircrafts are being upgraded with new features, which is further aiding the market growth. Escalating disposable income, coupled with shifting consumer preference towards e-commerce are offering easy to accessibility of air travel, which in turn is augmenting the demand for air traffic control equipment across the globe.
Notably, the research report discusses and examines the potential growth opportunities in air traffic equipment control market. It also provides crucial statistics on revenue shares for each segment. The study further aims to offer top-notch business information and help investors to evaluate their investments thoroughly.
Based on product type, air traffic control equipment market is segmented into surveillance, communication, and navigation. Whereas, in terms of end user spectrum, the market is divided into private, commercial, and military.
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Considering the geographical landscape, the global air traffic control equipment market is fragmented into regions, namely, Europe, North America, and Asia-Pacific, with key focus on countries such as Canada, US, Germany, UK, India, Spain, China, and Japan.
The key players in air traffic control equipment market are Lockheed Martin Corp., Advanced Navigation & Positioning Corp. (ANPC), Cobham Plc, BAE Systems Plc., Thales Group, Harris Corporation, and Raytheon.
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